Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Plans Dividend Increase – $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 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 Stock Up 0.1 %

Shares of CGSM traded up $0.03 during mid-day trading on Friday, hitting $26.17. 30,853 shares of the company’s stock were exchanged, compared to its average volume of 126,182. The stock’s 50-day moving average is $26.17 and its 200-day moving average is $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.

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.