Capital Group Municipal Income ETF (NYSEARCA:CGMU) to Issue Dividend Increase – $0.09 Per Share

Capital Group Municipal Income ETF (NYSEARCA:CGMU) announced a monthly dividend on Tuesday, December 23rd. Stockholders of record on Wednesday, December 24th will be given a dividend of 0.0872 per share on Friday, December 26th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, December 24th. This is a 26.6% increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU stock traded down $0.10 on Wednesday, reaching $27.35. The company had a trading volume of 168,881 shares, compared to its average volume of 697,322. The company has a 50-day moving average of $27.41 and a 200-day moving average of $27.07. Capital Group Municipal Income ETF has a 12 month low of $25.83 and a 12 month high of $27.56.

Capital Group Municipal Income ETF Company Profile

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.