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 dividend on Wednesday, November 27th,NASDAQ Dividends reports. Stockholders of record on Friday, November 29th will be given 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 Price Performance

CGSM stock traded up $0.03 during midday trading on Friday, hitting $26.17. 30,853 shares of the company’s stock were exchanged, compared to its average volume of 126,182. Capital Group Short Duration Municipal Income ETF has a 12-month low of $25.54 and a 12-month high of $26.34. The firm has a 50 day moving average price of $26.17 and a 200-day moving average price of $26.02.

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.