Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Raises Dividend to $0.11 Per Share

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) announced a monthly dividend on Thursday, February 26th. Stockholders of record on Friday, February 27th will be given a dividend of 0.1148 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, February 27th. This is a 3.1% increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11.

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

Shares of NYSEARCA:CGMS traded down $0.15 during midday trading on Friday, reaching $27.69. 458,886 shares of the company’s stock traded hands, compared to its average volume of 1,085,076. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.08 and a one year high of $28.08. The stock has a 50 day moving average of $27.73 and a 200 day moving average of $27.75.

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.