PYPY increases its weekly dividend to $0.2404 per share, reflecting a 47.47% annual distribution rate and 3.18% SEC yield.
YieldMax’s PYPL Option Income Strategy ETF (PYPY) announced a $0.2404 per share weekly dividend, up 17% from the prior $0.2055 payout. The move lifts the annual distribution rate to 47.47%, with an SEC yield of 3.18%.
The previous dividend stood at $0.2055, and the fund’s return of capital component is 93.94%. The dividend is payable July 17 to shareholders of record July 16, with an ex-dividend date of July 16.
The increase follows the fund’s strategy of generating income through options on PayPal (PYPL) stock, targeting high distribution yields for investors.