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

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) announced a monthly dividend on Thursday, October 29th. Shareholders 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 annualized dividend and a yield of 2.9%. The ex-dividend date 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 Down 0.2%

Shares of CGSM traded down $0.04 during trading hours on Friday, hitting $26.16. 373,040 shares of the stock were exchanged, compared to its average volume of 367,346. The stock’s 50-day moving average price is $26.02 and its two-hundred day moving average price is $26.31. Capital Group Short Duration Municipal Income ETF has a 12-month low of $25.59 and a 12-month 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.