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

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSGet Free Report) announced a dividend on Thursday, March 27th, NASDAQ Dividends reports. Investors of record on Friday, March 28th will be paid a dividend of 0.1376 per share on Monday, March 31st. The ex-dividend date of this dividend is Friday, March 28th. This is a 26.4% increase from Capital Group U.S. Multi-Sector Income ETF’s previous dividend of $0.11.

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

Capital Group U.S. Multi-Sector Income ETF stock traded down $0.10 during trading hours on Friday, hitting $27.30. 498,917 shares of the stock traded hands, compared to its average volume of 544,009. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.49 and a 1 year high of $28.00. The firm’s 50 day moving average price is $27.50 and its 200-day moving average price is $27.53. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 10.88 and a beta of 0.38.

About Capital Group U.S. Multi-Sector Income ETF

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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.

Further Reading

Dividend History for Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

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