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Vanguard Massachusetts Tax-Exempt Fund · NASDAQ
Price: $10.21 · Annual div: $0.37/share · Frequency: quarterly · Payout ratio: 50% · Ex-div: TBD
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Year your monthly dividend income covers each expense (based on current settings)
$10,000 in VMATX → $14.2K in 10 years · $41.23/month
The primary aim of this fund is to generate a substantial amount of current income, free from both federal and Massachusetts personal income taxes. Exclusively available to Massachusetts residents, it principally allocates its investments to high-quality municipal bonds issued by state and local governments within Massachusetts, along with regional and public financing authorities. Under normal operating conditions, a minimum of 80% of the fund's holdings will consist of securities that provide income exempt from federal and Massachusetts state taxes. Although there are no specific limitations on the maturities of individual bonds, the portfolio's dollar-weighted average maturity typically ranges from 10 to 25 years. With an average duration of roughly 6 to 10 years, its net asset value is considerably more responsive to changes in interest rates compared to bond funds with shorter durations. This makes it a suitable option for Massachusetts-based investors who desire income free from federal and state taxes and are comfortable assuming the associated interest rate risk.
This calculation uses the DividendFlow Engine v6.0. Data is verified daily against SEC filings and FMP real-time feeds to ensure projection accuracy.
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Real after-tax yield depends on where you live and how you hold VMATX.
| Account/Country | Tax Rate | After-tax Yield | Real Yield | $10K Annual Income |
|---|---|---|---|---|
| 🇺🇸 Roth IRA / 401k | 0% | 3.60% | 0.80% | $360 / yr |
| 🇺🇸 US Taxable (15%) ✓ | 15% | 3.06% | 0.26% | $306 / yr |
| 🇺🇸 US Taxable (20%) | 20% | 2.88% | 0.08% | $288 / yr |
| 🇬🇧 UK ISA | 0% | 3.60% | 0.80% | $360 / yr |
| 🇬🇧 UK Taxable | 8.75% | 3.29% | 0.49% | $329 / yr |
| 🇨🇦 TFSA | 0% | 3.60% | 0.80% | $360 / yr |
| 🇨🇦 CA Taxable | 25% | 2.70% | -0.10% | $270 / yr |
| 🇦🇺 Super (pension) | 15% | 3.06% | 0.26% | $306 / yr |
| 🇦🇺 AU Taxable | 30% | 2.52% | -0.28% | $252 / yr |
| 🇩🇪 DE Taxable | 26.375% | 2.65% | -0.15% | $265 / yr |
| 🇫🇷 FR Taxable | 30% | 2.52% | -0.28% | $252 / yr |
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
12-month CPI (US BLS via FMP economic-indicators).
Based on current dividend of $0.37/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
VMATX pays quarterly — 4 times per year. Next ex-div: TBD.
How VMATX compares to typical Financial Services averages.
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for VMATX sourced from FMP /financial-growth endpoint — real data, not estimates.
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the VMATX dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →
Vanguard Massachusetts Tax-Exempt Fund (VMATX) is currently trading at $10.21, 11% below its 52-week high. The current dividend yield is 3.60% based on an annual payout of $0.37 per share.
Vanguard Massachusetts Tax-Exempt Fund (VMATX) is a financial services stock currently trading at $10.21 with a dividend yield of 3.60%. The company pays an annual dividend of $0.37 per share. The payout ratio of 50% suggests the dividend is well-covered by earnings.
Auto-generated from live market data. For educational purposes only — not financial advice.
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