YieldMax AMZY Sets Weekly Distribution at 5.24 Cents, Down 4.7%

YieldMax AMZN Option Income Strategy ETF (AMZY) set its weekly distribution at $0.0524 per share, down 4.7% from the prior payout, with Oct. 22 marking the record and ex-dividend dates.

The previous weekly distribution was $0.0550 per share. The fund’s next payment is scheduled for Oct. 23. Distributions are not guaranteed.

AMZY’s distribution rate was 25.96% as of the Oct. 20 close. The rate annualizes the latest payout against the fund’s net asset value, reflects one distribution and does not represent total return. Its 30-day SEC yield was 3.12% for the period ended Sept. 30; that measure reflects net investment income and excludes option income.

AMZY sells call spreads on Amazon.com Inc. (AMZN) as part of a strategy to seek weekly income. An investment in AMZY is not an investment in Amazon shares.