Direxion Daily Small Cap Bear 3X Shares (TZA) Dividend History
TZA latest distribution
Paid. Next quarterly distribution expected around mid-December 2026 (not yet announced).
- 3.90%trailing 12-month yield
- $1.90paid in the last 12 months
- Quarterly4 payments a year
- 2018paying since
- −10.5%5-year growth a year
TZA dividend income calculator
- Income a year
- $190
- Each payment
- $47
- Value of the shares
- $4,869
- Yield
- 3.90%
At the latest close; trailing 12-month distributions of $1.90 per share, before tax.
TZA distributions per share by year
Calendar years by ex-dividend date. Yield = the year's distributions divided by the year-end price.
TZA distribution payments
Each bar is one payment, by ex-dividend month (last 22 payments).
TZA distributions by year
| Year | Per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2026to date | $1.56 | — | — | 3 |
| 2025 | $3.81 | −45.5% | 5.08% | 4 |
| 2024 | $7.00 | −36.1% | 5.40% | 4 |
| 2023 | $10.95 | — | 5.49% | 4 |
| 2020 | $6.65 | −84.8% | 1.21% | 1 |
Full history in the distribution table below.
TZA yield on cost
| Bought | Paid | Yield on cost | Paid out since | % of price |
|---|---|---|---|---|
| 1 year ago | $76.90 | 2.47% | $1.90 | 2.5% |
| 3 years ago | $377.80 | 0.50% | $13.48 | 3.6% |
| 5 years ago | $272.30 | 0.70% | $23.32 | 8.6% |
| 10 years ago | $11,540.01 | 0.02% | $112.13 | 1.0% |
Trailing 12-month distributions as a yield on the price paid then, and the distributions one share has paid since (before tax).
TZA yield vs similar ETFs
| ETF | Fund | Yield | Expense ratio |
|---|---|---|---|
| TZA | Direxion Daily Small Cap Bear 3X Shares | 3.00% | 0.98% |
| SPY | SPDR S&P 500 ETF | 0.99% | 0.09% |
| VTI | Vanguard Total Stock Market ETF | 1.03% | 0.03% |
| SCHD | Schwab U.S. Dividend Equity ETF | 3.38% | 0.05% |
| VYM | Vanguard High Dividend Yield ETF | 2.42% | 0.04% |
| QQQ | Invesco QQQ ETF | 0.42% | 0.17% |
| IWM | iShares Russell 2000 ETF | 0.97% | 0.19% |
Trailing 12-month distribution yield as reported by EODHD.
TZA distribution history
22 payments| Ex-dividend date | Record date | Payment date | Amount | Change |
|---|---|---|---|---|
| 2026-09-22 | 2026-09-22 | 2026-09-29 | $0.4733 | +25.6% |
| 2026-06-23 | 2026-06-23 | 2026-06-30 | $0.3768 | −46.8% |
| 2026-03-24 | 2026-03-24 | 2026-03-31 | $0.7088 | +107.9% |
| 2025-12-23 | 2025-12-23 | 2025-12-31 | $0.3410 | −35.8% |
| 2025-09-23 | 2025-09-23 | 2025-09-30 | $0.5311 | −5.7% |
| 2025-06-24 | 2025-06-24 | 2025-07-01 | $0.5632 | −76.3% |
| 2025-03-25 | 2025-03-25 | 2025-04-01 | $2.3778 | +183.3% |
| 2024-12-23 | 2024-12-23 | 2024-12-31 | $0.8393 | −43.1% |
Show all 22 distributions
| Ex-dividend date | Record date | Payment date | Amount | Change |
|---|---|---|---|---|
| 2024-09-24 | 2024-09-24 | 2024-10-01 | $1.4749 | −36.6% |
| 2024-06-25 | 2024-06-25 | 2024-07-02 | $2.3275 | −1.2% |
| 2024-03-19 | 2024-03-20 | 2024-03-26 | $2.3558 | +113.0% |
| 2023-12-21 | 2023-12-22 | 2023-12-29 | $1.1062 | −61.6% |
| 2023-09-19 | 2023-09-20 | 2023-09-26 | $2.8839 | +22.3% |
| 2023-06-21 | 2023-06-22 | 2023-06-28 | $2.3574 | −48.8% |
| 2023-03-21 | 2023-03-22 | 2023-03-28 | $4.6022 | −30.8% |
| 2020-03-24 | 2020-03-25 | 2020-03-31 | $6.6528 | −7.3% |
| 2019-12-23 | 2019-12-24 | 2019-12-31 | $7.1736 | −72.5% |
| 2019-09-24 | 2019-09-25 | 2019-10-01 | $26.0728 | +146.0% |
| 2019-03-19 | 2019-03-20 | 2019-03-26 | $10.6000 | −47.6% |
| 2018-12-27 | 2018-12-28 | 2019-01-04 | $20.2320 | +68.2% |
| 2018-09-25 | 2018-09-26 | 2018-10-02 | $12.0320 | +99.1% |
| 2018-03-20 | 2018-03-21 | 2018-03-27 | $6.0440 | — |
Amounts per share. Highlighted rows are declared but not yet paid.
TZA dividend overview
Direxion Daily Small Cap Bear 3X Shares pays quarterly distributions made up of income from its holdings, less fund expenses. Over the past 12 months it paid $1.90 per share, a yield of 3.90% at the latest close of $48.69. In 2025 it paid $3.81 per share, down 45.5% from 2024. Over five years distributions changed −10.5% a year.
Payment amounts vary because they pass through what the fund earned during the period. ETF distributions may include qualified dividends, ordinary income, return of capital and capital gains; the fund's annual tax statement has the breakdown.
Related: TZA chart, TZA performance, TZA overview.
TZA dividends FAQ
Does TZA pay a dividend?
Yes. TZA pays quarterly distributions and has paid them since 2018. The most recent was $0.4733 per share with an ex-dividend date of September 22, 2026, payable September 29, 2026.
What is the TZA dividend yield?
TZA paid $1.90 per share over the past 12 months, a trailing yield of 3.90% at the latest close of $48.69.
When is the next TZA dividend?
The next quarterly distribution has not been announced yet. Based on the usual schedule the next ex-dividend date should fall around mid-December 2026.
How often does TZA pay dividends?
TZA pays distributions quarterly, 4 times a year.
How much did TZA pay in dividends in 2025?
TZA paid $3.81 per share in 4 distributions in 2025.
How much income does 100 shares of TZA pay?
100 shares of TZA would have paid about $190 over the past 12 months, before tax.