Capital Group Dividend Value ETF (NYSEARCA:CGDV) Raises Dividend to $0.15 Per Share

Capital Group Dividend Value ETF (NYSEARCA:CGDV) declared a quarterly dividend on Tuesday, September 29th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.1522 per share on Thursday, October 1st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 3.5% increase from Capital Group Dividend Value ETF’s previous quarterly dividend of $0.1471.

Capital Group Dividend Value ETF Price Performance

CGDV opened at $49.18 on Wednesday. The firm has a market capitalization of $38.50 billion, a PE ratio of 26.59 and a beta of 0.88. Capital Group Dividend Value ETF has a fifty-two week low of $41.24 and a fifty-two week high of $51.63. The company’s 50-day moving average is $49.86 and its 200 day moving average is $47.86.

Capital Group Dividend Value ETF Company Profile

The Capital Group Dividend Value ETF (CGDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in stocks of dividend-paying, large- and mid-cap US companies. The fund seeks to produce income exceeding the average yield on US stocks. CGDV was launched on Feb 22, 2022 and is managed by Capital Group.