YieldMax Raises PYPY Weekly Distribution to $0.2847 Per Share

YieldMax raised the weekly distribution for the YieldMax PYPL Option Income Strategy ETF (PYPY) to $0.2847 per share, about 71% above the prior week’s payout, with the next payment scheduled for Nov. 6. Thursday, Nov. 5, is both the fund’s ex-dividend date and record date. The new distribution compares with $0.1665 declared the previous week. The record date determines which shareholders qualify for the payment. The fund’s 55.65% annualized distribution rate uses the latest payment and its most recent net asset value (NAV), based on the Nov. 3 close. The rate does not represent total return.

Source: TokenPost