The AZYY ETF reduces its weekly distribution by 2.06% from the prior week, reflecting a lower yield for shareholders.
GraniteShares YieldBoost AMZN ETF (AZYY) declared a weekly distribution of $0.1091, down 2.06% from last week’s $0.1114 payout. The move marks a slight reduction in income for investors holding the fund.
The ETF’s annual distribution rate stands at 35.33%, with an SEC yield of 0.44%. The distribution is payable June 9 to shareholders of record as of June 5, with an ex-dividend date also set for June 5.
No immediate market reaction was reported following the announcement.