Defiance ETF reduces its weekly distribution by 0.99% ahead of July 24 payment date for shareholders of record.
Defiance S&P 500 Target 30 Income ETF (WDTE) declared a weekly distribution of $0.1705, down 0.99% from last week’s $0.1722. The fund maintains a 30.00% annual distribution rate.
The prior week’s payout was $0.1722, marking the first decline in three weeks. The distribution is payable July 24 to shareholders of record as of July 23, with an ex-dividend date of July 23.
No immediate market reaction was reported following the announcement.