TLTW Dividend Calculator
iShares 20+ Year Treasury Bond BuyWrite Strategy ETF — Project your returns with dividend reinvestment (DRIP). Current yield: 13.52% (monthly).
TLTW uses a covered call strategy to generate income. The fund holds a portfolio of stocks (or tracks an index) and systematically sells call options against those holdings. The premiums collected from selling these options are the primary source of the fund's distributions.
TLTW Dividend History
| Ex-Date | Amount | Change | Yield |
|---|---|---|---|
| Apr 2, 2026 | $0.2115 | +3.6% | 11.28% |
| Mar 3, 2026 | $0.2040 | +17.1% | 10.88% |
| Feb 3, 2026 | $0.1742 | -6.8% | 9.29% |
| Dec 23, 2025 | $0.1869 | -0.3% | 9.97% |
| Dec 2, 2025 | $0.1876 | -50.4% | 10.00% |
| Nov 4, 2025 | $0.3783 | +161.7% | 20.17% |
| Oct 2, 2025 | $0.1445 | -33.8% | 7.71% |
| Sep 3, 2025 | $0.2183 | -5.5% | 11.64% |
| Aug 4, 2025 | $0.2311 | -26.3% | 12.32% |
| Jul 2, 2025 | $0.3137 | -25.1% | 16.73% |
How TLTW generates income
TLTW uses a covered call strategy to generate income. The fund holds a portfolio of stocks (or tracks an index) and systematically sells call options against those holdings. The premiums collected from selling these options are the primary source of the fund's distributions.
When the market is flat or mildly bullish, covered-call funds perform well — you collect the option premium on top of any dividends from the underlying holdings. When the market rallies strongly, your gains are capped at the strike price of the sold calls. This is the fundamental trade-off of covered-call strategies: steady income in exchange for capped upside.
TLTW is issued by iShares and has been one of the established players in the covered-call ETF space. Compared to YieldMax's single-stock approach, TLTW writes options on a broader index, which results in lower but more stable distributions.