YieldMax’s AMZN-linked ETF reduces its weekly distribution by 6.64% amid a 40.38% annualized yield.
YieldMax’s AMZN Option Income Strategy ETF (AMZY) lowered its weekly distribution to $0.0942, a 6.64% decline from the prior week’s $0.1009 payout. The fund’s annual distribution rate stands at 40.38%, with an SEC yield of 2.14% and a 71.52% return of capital component.
The reduction follows a prior distribution of $0.1009, marking the first cut in recent weeks. The ETF’s strategy involves selling options on Amazon stock to generate income, which can fluctuate based on market conditions and option premiums.
The distribution is payable May 29 to shareholders of record as of May 28, with an ex-dividend date also set for May 28.