YieldMax’s NFLX-linked ETF reduces its payout for the first time, lowering the weekly dividend to $0.0393 from $0.0480.
YieldMax’s NFLX Option Income Strategy ETF (NFLY) declared a $0.0393 per share weekly dividend, an 18.1% decrease from the prior $0.0480 payout. The move marks the fund’s first dividend reduction since inception.
The ETF’s annual distribution rate stands at 26.16%, with an SEC yield of 3.39%. Return of capital accounts for 88.97% of the distribution. The dividend is payable July 17 to shareholders of record July 16, with an ex-dividend date of July 16.
NFLY tracks an options-based strategy tied to Netflix (NFLX) stock, aiming to generate income through covered call writing and cash-secured puts.