Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Increases Dividend to $0.07 Per Share

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) announced a dividend on Thursday, March 27th, NASDAQ Dividends reports. Shareholders of record on Friday, March 28th will be paid a dividend of 0.0681 per share on Monday, March 31st. The ex-dividend date is Friday, March 28th. This is a 34.9% increase from Capital Group Short Duration Municipal Income ETF’s previous dividend of $0.05.

Capital Group Short Duration Municipal Income ETF Price Performance

Capital Group Short Duration Municipal Income ETF stock opened at $25.99 on Friday. The firm has a 50 day simple moving average of $26.11 and a 200-day simple moving average of $26.12. Capital Group Short Duration Municipal Income ETF has a 1-year low of $25.54 and a 1-year high of $26.34.

Capital Group Short Duration Municipal Income ETF Company Profile

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.