Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Increases Dividend to $0.14 Per Share

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) declared a monthly dividend on Monday, September 28th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.1402 per share on Wednesday, September 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Tuesday, September 29th. This is a 8.1% increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1297.

Capital Group U.S. Multi-Sector Income ETF Stock Performance

CGMS stock opened at $26.44 on Tuesday. The firm has a 50 day moving average price of $27.02 and a 200-day moving average price of $27.28. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.39 and a 52-week high of $27.99. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29.

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.