X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) Raises Dividend to $0.51 Per Share

X-Square Municipal Income Tax Free ETF (NYSEARCA:ZTAX) announced a quarterly dividend on Wednesday, December 31st. Stockholders of record on Friday, January 2nd will be paid a dividend of 0.5072 per share on Monday, January 5th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Friday, January 2nd. This is a 753.9% increase from X-Square Municipal Income Tax Free ETF’s previous quarterly dividend of $0.06.

X-Square Municipal Income Tax Free ETF Trading Up 1.7%

Shares of NYSEARCA ZTAX opened at $25.63 on Friday. X-Square Municipal Income Tax Free ETF has a 1 year low of $23.40 and a 1 year high of $29.23. The company’s 50-day moving average is $25.76 and its 200 day moving average is $25.15.

About X-Square Municipal Income Tax Free ETF

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.