YieldMax GOOY Weekly Distribution Falls 19.2% to $0.0571

The YieldMax GOOGL Option Income Strategy ETF (GOOY) set its weekly distribution at $0.0571 per share for Oct. 23, a 19.2% cut from its previous payment.

The fund’s ex-dividend and record dates are both Oct. 22. The new amount is $0.0136 below the $0.0707 distribution declared Oct. 14.

The fund’s distribution rate was 25.16% as of the Oct. 20 market close. The rate annualizes the latest payment against net asset value and does not represent total return. GOOY’s 30-day SEC yield was 3.23% for the period ended Sept. 30 and excludes option income.

GOOY seeks weekly income by selling call spreads on Alphabet Inc. (GOOGL) while maintaining exposure to its shares. The strategy may limit gains if GOOGL rises, while investors remain exposed to potential losses if it falls. Distributions are not guaranteed.

Payment is scheduled for Oct. 23.