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X-Square Municipal Income ETF · AMEX
Price: $24.72 · Annual div: $1.16/share · Frequency: quarterly · Payout ratio: N/A · Ex-div: 2026-10-02
ZTAX (X-Square Municipal Income ETF) has a dividend yield of 4.69%, based on an annual dividend of $1.16 per share and a price of $24.72. Over the last 12 months it paid $1.16 per share — a trailing yield of 4.69%. Dividends are paid quarterly.
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Year your monthly dividend income covers each expense (based on current settings)
| Ex-Dividend Date | Payment Date | Amount / Share | TTM Yield | Stock Price |
|---|---|---|---|---|
| 2026-10-02Latest | 2026-10-05 | $0.0464 | 4.80% | $24.17 |
| 2026-07-02 | 2026-07-06 | $0.5476 | 4.49% | $26.15 |
| 2026-04-02 | 2026-04-06 | $0.0594 | 4.52% | $25.35 |
| 2026-01-02 | 2026-01-05 | $0.5072 | 4.46% | $25.71 |
| 2025-10-02 | 2025-10-03 | $0.0594 | 4.75% | $24.73 |
| 2025-07-02 | 2025-07-07 | $0.5197 | 4.72% | $25.08 |
| 2025-04-02 | 2025-04-04 | $0.0594 | 4.78% | $25.16 |
| 2025-01-02 | 2025-01-03 | $0.5365 | 4.39% | $27.10 |
| 2024-10-02 | 2024-10-03 | $0.0690 | 4.68% | $26.35 |
| 2024-07-01 | 2024-07-02 | $0.5365 | 6.68% | $25.86 |
| 2024-04-01 | 2024-04-03 | $0.0465 | 4.38% | $27.19 |
| 2024-01-02 | 2024-01-04 | $0.5820 | 4.41% | $26.00 |
| 2023-09-29 | 2023-10-03 | $0.2037 | 2.24% | $25.20 |
| 2023-07-20 | 2023-07-24 | $0.3600 | 1.40% | $25.63 |
The X-Square Municipal Income ETF (ZTAX) primarily allocates a minimum of 80% of its investment capital (inclusive of any assets acquired through borrowing) to municipal debt instruments that offer exemption from both federal and state income tax. Management anticipates that the fund could potentially direct its entire portfolio, up to 100% of its assets, into tax-exempt municipal bonds issued by specific U.S. territories, namely Puerto Rico, Guam, and the U.S. Virgin Islands. These municipal securities may encompass a broad range of maturities, durations, and credit qualities, extending to and including those rated below investment grade, frequently known as "junk bonds." A key characteristic of this fund is its non-diversified structure.
Forward dividend yield from the latest data · open any DRIP calculator
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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Ready to invest? Open ZTAX position with:
Real after-tax yield depends on where you live and how you hold ZTAX.
| Account/Country | Tax Rate | After-tax Yield | Real Yield | $10K Annual Income |
|---|---|---|---|---|
| 🇺🇸 Roth IRA / 401k | 0% | 4.69% | 1.89% | $469 / yr |
| 🇺🇸 US Taxable (15%) ✓ | 15% | 3.99% | 1.19% | $399 / yr |
| 🇺🇸 US Taxable (20%) | 20% | 3.75% | 0.95% | $375 / yr |
| 🇬🇧 UK ISA | 0% | 4.69% | 1.89% | $469 / yr |
| 🇬🇧 UK Taxable | 8.75% | 4.28% | 1.48% | $428 / yr |
| 🇨🇦 TFSA | 0% | 4.69% | 1.89% | $469 / yr |
| 🇨🇦 CA Taxable | 25% | 3.52% | 0.72% | $352 / yr |
| 🇦🇺 Super (pension) | 15% | 3.99% | 1.19% | $399 / yr |
| 🇦🇺 AU Taxable | 30% | 3.28% | 0.48% | $328 / yr |
| 🇩🇪 DE Taxable | 26.375% | 3.45% | 0.65% | $345 / yr |
| 🇫🇷 FR Taxable | 30% | 3.28% | 0.48% | $328 / 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 $1.16/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
ZTAX pays quarterly — 4 times per year. Ex-div: 2026-10-02.
How ZTAX compares to typical Financial Services averages.
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for ZTAX sourced from FMP /financial-growth endpoint — real data, not estimates.
Compare ZTAX with peers: ZTAX vs BMED · ZTAX vs ELIS · ZTAX vs FDWM
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 ZTAX 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 →
X-Square Municipal Income ETF (ZTAX) is currently trading at $24.72, 14% below its 52-week high. The current dividend yield is 4.69% based on an annual payout of $1.16 per share.
X-Square Municipal Income ETF (ZTAX) is a financial services stock currently trading at $24.72 with a dividend yield of 4.69%. It pays an annual dividend of $1.16 per share.
Auto-generated from live market data. For educational purposes only — not financial advice.
Illustrative examples of common use cases, written by the DividendFlow team — not customer reviews.
Yield history: over the last 10 payments, ZTAX's 12-month yield ranged from 4.39% to 6.68%. Full ZTAX dividend history ↓
With dividends reinvested, a ZTAX position grows its share count by about 4.69% in the first year at today's price and yield. If the yield stays near 4.69%, DRIP doubles your number of shares in about 16 years without adding new money.
| Year | Shares bought by dividends | Total shares | Dividend income | Position value | Yield on cost |
|---|---|---|---|---|---|
| 1 | 18.99 | 423.52 | $469 | $10,469 | 4.69% |
| 3 | 20.82 | 464.23 | $515 | $11,476 | 5.15% |
| 5 | 22.82 | 508.84 | $564 | $12,579 | 5.64% |
| 10 | 28.70 | 640.04 | $710 | $15,822 | 7.10% |
| 20 | 45.41 | 1012.67 | $1,123 | $25,033 | 11.23% |
DRIP rate = share-count growth from reinvested dividends. Simplified yearly model before taxes and fees; adjust every assumption in the calculator above. Not financial advice. How DRIP and the DRIP rate work →
ZTAX (X-Square Municipal Income ETF) has a dividend yield of 4.69%, based on an annual dividend of $1.16 per share and a price of $24.72. Over the last 12 months it paid $1.16 per share — a trailing yield of 4.69%. Dividends are paid quarterly.
$10,000 in ZTAX at a 4.69% yield pays about $469 a year ($39 a month) before taxes. With DRIP, reinvested dividends buy more shares and that income compounds.
With dividends reinvested, a ZTAX position grows its share count by about 4.69% in the first year at today's price and yield. If the yield stays near 4.69%, DRIP doubles your number of shares in about 16 years without adding new money.
Enter your starting amount, monthly contribution and time horizon in the ZTAX DRIP calculator at the top of this page. It reinvests each payout into new shares at the projected price, grows the dividend at the rate you choose and shows yearly income, share count, portfolio value and yield on cost. You can switch DRIP off to compare.
ZTAX's next ex-dividend date has not been announced yet; the most recent one was 2026-10-02. ZTAX pays dividends quarterly. Buy before the ex-dividend date to receive the next payment.
ZTAX's dividend changed -1.2% over the last year. It has less than five years of dividend history in our data, so there is no five-year growth rate yet.
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