BlackRock’s iShares California Muni Bond ETF (CMF) will distribute $0.151075 per share in November, up from October’s $0.141319 and setting a larger monthly cash payment for fund shareholders on Nov. 5.
BlackRock lists Nov. 2 as both the record date and ex-dividend date. Shareholder eligibility is determined on the record date, and a purchase on or after the ex-dividend date does not qualify for payment.
The fund classifies the full amount as income. It allocates none to gains, whether short or long term, or to return of capital.
CMF distributes monthly and follows an index of investment-grade municipal bonds issued in California. BlackRock listed the fund’s 30-day SEC yield at 3.72% on Oct. 29. Payment is scheduled for Nov. 5.
