REX NVDA Growth & Income ETF reduces its weekly distribution by 11.61%, lowering yield metrics for shareholders.
REX NVDA Growth & Income ETF (NVII) declared a weekly distribution of $0.1857, an 11.61% decline from the prior week’s $0.2101 payout. The move trims the annual distribution rate to 41.30% and the SEC yield to 4.41%.
Last week’s distribution stood at $0.2101, marking the first reduction in four weeks. The fund’s yield metrics remain below the 12-month high of 4.89% recorded in April.
The distribution is payable July 8 to shareholders of record July 7, with an ex-dividend date of July 7.