What is the MSTY dividend yield?

MSTY has a trailing 12-month (TTM) yield of 74.3%. The forward yield is 270.1%. Yields fluctuate because MSTY generates income by selling options on MSTR.

When is the next MSTY ex-dividend date?

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

MSTY

YieldMax MSTR Option Income Strategy ETFYieldMax ETF74.3% TTM Yield

$23.41+0.37 (+1.61%)At close

After-hours: $23.48

AUM $1.6BVol 978K52w $19.17 – $126.50Tracks MSTR$138.20 +1.87%

Next Ex-Date

Mar 26, 2026

Projected

TTM Yield

74.3%

Fwd 270.1%

Last Payout

$0.4383

+13.9% vs prior

Recent Payouts

Upcoming Distributions

Ex-Date	Est. Amount	Status
Mar 26, 2026	$0.4383	Projected
Apr 2, 2026	$0.4383	Projected
Apr 9, 2026	$0.4383	Projected

Dividend History

Ex-Date	Pay Date	Amount	vs Prior	Why it changed
Mar 19, 2026	Mar 20, 2026	$0.4383	+13.9%
Mar 12, 2026	Mar 13, 2026	$0.3847	+9.9%
Mar 5, 2026	Mar 6, 2026	$0.3500	+16.0%	The MSTY distribution increased because MSTR experienced heightened market activity and elevated implied volatility throughout mid-March 2026, as evidenced by its consistent appearance among the most active options symbols in daily reports. This environment of high implied volatility allowed the fund to capture significantly larger options premiums, which directly boosted the monthly payout despite the underlying stock's price fluctuations.
Feb 26, 2026	Feb 27, 2026	$0.3017	-16.4%	The MSTY distribution decreased because MSTR experienced a period of lower implied volatility compared to the previous month, which compressed the options premiums available for the fund to harvest. While MSTR remained active with significant Bitcoin purchases in early 2026, the reduction in market-wide volatility surrounding the underlying asset led to smaller gains from the fund's synthetic covered call strategy.
Feb 19, 2026	Feb 20, 2026	$0.3607	+21.0%	The MSTY distribution increased by 21.0% because MicroStrategy's aggressive Bitcoin acquisition strategy and high market sensitivity drove significant spikes in implied volatility. This elevated volatility environment allowed the fund to collect higher options premiums, which are then passed on to shareholders as increased monthly distributions.
Feb 12, 2026	Feb 13, 2026	$0.2980	-3.3%
Feb 5, 2026	Feb 6, 2026	$0.3083	-17.2%	The MSTY distribution decreased because MicroStrategy's implied volatility compressed following the conclusion of high-volatility events, leading to a reduction in the options premiums available for the fund to harvest. As the market priced in the impact of MSTR's recent large-scale Bitcoin purchases and earnings, the lower volatility environment resulted in smaller gains from the fund's covered call strategy compared to the previous month.
Jan 29, 2026	Jan 30, 2026	$0.3725	-13.4%
Jan 22, 2026	Jan 23, 2026	$0.4300	+3.9%
Jan 15, 2026	Jan 16, 2026	$0.4137	+10.6%
Jan 8, 2026	Jan 9, 2026	$0.3741	-8.6%
Jan 2, 2026	Jan 5, 2026	$0.4091	-19.9%	The MSTY distribution decline was driven by a contraction in implied volatility for MSTR, which dropped from the elevated levels seen during its aggressive Bitcoin acquisition phase to a more compressed options premium environment. With MSTR facing a technical sell signal on March 17, 2026, the reduction in market-wide volatility and the cooling of speculative option activity limited the premium available for the fund to harvest, directly resulting in the 19.9 percent decrease in the monthly payout.

How does MSTY generate income?

Sells call options on MSTR to generate monthly income. Payout depends on MSTR's implied volatility — higher IV means higher premiums collected.

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 MSTR'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.