PYPY reduces its weekly distribution by 4.74% to $0.1286, reflecting a lower return of capital component.
YieldMax’s PYPL Option Income Strategy ETF (PYPY) declared a weekly distribution of $0.1286, down 4.74% from last week’s $0.1350. The move trims the fund’s annual distribution rate to 27.47% and its SEC yield to 2.94%. Return of capital accounts for 86.34% of the payout.
The prior week’s distribution stood at $0.1350, marking the first decline in four weeks. The fund’s ex-dividend and record dates are both June 25, with payment scheduled for June 26.
No immediate market reaction was reported following the announcement.