Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Increases Dividend to $0.06 Per Share

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) declared a monthly dividend on Monday, September 28th. Investors of record on Tuesday, September 29th will be given a dividend of $0.0640 per share on Wednesday, September 30th. This represents a $0.77 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 29th. This is a 10.3% increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0580.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of CGSM opened at $25.71 on Tuesday. Capital Group Short Duration Municipal Income ETF has a one year low of $25.66 and a one year high of $26.68. The stock has a 50-day moving average price of $26.19 and a 200 day moving average price of $26.30.

About Capital Group Short Duration Municipal Income ETF

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.