Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) to Issue Monthly Dividend of $0.17

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) announced a monthly dividend on Tuesday, December 23rd. Stockholders of record on Wednesday, December 24th will be given a dividend of 0.1662 per share on Friday, December 26th. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Wednesday, December 24th. This is a 31.3% increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.6%

Shares of CGMS stock traded down $0.16 during mid-day trading on Wednesday, reaching $27.62. The company’s stock had a trading volume of 83,947 shares, compared to its average volume of 746,767. The firm has a market capitalization of $3.50 billion, a PE ratio of 10.71 and a beta of 0.34. The company’s 50 day simple moving average is $27.72 and its 200-day simple moving average is $27.69. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.08 and a 12-month high of $28.08.

Capital Group U.S. Multi-Sector Income ETF Company Profile

The Capital Group U.S. Multi-Sector Income ETF (CGMS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of current income from an actively managed fund of US corporate debts with varying maturities and credit quality. CGMS was launched on Oct 25, 2022 and is managed by Capital Group.