YieldMax TSLA-focused ETF reduces its weekly distribution by 4.78% amid a 25% annual target rate.
YieldMax’s TSLA Performance & Distribution Target 25 ETF (TEST) declared a weekly distribution of $0.2153, down 4.78% from last week’s $0.2261. The fund targets a 25% annual distribution rate, currently yielding 2.47% on an SEC basis.
The prior week’s payout stood at $0.2261, marking the first decline in four weeks. Return of capital accounts for 76.43% of the distribution. The payment is set for July 15 to shareholders of record as of July 14.
No immediate market reaction was reported following the announcement.