Direxion Small Cap Bear 3X ETF (TZA) Dividend History
DivTrkr holds 22 recorded TZA dividend payments, running from March 20, 2018 to September 22, 2026 — 9 calendar years. Together those payments total $112.43 per share. TZA has most often paid quarterly.
TZA's payment rate did not increase in the most recent complete year, so its growth streak currently stands at zero.
TZA's payment rate fell in 2024, 2025. The steepest drop was -71.3%.
TZA is a fund, so its distribution is set from what the strategy earned in the period rather than by a board committing to a rate — payments move around by design. Only declines steeper than 25% are treated as material here, because smaller swings are routine rather than a change of policy.
TZA dividends by year
| Year | Total paid per share | Payments | Median payment | Growth |
|---|---|---|---|---|
| 2025 | $3.81 | 4 | $0.545 | -71.3% |
| 2024 | $7.00 | 4 | $1.90 | -27.5% |
| 2023 | $10.95 | 4 | $2.62 | — |
| 2020 | $6.64 | 1 (timing) | $6.64 | — |
| 2019 | $44.08 | 3 (timing) | $10.80 | -10.0% |
| 2018 | $38.40 | 3 (timing) | $12.00 | — |
How this growth is measured
Year-over-year growth here compares each year's median payment with the year before, not the calendar-year total. Ex-dividend dates drift, so a quarterly payer can book five ex-dates in one calendar year and four in the next. Comparing raw yearly totals would show a phantom cut of around 25% in a year where the company did nothing but pay slightly earlier. Using the median payment removes that distortion, and also ignores one-off special dividends.
Years marked “timing” booked a different number of payments than TZA's usual cadence, so their total is not directly comparable with neighbouring years.
Recent TZA dividend payments
| Ex-dividend date | Amount per share |
|---|---|
| September 22, 2026 | $0.473 |
| June 23, 2026 | $0.380 |
| March 24, 2026 | $0.700 |
| December 23, 2025 | $0.340 |
| September 23, 2025 | $0.530 |
| June 24, 2025 | $0.560 |
| March 25, 2025 | $2.38 |
| December 23, 2024 | $0.840 |
| September 24, 2024 | $1.47 |
| June 25, 2024 | $2.33 |
| March 19, 2024 | $2.36 |
| December 21, 2023 | $1.11 |
| September 19, 2023 | $2.88 |
| June 21, 2023 | $2.36 |
| March 21, 2023 | $4.60 |
| March 24, 2020 | $6.64 |
| December 23, 2019 | $7.20 |
| September 24, 2019 | $26.08 |
| March 19, 2019 | $10.80 |
| December 27, 2018 | $20.40 |
| September 25, 2018 | $12.00 |
| March 20, 2018 | $6.00 |
TZA dividend history questions
How many dividends has TZA paid?
DivTrkr has 22 recorded TZA dividend payments between March 20, 2018 and September 22, 2026, totalling $112.43 per share across 9 calendar years.
Has TZA ever cut its dividend?
Yes. The TZA per-payment rate fell in 2024, 2025, the steepest being -71.3%.
How fast is the TZA dividend growing?
There is not yet five full years of TZA payment history to measure a five-year growth rate.
How often does TZA pay a dividend?
TZA has most often paid quarterly — 4 payments a year. Individual years can show a different count when an ex-date drifts across a year boundary.
See the current TZA dividend yield and next ex-dividend date, or track TZA free with DivTrkr to see what this history pays on your own share count.