Capital Group Municipal Income ETF (CGMU) to Issue Monthly Dividend of $0.08 on March 2nd

Capital Group Municipal Income ETF (NYSEARCA:CGMU) declared a monthly dividend on Thursday, February 26th. Investors of record on Friday, February 27th will be paid a dividend of 0.0827 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, February 27th. This is a 22.5% increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

Capital Group Municipal Income ETF Trading Down 0.2%

CGMU opened at $27.86 on Friday. The firm’s fifty day moving average is $27.61 and its two-hundred day moving average is $27.37. Capital Group Municipal Income ETF has a twelve month low of $25.83 and a twelve month high of $27.93.

About Capital Group Municipal Income ETF

The Capital Group Municipal Income ETF (CGMU) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds of varying maturities, exempt from regular federal income tax. CGMU was launched on Oct 25, 2022 and is managed by Capital Group.