YieldMax Sets RDYY Weekly Distribution at $0.1297, Down 26%

YieldMax set a $0.1297-per-share weekly distribution for the YieldMax RDDT Option Income Strategy ETF (RDYY), 26.1% below its previous distribution, with payment scheduled for Oct. 30. YieldMax announced the amount Wednesday at 6:55 a.m. ET (10:55 UTC). The previous distribution was $0.1754, announced Oct. 21. RDYY’s distribution rate was 50.42% as of the Oct. 27 close. The rate annualizes the latest distribution against the fund’s most recent net asset value; it does not represent total return or indicate future distributions. The fund’s 30-day SEC yield was 2.90% for the period ended Sept. 30 and excludes option income.

Source: TokenPost