PYPY reduces its weekly distribution by 9.33% from the prior week, reflecting a lower return of capital component.
YieldMax PYPL Option Income Strategy ETF (PYPY) declared a weekly distribution of $0.2323, down 9.33% from last week’s $0.2562 payout. The move follows an annual distribution rate of 45.38% and an SEC yield of 2.75%.
The fund’s return of capital stands at 83.98%, a key driver of the reduced distribution. Last week’s payout marked the first decline after a period of stable distributions.
The distribution is payable May 22 to shareholders of record as of May 21, with an ex-dividend date of May 21.