Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Declares Monthly Dividend of $0.17

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) declared a monthly dividend on Tuesday, December 23rd. Investors of record on Wednesday, December 24th will be paid a dividend of 0.1662 per share on Friday, December 26th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Wednesday, December 24th. This is a 31.3% increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13.

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

Shares of NYSEARCA:CGMS traded down $0.16 during midday trading on Wednesday, reaching $27.62. 128,957 shares of the company’s stock traded hands, compared to its average volume of 746,912. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.08 and a one year high of $28.08. The stock has a 50 day moving average of $27.72 and a 200 day moving average of $27.69. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34.

Capital Group U.S. Multi-Sector Income ETF Company Profile

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.