Add as a preferred source on GoogleYieldMax R2000 0DTE ETF Declares $0.2332 Weekly Distribution
The payout is down from $0.2413 the prior week and is estimated to consist entirely of return of capital.
YieldMax R2000 0DTE Covered Call Strategy ETF (RDTY) set a $0.2332 weekly distribution, a smaller payout than last week, with payment scheduled for Oct. 22.
The fund declared the distribution on Oct. 20. Wednesday, Oct. 21, was both the ex-dividend date and the record date. The previous weekly payout was $0.2413 per share, declared Oct. 13.
RDTY estimates that the entire distribution will be return of capital, with no income component. The final tax classification will be determined on Form 1099-DIV.
The fund seeks current income and exposure to the Russell 2000 Index’s price return. Its strategy uses out-of-the-money call options on the index that expire the same day.
RDTY’s 36.41% distribution rate annualizes the latest payout using the Oct. 19 close; it is not the fund’s total return. The 30-day SEC yield was -0.77% for the period ended Sept. 30, excluding option income. The distribution is scheduled for payment Thursday, Oct. 22.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.