Add as a preferred source on GoogleYieldMax XOMO ETF Raises Weekly Distribution by 10.38% to $0.0978
The next payment is scheduled for Nov. 6, with Nov. 5 as the ex-dividend and record date. The fund’s distribution rate was 45.43% as of Nov. 3.
YieldMax announced a $0.0978 weekly distribution for the YieldMax XOM Option Income Strategy ETF (XOMO), 10.38% above its previous payout, with payment scheduled for Nov. 6.
YieldMax made the announcement Wednesday, Nov. 4. Thursday, Nov. 5, is the ex-dividend and record date. Shareholders eligible as of that date are scheduled to receive the payment Friday, Nov. 6.
The distribution is $0.0092 higher than the previous week’s $0.0886 per share. XOMO’s distribution rate was 45.43% as of the Nov. 3 close. The rate annualizes the latest payment against the fund’s most recent net asset value and does not measure total return.
The fund’s 30-day SEC yield was 2.60% for the period ended Oct. 31. That measure excludes option income.
XOMO is actively managed and sells call spreads on Exxon Mobil Corp. (XOM) to seek weekly income. Distributions can vary, may include a return of investor capital and are not guaranteed.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.