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) declared a dividend on Thursday, March 27th, NASDAQ Dividends reports. Stockholders of record on Friday, March 28th will be given a dividend of 0.0681 per share on Monday, March 31st. The ex-dividend date of this dividend 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 Stock Down 0.1 %

CGSM traded down $0.02 on Friday, hitting $25.99. The company had a trading volume of 132,232 shares, compared to its average volume of 153,563. The company’s fifty day moving average price is $26.11 and its 200 day moving average price is $26.13. Capital Group Short Duration Municipal Income ETF has a 1 year low of $25.54 and a 1 year high of $26.34.

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.