YieldMax Magnificent 7 ETF raises payout by 6.2% to $0.0955, targeting a 43% annual distribution rate.
YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) declared a $0.0955 weekly dividend per share, up 6.2% from the prior $0.0899 payout. The increase reflects a 43% annual distribution rate and an SEC yield of 63.97%. Return of capital accounts for 39.87% of the distribution.
The prior dividend stood at $0.0899, with the new payout marking the first increase in three months. The fund’s strategy focuses on generating income through options on high-growth tech stocks, aligning with its Magnificent 7 theme.
The dividend is payable August 6 to shareholders of record.