YieldMax Announces $0.0594 Weekly Distribution for YMAX

YieldMax has announced a $0.0594-per-share weekly distribution for the YieldMax Universe Fund of Option Income ETFs (YMAX), with payment scheduled for Oct. 15.

The fund set Oct. 14 as both the ex-dividend and record date. The announcement was made at 6:55 a.m. ET (10:55 UTC) on Oct. 13.

YMAX invests across YieldMax option-income ETFs and trades on NYSE Arca. Its allocations are adjusted through a momentum-based methodology rather than fixed equal weighting.

The announcement listed a 40.71% distribution rate and an 87.45% 30-day SEC yield. YMAX’s gross expense ratio is 1.33%.

YieldMax said, “Distributions are not guaranteed” and “Distributions are likely to vary greatly in amount.”