American Funds Capital Income Builder is cutting its quarterly dividend by about 20% in mid-March 2021. This action seems reasonable in light of low equity and bond yields, and doesn't impact the fund's Above Average Process rating or current Morningstar Analyst Ratings across its share classes.
Will CAIBX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CAIBX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the CAIBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of CAIBX’s parent organization’s priorities and whether they’re in line with investors’ interests.