The YieldMax Universe Fund of Option Income ETF reduces its weekly payout, reflecting a lower distribution rate and return of capital.
YieldMax Universe Fund of Option Income ETF (YMAX) announced a weekly dividend of $0.0508 per share, an 11.5% decline from the prior $0.0574 payout. The move lowers the fund’s annual distribution rate to 40.76%, while its SEC yield remains elevated at 85%. Return of capital accounts for 20.01% of the distribution.
The reduction follows a prior dividend of $0.0574, marking the first cut in recent payouts. The fund’s high SEC yield and return-of-capital component suggest a complex income structure, often tied to options-based strategies. Dividends are payable August 6 to shareholders of record.
No immediate market reaction was disclosed in the announcement.