YieldMax APLY Cuts Weekly Distribution 16.7% to $0.0479 Per Share

YieldMax set a weekly distribution of $0.0479 per share for its AAPL Option Income Strategy ETF (APLY), 16.7% below the fund’s $0.0575 payout the prior week. The previous $0.0575-per-share payment was made Oct. 16. APLY’s schedule sets Oct. 22 as both the record and ex-dividend date, with payment on Oct. 23. YieldMax announced the new amount Oct. 21. The fund’s 21.14% distribution rate annualizes the latest payment against its net asset value at the Oct. 20 close. That rate reflects one distribution and is not total return. APLY’s 30-day SEC yield was 2.36% for the period ended Sept.

Source: TokenPost