T. Rowe Price Intermediate Municipal Income ...

T. Rowe Price Intermediate Municipal Income ETF (TAXE) Announces $0.15 Dividend — Key Dates

T. Rowe Price Intermediate Municipal Income ETF (TAXE) declares $0.1486 dividend. See ex-dividend, record and payment dates and what investors need to know.

T. Rowe Price Intermediate Municipal Income ETF (NASDAQ: TAXE) has announced a dividend distribution, offering income-focused investors another yield opportunity. The fund declared a dividend of $0.1486 per share, effectively presented as $0.15, signaling continued distributions from this municipal bond ETF.

Announcement and payment timeline
The dividend was announced on Wednesday, March 25. The fund’s ex-dividend date is Thursday, March 26, and investors of record on that same date will receive the payment. The dividend will be paid on Monday, March 30. Shareholders who want to capture this distribution should own TAXE shares before the ex-dividend date—typically by the close of trading on March 25—to be recorded as shareholders of record.

What this means for investors
TAXE focuses on intermediate-term municipal bonds, which often provide federally tax-exempt income. While the distribution amount—$0.1486 per share—may seem modest, municipal bond ETFs are commonly used to generate regular, tax-advantaged income within a diversified fixed-income allocation. Investors should consider how the dividend fits into their overall income strategy and whether municipal bond exposure aligns with their tax situation.

Things to check before trading
Before making any buy or sell decisions around the ex-dividend date, investors should review TAXE’s recent yield, net asset value (NAV), expense ratio, and total return history. Remember that buying a fund just to collect a dividend does not guarantee a net gain; share prices typically adjust on the ex-dividend date to reflect the payout. Also consider state tax implications—some municipal bond income may be subject to state or local taxes depending on bond holdings.

Investor takeaways
- Dividend per share: $0.1486 (rounded $0.15)
- Announcement date: March 25
- Ex-dividend date: March 26
- Record date: March 26
- Payment date: March 30

For personalized guidance, consult a financial advisor or tax professional to understand how TAXE’s distribution fits your portfolio and tax situation. Monitoring upcoming dividends and the ETF’s performance will help you make informed income-investing decisions.

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