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

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) declared a dividend on Wednesday, November 27th,NASDAQ Dividends reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.0608 per share on Monday, December 2nd. The ex-dividend date is Friday, November 29th. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous dividend of $0.03.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of CGSM traded down $0.03 during trading hours on Friday, hitting $26.17. The stock had a trading volume of 30,853 shares, compared to its average volume of 126,182. The firm has a 50-day moving average price of $26.17 and a 200 day moving average price of $26.02. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $25.54 and a fifty-two week 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.