X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) Shareholders to Collect $0.05 Quarterly Dividend

X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) declared a quarterly dividend on Thursday, October 1st. Shareholders of record on Friday, October 2nd will be paid a dividend of $0.0464 per share on Monday, October 5th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, October 2nd. This is a 91.5% decrease from X-Square Municipal Income Tax Free ETF’s previous quarterly dividend of $0.5476.

X-Square Municipal Income Tax Free ETF Trading Down 0.6%

ZTAX stock traded down $0.15 during midday trading on Friday, reaching $24.02. 609 shares of the company traded hands, compared to its average volume of 2,397. The business has a 50 day moving average of $25.07 and a 200-day moving average of $25.35. X-Square Municipal Income Tax Free ETF has a 52-week low of $23.06 and a 52-week high of $28.65.

X-Square Municipal Income Tax Free ETF Company Profile

The X-Square Municipal Income Tax Free ETF (ZTAX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in USD-denominated municipal securities that are exempt from US federal, state, and local taxes. Securities could be of any maturity or credit quality issued by Puerto Rico, Guam and the US Virgin Islands. ZTAX was launched on May 19, 2023 and is managed by X-Square Capital.