YieldMax HOOY reduces its weekly payout by 5.5%, reflecting a lower distribution rate and high return of capital.
YieldMax HOOY, an option income strategy ETF, declared a $0.6319 per share weekly dividend, down 5.5% from the prior $0.6687 payout. The move follows an annual distribution rate of 101.41% and an SEC yield of 1.92%.
The fund’s return of capital stands at 98.26%, indicating most distributions are not generated from income. The previous dividend of $0.6687 was paid in the prior week.
The dividend is payable July 17 to shareholders of record.