MSFO dividend: payout history, ex-dates and yield

YieldMax MSFT Option Income Strategy ETF · YieldMax · pays weekly

Quick answer

MSFO's latest payout was $0.0567 a share, ex-date 29 October 2026. At that rate it yields about 24% a year at the 6 Nov price of $12.39. Over 12 months its total return, payouts included, was +7.6%. YieldMax's latest Section 19(a) notice estimated 96% of the 21 Aug payout as return of capital, a tax classification (what that means).

Updated 6 Nov 2026 · By Matthew Rhodes, former sell-side analyst · Sources and method

Next ex-date (expected)Thu 12 Nov 2026Pays Fri 13 Nov. Own MSFO before the ex-date to receive it. Based on its weekly pattern; not yet declared.

On $10,000 at the latest price$46 a weekIf the latest $0.0567 payout repeated.

Paid over the last 12 payouts$1.11 a shareAverage $0.0927, 13 Aug to 29 Oct.

MSFO dividend history

Every MSFO payout per share, newest first. It pays weekly.

MSFO payouts per share, 16 Jul 2026 to 29 Oct 2026. Latest in green.

MSFO payouts per share
Ex-date	Pay date	Payout	Change	Return of capital (est.)
29 Oct 2026	–	$0.0567	−30.4%	–
22 Oct 2026	–	$0.0815	+9.0%	–
15 Oct 2026	–	$0.0748	+21.4%	–
8 Oct 2026	–	$0.0616	−0.6%	–
1 Oct 2026	–	$0.0620	+24.0%	–
24 Sep 2026	–	$0.0500	−16.7%	–
17 Sep 2026	–	$0.0600	−1.6%	–
10 Sep 2026	–	$0.0610	−37.1%	–
3 Sep 2026	–	$0.0970	−32.2%	–
27 Aug 2026	–	$0.1430	+1.5%	–
20 Aug 2026	21 Aug 2026	$0.1409	−37.2%	96%
13 Aug 2026	14 Aug 2026	$0.2244	+16.7%	98%
6 Aug 2026	7 Aug 2026	$0.1923	+149.1%	97%
30 Jul 2026	31 Jul 2026	$0.0772	+6.6%	93%
23 Jul 2026	24 Jul 2026	$0.0724	+22.5%	92%
16 Jul 2026	17 Jul 2026	$0.0591	+2.1%	90%
9 Jul 2026	10 Jul 2026	$0.0579	−12.3%	89%
2 Jul 2026	6 Jul 2026	$0.0660	+17.2%	91%
25 Jun 2026	26 Jun 2026	$0.0563	−3.8%	89%
18 Jun 2026	22 Jun 2026	$0.0585	−16.8%	90%
11 Jun 2026	12 Jun 2026	$0.0703	−30.4%	92%
4 Jun 2026	5 Jun 2026	$0.1010	+23.8%	94%
28 May 2026	29 May 2026	$0.0816	−8.3%	92%
21 May 2026	22 May 2026	$0.0890		92%

Showing the latest 24 of 81 payouts since 6 Oct 2023.

MSFO payouts by tax character

As estimated by YieldMax in its Section 19(a) notices. This is an accounting classification for tax purposes, not a measure of the fund's performance. Final figures are on Form 1099-DIV. Not tax advice.

23 notices in 2026, $2.27 a share in total

Net investment income: $0.14 · 6%
Capital gains: $0.00 · 0%
Return of capital: $2.13 · 94%

Latest notices, per share
Paid	Total	Income	Capital gains	Return of capital	Notice
21 Aug 2026	$0.1409	$0.0054	$0.0000	$0.1355	PDF
14 Aug 2026	$0.2244	$0.0053	$0.0000	$0.2191	PDF
7 Aug 2026	$0.1923	$0.0056	$0.0000	$0.1867	PDF
31 Jul 2026	$0.0772	$0.0057	$0.0000	$0.0715	PDF
24 Jul 2026	$0.0724	$0.0057	$0.0000	$0.0666	PDF
17 Jul 2026	$0.0591	$0.0058	$0.0000	$0.0532	PDF
10 Jul 2026	$0.0579	$0.0063	$0.0000	$0.0516	PDF
6 Jul 2026	$0.0660	$0.0063	$0.0000	$0.0597	PDF

MSFO fund facts

As published by YieldMax for 6 November 2026, with the change since 7 Oct 2026.

Net assets$98.8M+14% from $86.3M.

Shares outstanding7.90M+15.3% from 6.85M: more shares created than redeemed.

NAV per share$12.51Closing market price $12.51.

Premium / discount to NAV−0.01%

Distribution rate23.65%Published by the issuer: latest payout annualised.

