Add as a preferred source on GoogleYieldMax Sets SNOY Weekly Distribution at $0.0932 Per Share
The fund lists Oct. 29 as both the ex-dividend and record date and estimates that 97.90% of the payout is return of capital.
YieldMax set a $0.0932-per-share distribution for the YieldMax SNOW Option Income Strategy ETF (SNOY), with payment scheduled for Friday, Oct. 30; 97.90% of the payout is estimated to be return of capital.
The fund lists Thursday, Oct. 29, as both its ex-dividend date and record date. The record date determines which shareholders qualify for the payment.
The latest distribution is up from $0.0756 per share, payable Oct. 23. The fund’s Oct. 16 distribution was $0.1383 per share.
An estimated 2.10% of the latest payout is income. The final tax classification may change, and return of capital may reduce SNOY’s net asset value and trading price. Distributions are not guaranteed.
SNOY seeks weekly income by selling call spreads tied to Snowflake Inc. The options strategy may limit the fund’s gains if SNOW rises while leaving it exposed to losses if the stock falls.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.