iShares Short-Term California Muni Active ETF (NASDAQ:CALI) to Issue Monthly Dividend of $0.11

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) announced a monthly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Shareholders of record on Wednesday, April 1st will be paid a dividend of 0.106 per share on Tuesday, April 7th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, April 1st. This is a 7.1% increase from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.10.

iShares Short-Term California Muni Active ETF Price Performance

CALI stock traded down $0.07 during midday trading on Wednesday, reaching $50.36. The company had a trading volume of 27,561 shares, compared to its average volume of 74,374. The firm has a 50-day moving average price of $50.59 and a 200-day moving average price of $50.56. The company has a market capitalization of $259.35 million, a P/E ratio of -149.58 and a beta of 0.06. iShares Short-Term California Muni Active ETF has a 1 year low of $49.57 and a 1 year high of $50.79.

iShares Short-Term California Muni Active ETF Company Profile

The iShares Short-Term California Muni Active ETF (CALI) is an exchange-traded fund that mostly invests in investment grade fixed income. CALY is an actively managed fund that primarily invests in municipal securities exempt from federal income taxes. It will hold short-term, investment grade Muni bonds issued in California while aiming for an effective portfolio duration equal to or less than 1.5 years. CALI was launched on Jul 11, 2023 and is issued by BlackRock.