Capital Group Municipal Income ETF (NYSEARCA:CGMU) Increases Dividend to $0.07 Per Share

Capital Group Municipal Income ETF (NYSEARCA:CGMU) announced a dividend on Thursday, September 26th, NASDAQ reports. Shareholders of record on Friday, September 27th will be paid a dividend of 0.0672 per share on Monday, September 30th. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Capital Group Municipal Income ETF’s previous dividend of $0.05.

Capital Group Municipal Income ETF Price Performance

CGMU stock opened at $27.47 on Friday. The company’s 50-day moving average price is $27.32 and its two-hundred day moving average price is $27.04. Capital Group Municipal Income ETF has a 12 month low of $25.32 and a 12 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.