YieldMax’s GME-focused ETF slashes its weekly distribution by 34% amid high return-of-capital ratio.
YieldMax GME Option Income Strategy ETF (GMEY) declared a weekly distribution of $0.1921, down 34.32% from last week’s $0.2925. The move reflects a 35.39% annual distribution rate and an SEC yield of 2.35%. Return of capital accounts for 93.88% of the payout.
The prior week’s distribution stood at $0.2925, marking the first reduction in recent months. The fund’s strategy targets income from GameStop (GME) options, with distributions tied to market conditions and option premiums.
The distribution is payable June 26 to shareholders of record June 25, with an ex-dividend date of June 25.