# YieldMax Cuts SMCY Weekly Distribution 9.7% to $0.0456 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/49176 Published: 2026-11-05T09:20:07.000Z Updated: 2026-11-05T09:20:07.000Z Section: Investing > The fund set Nov. 5 as both the ex-dividend and record date, with payment scheduled for Nov. 6. YieldMax set a weekly distribution of $0.0456 per share for the YieldMax SMCI Option Income Strategy ETF (SMCY), 9.7% below its prior payment and changing the amount scheduled for eligible shareholders this week. The new payout follows a [previous $0.0505 distribution](). Thursday, Nov. 5, is both the ex-dividend date and the date used to determine eligible shareholders. Payment is scheduled for Friday, Nov. 6. SMCY’s distribution rate was 60.02% as of the Nov. 3 close. The rate annualizes the latest distribution against the fund’s net asset value; it is not the fund’s total return or an indication of future distributions. Its 30-day SEC yield was 3.14% for the period ended Oct. 31, a measure that excludes option income. SMCY seeks weekly income through call spreads tied to Super Micro Computer Inc. (SMCI) and does not invest directly in SMCI shares. The strategy can limit the fund’s participation in gains if SMCI rises while exposing it to losses if the stock falls. YieldMax said, “Distributions are not guaranteed.” ## Links in this article - [previous $0.0505 distribution](https://www.tokenpost.com/news/investing/43053)