Capital Group Municipal Income ETF (NYSEARCA:CGMU) Increases Dividend to $0.08 Per Share

Capital Group Municipal Income ETF (NYSEARCA:CGMU) declared a dividend on Thursday, March 27th, NASDAQ Dividends reports. Stockholders of record on Friday, March 28th will be given a dividend of 0.0775 per share on Monday, March 31st. The ex-dividend date is Friday, March 28th. This is a 23.8% increase from Capital Group Municipal Income ETF’s previous dividend of $0.06.

Capital Group Municipal Income ETF Price Performance

CGMU traded up $0.01 on Friday, hitting $26.76. 830,009 shares of the company’s stock were exchanged, compared to its average volume of 566,286. The stock has a fifty day moving average of $27.07 and a two-hundred day moving average of $27.15. Capital Group Municipal Income ETF has a twelve month low of $26.56 and a twelve month high of $27.54.

About Capital Group Municipal Income ETF

The Capital Group Municipal Income ETF (CGMU) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds of varying maturities, exempt from regular federal income tax. CGMU was launched on Oct 25, 2022 and is managed by Capital Group.