Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) Increases Dividend to $0.07 Per Share

Nomura Tax-Free USA Short Term ETF (NYSEARCA:STAX) announced a monthly dividend on Tuesday, September 29th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.0674 per share on Tuesday, October 6th. This represents a $0.81 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 13.5% increase from Nomura Tax-Free USA Short Term ETF’s previous monthly dividend of $0.0594.

Nomura Tax-Free USA Short Term ETF Stock Performance

Shares of NYSEARCA STAX opened at $24.66 on Wednesday. The stock’s 50 day moving average price is $25.18 and its two-hundred day moving average price is $25.35. Nomura Tax-Free USA Short Term ETF has a 52-week low of $24.66 and a 52-week high of $25.75.

About Nomura Tax-Free USA Short Term ETF

The Macquarie Tax-Free USA Short Term ETF (STAX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in municipal securities exempt from federal income taxes. It will hold short-term, investment grade and high yield Muni bonds issued in the US with effective maturity of between 1 and 5 years. STAX was launched on Nov 28, 2023 and is issued by Macquarie.