YieldMax S&P 500 0DTE Covered Call ETF Sets $0.1811 Distribution

The YieldMax S&P 500 0DTE Covered Call ETF (SDTY) set a $0.1811 weekly distribution per share, $0.0036 below the prior week, with payment scheduled for Oct. 22 for shareholders of record on Oct. 21. Wednesday, Oct. 21, was also the ex-dividend date.

The fund's distribution rate was 23.40% as of the Oct. 19 close. The rate annualizes the latest distribution against net asset value and does not represent total return. SDTY's 30-day SEC yield was -0.55% for the period ended Sept. 30; that measure excludes option income.

A 100.00% return-of-capital figure was shown for SDTY as of Oct. 20. The distribution's final tax character will be determined on Form 1099-DIV.

SDTY seeks current income and exposure to the S&P 500's price return by selling out-of-the-money call options that expire the same day. The strategy may limit gains when the index rises while exposing investors to losses if it falls.

YieldMax also set a $0.2332 distribution for its R2000 0DTE fund, payable Oct. 22.