YieldMax Distribution Tracker

How YieldMax distribution scheduling works

YieldMax splits its fund lineup into distribution groups that pay on staggered weekly cycles. Group 1 funds declare on Tuesday and trade ex-dividend the following Wednesday; Group 2 funds declare Wednesday and trade ex-dividend Thursday; Group 3 funds (the Target 25 lineup) declare Monday and trade ex-dividend Tuesday; the Target 12 group (BIGY, RNTY, SOXY) pays monthly on its own schedule. The tracker above surfaces the ex-date, declaration date, and payment date for every upcoming distribution so you can see exactly which ownership cutoff applies to you.

To receive a YieldMax distribution, you must own the shares before the ex-dividend date. Buying on the ex-date itself means you miss that payment and get the next one. Shares purchased on the declaration date (after close) but before the ex-date still qualify. Payment typically lands 1-2 business days after the ex-date, though some broker-dealers show pending credits earlier.

Why announcement amounts differ from the last payment

YieldMax distributions are driven by option premium, which is in turn driven by the implied volatility of the underlying stock at each weekly options roll. A 40% week-over-week change is normal. When the underlying has a volatile week, premium is fat and the next distribution is larger; when the underlying is quiet, premium shrinks. The “vs last” column in the tracker above prices each declaration against that fund’s previous payment, and the week-over-week figure at the top is the median of those changes across every fund that declared in both weeks — so a wave of new fund launches doesn’t read as payout growth.

If you want to project future YieldMax income for planning purposes, use a conservative estimate — the trailing 3-month average is usually more realistic than the most recent payment, and forward annualization of a single peak distribution will often overstate future income. Open any ticker page (for example MSTY, NVDY, or CONY) to see its full distribution history and a DRIP calculator that lets you stress-test assumptions.

Return of capital and what it means for the tracker

A large fraction of YieldMax distributions is classified as return of capital (ROC) rather than income. ROC is not taxed in the year it is received — it reduces your cost basis instead, meaning you will owe more capital gains tax when you eventually sell. For tax planning purposes, ROC behaves like getting your own money back with a delayed tax bill. The distribution announcements page shows the ROC percentage for each declaration where the fund has disclosed it. A high ROC percentage is not automatically bad, but it does mean the effective yield-after-tax is lower than it appears on the surface.