Capital Group Core Balanced ETF (NYSEARCA:CGBL) Announces Dividend Increase – $0.23 Per Share

Capital Group Core Balanced ETF (NYSEARCA:CGBL) declared a quarterly dividend on Wednesday, December 24th. Shareholders of record on Friday, December 26th will be paid a dividend of 0.2251 per share on Monday, December 29th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, December 26th. This is a 21.2% increase from Capital Group Core Balanced ETF’s previous quarterly dividend of $0.19.

Capital Group Core Balanced ETF Price Performance

Shares of CGBL opened at $35.82 on Friday. The firm has a 50-day simple moving average of $35.00 and a two-hundred day simple moving average of $34.32. The stock has a market cap of $3.89 billion, a PE ratio of 25.37 and a beta of 0.69. Capital Group Core Balanced ETF has a 1-year low of $28.22 and a 1-year high of $35.83.

Capital Group Core Balanced ETF Company Profile

The Capital Group Core Balanced ETF (CGBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that offers a balanced approach to total return and capital preservation. The fund employs an active asset allocation strategy to invest in equities, debts, money market instruments, and cash. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.