YieldMax’s PLTR-focused ETF increases its weekly payout by 8.7%, lifting the annual distribution rate to 49.65%.
YieldMax PLTR Option Income Strategy ETF (PLTY) announced a $0.2998 per share weekly dividend, up 8.7% from the prior $0.2758 payout. The move lifts the annual distribution rate to 49.65%, with an SEC yield of 3.37% and a 94.59% return of capital component.
The previous dividend stood at $0.2758, marking the first increase in three months. The ETF’s distribution policy targets high income through covered call strategies on Palantir Technologies (PLTR) options.
The dividend is payable July 17 to shareholders of record as of July 16, with an ex-dividend date of July 16.