Roundhill Sets GOOW Weekly Distribution at $0.278056, Down 37%

Roundhill set its next distribution for Roundhill GOOGL WeeklyPay ETF (GOOW) at $0.278056 per share. The Oct. 23 declaration is 37.04% below the fund’s $0.441671 distribution declared Oct. 16.

Payment is scheduled for Tuesday, Oct. 27. GOOW’s record and ex-dividend dates are both Monday, Oct. 26; the record date determines which shareholders qualify for the distribution.

The fund aims to make weekly distributions and target a return equal to 120% of Alphabet Inc. common shares’ total return over a calendar week, before fees and expenses. The target is not guaranteed. Weekly payment amounts can vary because the distribution formula accounts for the reference asset’s performance and implied volatility.

The current distribution is estimated to be 100% return of capital. After its fiscal year ends, the fund will report the distribution’s final tax classification on Form 1099-DIV.