YieldMax Sets JPO Weekly Distribution at $0.0467 Per Share

YieldMax announced a weekly distribution of $0.0467 per share for the YieldMax JP Option Income Strategy ETF (JPO) on Oct. 21, about 2.3% below its previous payout.

JPO's ex-distribution and record dates are Oct. 22, with payment scheduled for Oct. 23. Its previous $0.0478 distribution was announced Oct. 14.

The fund's listed distribution rate was 18.14% as of the Oct. 20 close. The rate annualizes the latest per-share distribution and divides it by the fund's most recent net asset value. It reflects a single payment, so it is not a guaranteed forward yield or a measure of total return. JPO's 30-day SEC yield was 2.46% for the period ended Sept. 30, excluding option income.

JPO seeks current income and indirect exposure to JPMorgan Chase & Co. (JPM) through a synthetic covered-call strategy or a synthetic covered-call-spread strategy. It does not invest directly in JPM shares. The strategies can limit gains if JPM shares rise while leaving the fund exposed to losses if they fall. Distributions can vary, may include return of capital and are not guaranteed.