TappAlpha Innovation 100 Growth & Daily Income ETF sets $0.39 payout for July, targeting a 17.03% annualized yield.
TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ) announced a $0.39 per share monthly dividend, equating to a 17.03% forward yield. The dividend is payable July 15 to shareholders of record as of July 14, with an ex-dividend date also set for July 14.
The ETF’s yield reflects its focus on high-income innovation-driven equities, though prior dividend prints and consensus expectations were not disclosed. The 17.03% yield stands out amid broader market averages, which typically range between 1-3% for dividend-focused funds.
No immediate market reaction was specified following the announcement.