Roundhill Sets HOOD WeeklyPay ETF Distribution at $0.1652

Roundhill Investments declared a distribution of $0.165191 per share for the Roundhill HOOD WeeklyPay ETF (HOOW) on Friday, Oct. 23, about 31.7% below the prior week’s $0.24185 payout.

Monday, Oct. 26, is both the ex-dividend date and the record date. The record date determines which shareholders qualify for the payment, which is scheduled for Tuesday, Oct. 27.

HOOW seeks a calendar-week total return equal to 120% of the calendar-week total return of Robinhood Markets common shares, before fees and expenses. The ETF’s target does not mean investors own Robinhood shares. The fund does not guarantee its return target or weekly distributions, and payments may exceed its income and gains.