YieldMax set a $0.0534-per-share distribution for the YieldMax JP Option Income Strategy ETF (JPO) on Nov. 6, $0.003 above the previous week's payout.
The prior amount was $0.0504, set Oct. 28. Nov. 5 is both the ex-dividend date and record date. EconoTimes has also reported on another YieldMax fund's Nov. 6 weekly payment, for the GME Option Income Strategy ETF.
JPO's annualized distribution rate was 20.67% at the Nov. 3 market close in ET. The 20.67% figure annualizes JPO’s latest distribution relative to its latest net asset value; it does not show the fund’s total return. JPO reported a 2.45% SEC yield through Oct. 31, a measure that leaves option income out.
JPO’s options strategy seeks weekly payouts and exposure to JPMorgan Chase & Co.; the fund does not hold JPMorgan shares outright.
YieldMax warns that distributions are not assured and may partly return capital to investors, potentially reducing JPO’s net asset value. Payment is scheduled for Nov. 6.
