CGDV Dividend: Yield, Schedule, and What to Expect

Last updated July 2026

Short answer

CGDV's approximate 1.19% yield (as of August 2026) makes it a growth-first, low-yield fund, about $119 a year on a $10,000 position before tax. It tracks Actively managed, no tracked index and passes through the income its holdings generate, usually quarterly, net of the 0.33% expense ratio. If income is your goal, look to dedicated dividend funds for more; CGDV is built for total return, not yield. If total return is the goal, the yield matters less than cost and what it holds. Yield is a recent snapshot, not a promise; verify the current figure with Capital Group.

How does the CGDV dividend work?

CGDV holds what is in Actively managed, no tracked index, collects the income those holdings generate, and distributes it to shareholders on the schedule the fund sets, most often quarterly, net of its 0.33% fee. The yield you see is trailing distributions divided by price, so it drifts as both change: a falling price raises the quoted yield without a single extra dollar being paid out.

CGDV is actively managed rather than tracking an index, and invests in US large-cap value. The ten largest positions are roughly 41% of assets, with NVDA the biggest at 5.9%. At 0.33% it costs more than the typical large value fund, nearer 0.27%. The distribution yield is about 1.19%. It is relatively new, launched in 2022.

What CGDV's dividend pays on a real position

Approximate yield: 1.19% (August 2026).
Income on $10,000: roughly $119 a year before tax, or about $1,190 on $100,000.
Versus the market: the S&P 500 yields around 1.2%, so CGDV pays about the same.
Schedule: set by the fund, most often quarterly. Capital Group publishes the exact ex-dividend and pay dates.
Fee: the 0.33% expense ratio comes out before you receive anything, so the yield above is already net of it.

How CGDV distributions are taxed

A large share of CGDV's distributions are usually qualified dividends, taxed at long-term capital-gains rates rather than as ordinary income, provided the holding-period tests are met by both the fund and you. Some portion can still be ordinary, and REIT or option-income components generally are. Capital Group's annual 1099 shows the actual split. Inside an IRA, Roth, or 401(k) none of it applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.

If income is your goal, compare CGDV against dividend-focused funds. See the best dividend ETFs roundup and best ETFs for monthly income, or analyze how CGDV's income fits your real portfolio in Walnut.

The bottom line on the CGDV dividend

The bottom line: at an approximate 1.19% yield, CGDV is a growth-first, low-yield fund. If income is your goal, dedicated dividend funds pay more; CGDV is the wrong tool for yield and the right one for total-return Actively managed, no tracked index exposure. If total return is the goal, the yield matters less than cost and what it holds. Treat the figure as a moving snapshot, not a fixed rate, and verify the current yield with Capital Group.

More on CGDV

What is CGDV? (holdings, cost, performance, and the themes it covers)
Is CGDV a buy? (what you are buying, the case for it, and what to weigh)

Investing in CGDV with AI

Connect the broker you already use and ask Walnut's AI how CGDV fits what you actually hold: what it overlaps with, what it leaves you exposed to, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.

See how it fits your portfolio

FAQ

What is CGDV's dividend yield?

Approximately 1.19% as of August 2026. On a $10,000 position that is roughly $119 of distributions a year before tax. The S&P 500 yields around 1.2%, so CGDV pays about the same as the broad market. Yield is trailing distributions divided by price, so it moves when either changes; verify the current figure on Capital Group's fund page.

How often does CGDV pay a dividend?

Equity ETFs like CGDV most often distribute quarterly, though the schedule is set by the fund, not by a rule, and some funds pay monthly, semi-annually, or annually. Capital Group publishes CGDV's distribution calendar with the exact ex-dividend and pay dates; that is the authoritative source. The mechanic that matters either way: you have to own the shares before the ex-dividend date to receive a given distribution.

Does CGDV pay monthly dividends?

Probably not. CGDV is an equity fund, and equity ETFs generally distribute quarterly; monthly distributions are the norm for bond, Treasury, and option-income funds instead. Check Capital Group's distribution calendar for CGDV's actual schedule, and see our roundup of the best ETFs for monthly income if the cadence is what you are after.

Where does CGDV's dividend come from?

CGDV tracks Actively managed, no tracked index and holds names such as NVDA, MSFT, AVGO, RCL, META. The fund collects the income those holdings generate and passes it through to you. The 0.33% expense ratio is taken out along the way, so the yield you see is already net of the fee: you do not pay it separately.

When is CGDV's ex-dividend date?

Capital Group sets and publishes it on CGDV's fund page, and it moves with each distribution, so we do not quote a fixed date here. What it means is the cutoff: buy on or after the ex-dividend date and the seller keeps that distribution. Buying just before the ex-date to capture a payment is not free money, because the fund's price typically drops by roughly the distribution amount when it goes ex.

Can I reinvest CGDV dividends?

Yes. Most brokers let you turn on automatic dividend reinvestment (a DRIP) so CGDV distributions buy more shares, often fractional ones, without you doing anything. It compounds the position over time. It does not change the tax treatment: in a taxable account the distribution is taxable in the year it is paid, whether you reinvest it or take the cash.

Is CGDV a good choice for dividend income?

Walnut is informational, not investment advice. CGDV yields roughly 1.19%, which is modest, so income is a side effect rather than the point. At that rate, $100,000 in CGDV generates roughly $1,190 a year before tax. If income is the goal, dedicated dividend and income ETFs target more; CGDV is built for total return. See the best dividend ETFs roundup to compare.

Are CGDV dividends qualified?

Usually a large share of them are. Dividends passed through from US companies are qualified, and so taxed at long-term capital-gains rates, when the fund and you both meet the holding-period tests. Some portion can still be ordinary income, and option-income and REIT distributions generally are. Capital Group's annual 1099 shows the actual split. In an IRA or Roth the distinction does not matter. This is not tax advice.

Walnut is informational, not investment advice. Dividend yields and schedules are approximate, stamped to August 2026, and change; verify current figures with Capital Group or your broker.