YieldMax’s ETF reduces its payout for the first time, lowering the weekly dividend to $0.2781 from $0.3124.
YieldMax Innovation Option Income Strategy ETF (OARK) declared a weekly dividend of $0.2781 per share, an 11% decrease from the prior $0.3124 payout. The move marks the fund’s first dividend reduction in its distribution history.
The ETF’s annual distribution rate stands at 47.39%, with an SEC yield of 2.33%. The dividend is payable July 17 to shareholders of record as of July 16, with an ex-dividend date of July 16.
The fund’s dividend policy shift follows a period of elevated payouts, reflecting adjustments in its options income strategy.