Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Announces Monthly Dividend of $0.12

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) announced a monthly dividend on Thursday, October 29th. Investors of record on Friday, October 30th will be given a dividend of $0.1176 per share on Monday, November 2nd. This represents a $1.41 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Friday, October 30th. This is a 16.1% decrease from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1402.

Capital Group U.S. Multi-Sector Income ETF Stock Performance

CGMS stock traded down $0.12 during midday trading on Friday, reaching $26.43. The stock had a trading volume of 449,308 shares, compared to its average volume of 1,093,230. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.09 and a 52-week high of $27.86. The stock has a market cap of $5.53 billion, a PE ratio of 10.71 and a beta of 0.30. The firm has a fifty day simple moving average of $26.67 and a two-hundred day simple moving average of $27.26.

About Capital Group U.S. Multi-Sector Income ETF

The Capital Group U.S. Multi-Sector Income ETF (CGMS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of current income from an actively managed fund of US corporate debts with varying maturities and credit quality. CGMS was launched on Oct 25, 2022 and is managed by Capital Group.