Is ZTAX or DVY a better dividend investment in 2026?

ZTAX currently yields 4.52% with a 5% 5-year dividend growth rate. DVY yields 3.46% with 5% growth. The better choice depends on your goal: ZTAX offers higher current income.

What is the dividend yield difference between ZTAX and DVY?

ZTAX has a forward dividend yield of 4.52% ($1.15/share annually). DVY yields 3.46% ($5.25/share annually). The yield gap is 1.06 percentage points.

Home › Compare › ZTAX vs DVY

ZTAX vs DVY: Dividend Comparison 2026

ZTAX yields 4.52% · DVY yields 3.46%● Live data

vsPost on X →

After 10 years · $10,000 invested · DRIP enabled

🏆 ZTAX wins by $1.9K in total portfolio value

INVESTMENT

TIME HORIZON10 years

ZTAX

● Live price

4.52%

Share price

$25.35

Annual div

$1.15

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$26.9K

Annual income

$603.76

Full ZTAX calculator →

DVY

● Live price

3.46%

Share price

$151.41

Annual div

$5.25

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$25.0K

Annual income

$432.91

Full DVY calculator →

Portfolio growth — ZTAX vs DVY

📍 ZTAX pulled ahead of the other in Year 1

Annual dividend income

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Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis Period	ZTAX	DVY
2008–2009 GFC	— No data	— No data
2020 Q1–Q2 COVID	— No data	— No data
2022 Q4 Rate Hike	— No data	— No data

Based on dividend payment history. "Increased" = dividend grew during crisis. "Maintained" = held within 3%. "Cut" = reduced by more than 3%.

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Dividend Calendar Overlap

Combined, ZTAX + DVY cover 0 of 12 months — good coverage

Jan

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Feb

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Mar

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Apr

—

May

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Jun

—

Jul

—

Aug

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Sep

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Oct

—

Nov

—

Dec

—

ZTAX pays

DVY pays

Both pay

Neither

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Tax Bracket Optimizer

Which stock is actually better after tax? Adjust your rate to find out.

ZTAX

Annual income on $10K today (after 15% tax)

$384.16/yr

After 10yr DRIP, annual income (after tax)

$513.20/yr

DVY

Annual income on $10K today (after 15% tax)

$294.47/yr

After 10yr DRIP, annual income (after tax)

$367.97/yr

At 15% tax rate, ZTAX beats the other by $145.22/year in after-tax income after 10 years on $10,000

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Lazy Portfolio Split Optimizer

What's the optimal mix of ZTAX + DVY for your $10,000?

ZTAX: 50%DVY: 50%

100% DVY50/50100% ZTAX

Portfolio after 10yr

$25.9K

Annual income

$518.33/yr

Blended yield

2.00%

🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

ZTAX buys

DVY buys

No recent congressional trades found for ZTAX or DVY in the last 90 days.

STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →

MetricZTAXDVY

Forward yield	4.52% ✓	3.46%
Annual dividend / share	$1.15	$5.25 ✓
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	0%	0%
Portfolio after 10y	$26.9K ✓	$25.0K
Annual income after 10y	$603.76 ✓	$432.91
Total dividends collected	$5.3K ✓	$3.9K
Payment frequency	quarterly	quarterly
Sector	Stock	ETF

Year-by-year: ZTAX vs DVY ($10,000, DRIP)

Year	ZTAX Portfolio	ZTAX Income/yr	DVY Portfolio	DVY Income/yr	Gap
1← crossover	$11,152	$451.95	$11,046	$346.43	+$106.00 → ZTAX
2	$12,404	$471.04	$12,177	$357.65	+$227.00 → ZTAX
3	$13,762	$489.64	$13,398	$368.47	+$364.00 → ZTAX
4	$15,233	$507.70	$14,715	$378.89	+$518.00 → ZTAX
5	$16,824	$525.21	$16,134	$388.90	+$690.00 → ZTAX
6	$18,544	$542.13	$17,662	$398.51	+$882.00 → ZTAX
7	$20,400	$558.46	$19,306	$407.71	+$1.1K → ZTAX
8	$22,403	$574.17	$21,074	$416.50	+$1.3K → ZTAX
9	$24,560	$589.28	$22,974	$424.90	+$1.6K → ZTAX
10	$26,883	$603.76	$25,015	$432.91	+$1.9K → ZTAX

ZTAX vs DVY: Complete Analysis 2026

ZTAX — Stock

Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes, if any) in tax-exempt municipal securities, the income from which is exempt from both federal and state income tax. The adviser expects to invest up to 100% of its assets in tax-exempt municipal securities issued by Puerto Rico, Guam and the U.S. Virgin Islands. Municipal securities may be of any maturity, duration or credit rating including those rated below investment grade (commonly known as “junk bonds”). The fund is non-diversified.

Full ZTAX Calculator →

DVY — ETF

The iShares Select Dividend ETF seeks to track the investment results of an index composed of relatively high dividend paying U.S. equities.

Full DVY Calculator →

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⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.