Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Shares to Pay Monthly Dividend of $0.06

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) declared a monthly dividend on Thursday, October 29th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.0635 per share on Monday, November 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th. This is a 0.8% decrease from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0640.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of Capital Group Short Duration Municipal Income ETF stock traded down $0.04 during trading hours on Friday, reaching $26.16. The company’s stock had a trading volume of 354,684 shares, compared to its average volume of 367,311. Capital Group Short Duration Municipal Income ETF has a one year low of $25.59 and a one year high of $26.68. The firm has a 50 day moving average price of $26.02 and a 200-day moving average price of $26.31.

About Capital Group Short Duration Municipal Income ETF

The Capital Group Short Duration Municipal Income ETF (CGSM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively manages a portfolio of US municipal bonds exempt from regular federal income tax. The portfolio is mostly comprised of investment grade debts and the average portfolio duration is expected to be one year. CGSM was launched on Sep 26, 2023 and is issued by Capital Group.