Capital Group Short Duration Municipal Income ETF (CGSM) to Issue Monthly Dividend of $0.07 on March 2nd

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) announced a monthly dividend on Thursday, February 26th. Shareholders of record on Friday, February 27th will be given a dividend of 0.0667 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, February 27th. This is a 15.0% increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06.

Capital Group Short Duration Municipal Income ETF Stock Down 0.3%

CGSM stock opened at $26.60 on Friday. The company has a fifty day moving average price of $26.50 and a 200-day moving average price of $26.41. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.55 and a 52-week high of $26.68.

Capital Group Short Duration Municipal Income ETF Company Profile

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.