What is the HOOW dividend yield?

HOOW has a trailing 12-month (TTM) yield of 153.3%. The forward yield is 144.5%. Yields fluctuate because HOOW generates income by selling options on HD.

When is the next HOOW ex-dividend date?

HOOW pays distributions weekly. Check the dividend history table on this page for the latest ex-dates and projected upcoming distributions.

HOOW

YieldMax HD Option Income Strategy ETFYieldMax ETF153.3% TTM Yield

$23.91+0.34 (+1.44%)At close

After-hours: $24.26

AUM $62MVol 228K52w $23.24 – $86.00Tracks HD$330.90 +3.16%

Next Ex-Date

Mar 23, 2026

Projected

TTM Yield

153.3%

Fwd 144.5%

Last Payout

$0.3941

+11.2% vs prior

Recent Payouts

Upcoming Distributions

Ex-Date	Est. Amount	Status
Mar 23, 2026	$0.3941	Projected
Mar 30, 2026	$0.3941	Projected
Apr 6, 2026	$0.3941	Projected

Dividend History

Ex-Date	Pay Date	Amount	vs Prior	Why it changed
Mar 16, 2026	Mar 17, 2026	$0.3941	+11.2%
Mar 9, 2026	Mar 10, 2026	$0.3544	+1.4%
Mar 2, 2026	Mar 3, 2026	$0.3496	+37.3%	The payout for HOOW increased because Home Depot experienced a period of elevated implied volatility, which allowed the fund to collect significantly higher premiums from selling covered calls. This surge in option pricing, driven by market uncertainty or specific volatility events, enabled the ETF to distribute a larger portion of that premium income to shareholders compared to the previous month.
Feb 23, 2026	Feb 24, 2026	$0.2547	+45.9%	The payout increase for HOOW was driven by a surge in Home Depot's implied volatility, which significantly boosted the options premiums collected by the fund. As market uncertainty surrounding February 2026 events pushed implied volatility higher, the elevated premium environment allowed the covered-call strategy to generate substantially more income compared to the prior month.
Feb 17, 2026	Feb 18, 2026	$0.1745	-46.8%	The payout decrease for HOOW was driven by a contraction in Home Depot's implied volatility following its earnings event, which compressed the options premium available for the fund to harvest. As market uncertainty subsided post-earnings, the lower volatility environment reduced the theoretical value of the call options sold, resulting in a lower income distribution compared to the elevated premium environment of the prior month.
Feb 9, 2026	Feb 10, 2026	$0.3278	-25.9%	The payout for HOOW decreased because Home Depot's implied volatility likely compressed following a specific event, such as an earnings release, which reduced the options premiums available for the fund to harvest. As implied volatility is a primary driver of option pricing, a decline in this metric directly lowers the income generated from the covered-call strategy, even if the underlying stock price remained relatively stable.
Feb 2, 2026	Feb 3, 2026	$0.4421	+15.8%	The HOOW distribution increased because Home Depot experienced elevated implied volatility, likely driven by market reactions to its late February dividend announcement and broader macro uncertainty. This higher volatility environment allowed the fund to capture larger options premiums, as the theoretical value of the covered calls sold against HD rose in response to the increased market expectation of price movement.
Jan 26, 2026	Jan 27, 2026	$0.3818	-30.5%	The payout for HOOW decreased because Home Depot experienced a period of compressed implied volatility, which reduced the options premiums the fund could collect. With market sentiment cooling and the VIX reflecting a less fearful environment, the lower volatility environment directly diminished the income generated from the fund's covered-call strategy compared to the prior month.
Jan 20, 2026	Jan 21, 2026	$0.5491	+8.5%
Jan 12, 2026	Jan 13, 2026	$0.5061	-22.5%	The HOOW distribution decrease was driven by a compressed options premium environment, as lower implied volatility in Home Depot shares reduced the income generated from selling covered calls. With consumer sentiment hitting 56.4 in January 2026 and broader market volatility indices like the VIX reflecting a less fearful environment, the reduced demand for options protection led to lower premiums compared to the prior month.
Jan 5, 2026	Jan 6, 2026	$0.6534	-21.2%	The payout decrease for HOOW was driven by a compression in implied volatility, as the broader market reflected lower fear with the VIX and VXVCLS indices indicating a less volatile environment compared to the prior month. Because covered-call ETFs generate income primarily through options premiums, the decline in implied volatility reduced the premiums collected from selling HD calls, leading to the 21.2 percent drop in the monthly distribution.
Dec 29, 2025	Dec 30, 2025	$0.8292	+48.4%	The payout increase was driven by a surge in Home Depot's implied volatility, which rose significantly around the turn of 2025 as indicated by broader market volatility trends. This elevated implied volatility environment allowed the fund to collect substantially higher options premiums when selling covered calls against its HD holdings, directly resulting in the 48.4 percent increase in the monthly distribution.

How does HOOW generate income?

Sells call options on HD to generate monthly income. Lower volatility in HD typically means more modest but stable payouts.

You must own shares before market open on the ex-dividend date to receive each distribution. The record date is typically 1 business day after the ex-date, and payment follows within a week.

Payout variability is driven primarily by HD's implied volatility — when IV is high (e.g., around earnings or market events), option premiums rise, producing larger distributions. When IV compresses, payouts shrink.