YieldMax Raises GMEY Weekly Distribution 2.78% to $0.2850

YieldMax set the weekly distribution for its GME Option Income Strategy ETF (GMEY) at $0.2850 per share on Nov. 4, 2.78% above the prior week’s payout. The fund’s previous $0.2773 distribution was announced Oct. 28. Payment is scheduled for Friday, Nov. 6. Nov. 5 is both the ex-dividend date and the record date, which determines shareholder eligibility for the distribution. The actively managed fund seeks weekly income by selling call spreads on GameStop Corp. (GME). Its options strategy provides indirect exposure to GME, may limit participation in gains and leaves investors exposed to losses if the stock declines.

Source: TokenPost