SEC 30-day yield2.88%Published by the issuer: standardised net investment income.

Why the distribution rate and the SEC yield are so different

They measure different things. The distribution rate annualises the latest payout against the share price. The SEC 30-day yield is a standard formula that counts only the fund's net investment income, such as dividends and interest, after expenses. Option premium is not included in it, so for option-income funds the two figures are usually far apart.

MSFO total return vs the market

Total return with payouts reinvested, to 6 November 2026. SPY tracks the S&P 500, QQQ the Nasdaq-100, MSFT is the stock MSFO sells options on.

Fund	1 month	3 months	6 months	12 months
MSFO	+0.7%	+7.0%	+23.1%	+7.6%
QQQ (Nasdaq-100)	−14.4%	−9.7%	−4.9%	+4.3%
MSFT (the stock)	+0.7%	+6.8%	+29.3%	+8.1%
SPY (S&P 500)	−5.4%	−4.5%	+1.8%	+9.3%

MSFO share price, first trading day of each month

12-month high: $16.88 · 12 Nov 2025
Latest close: $12.39 · 6 Nov 2026
Below 12-month high: −26.6%

What happens to the price on the ex-date

On an ex-date the payout leaves the fund, so the price usually falls by about that amount. Over MSFO's last 12 ex-dates the closing price fell a median $0.06, against a median payout of $0.07. The price also moves with the market on the day.

Ex-date	Payout	Close the day before	Close on the ex-date	Price change
29 Oct 2026	$0.0567	$12.47	$12.35	−$0.12
22 Oct 2026	$0.0815	$12.58	$12.26	−$0.32
15 Oct 2026	$0.0748	$12.57	$12.62	+$0.04
8 Oct 2026	$0.0616	$12.61	$12.40	−$0.21
1 Oct 2026	$0.0620	$12.32	$12.27	−$0.05
24 Sep 2026	$0.0500	$12.17	$12.10	−$0.07
17 Sep 2026	$0.0600	$11.98	$12.07	+$0.09
10 Sep 2026	$0.0610	$12.03	$12.02	−$0.01

What MSFO holds

From YieldMax's holdings file, 6 November 2026: 7 positions plus 4 option contracts.

Largest holdings

United States Treasury Note/Bond 2.375% 05/15/202726.4%
United States Treasury Bill 02/18/202725.2%
United States Treasury Bill 07/08/202718.0%
United States Treasury Note/Bond 3.375% 09/15/202713.8%
United States Treasury Bill 12/10/20266.8%
First American Government Obligations Fund 12/01/20310.4%

Its options, on 2 underlyings

Calls sold1

Calls bought2

Puts sold1

Puts bought0

Expiring 6 Nov 2026 to 20 Nov 2026. Selling a call brings in premium and gives up gains above its strike; buying a put limits losses below its strike; selling a put brings in premium and adds exposure if the price falls towards its strike.

MSFO changes

No closures, strategy changes or unusual payouts recorded for MSFO.

MSFO questions

How often does MSFO pay a dividend?

Weekly. Its recent ex-dates fell on a Thursday. It has paid 81 times since 6 Oct 2023 in our records.

When is MSFO's next ex-date?

Expected 12 November 2026, based on its weekly pattern; not yet declared. You must own MSFO before the ex-date to receive it. In 4 of the last 4 payouts the amount was declared the day before the ex-date.

How much does MSFO pay per share?

The latest payout was $0.0567 a share (ex-date 29 October 2026). Over its last 12 payouts it averaged $0.0927.

What is MSFO's dividend yield?

About 24% a year if the latest payout repeated for a year at the 6 November 2026 price of $12.39. Payouts change, so this is not a forecast.

Is MSFO's dividend return of capital?

In MSFO's Section 19(a) notices, YieldMax estimated 96% of the 21 August 2026 payout as return of capital. This is a tax classification, not a measure of the fund's performance: return of capital usually lowers your cost basis instead of being taxed as income now. Estimates can change, and the final figures are on your year-end Form 1099-DIV. Ask a tax adviser how it applies to you.

Has MSFO made money after its payouts?

Over the 12 months to 6 November 2026, MSFO's total return with payouts reinvested was +7.6%: $10,000 became about $10,758.

How big is MSFO?

YieldMax reported net assets of $98.8M on 6 November 2026, up from $86.3M on 7 October 2026.

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MSFO documents

Sources and method

Payouts from YieldMax's website and data files, checked against its Section 19(a) notices where published. Return-of-capital figures are the fund's own estimates from those notices, reported as published; they are a tax classification, not a measure of performance, and the final figures are on Form 1099-DIV. Prices and total returns from daily closing prices adjusted for splits and payouts. Holdings and fund facts from YieldMax's daily files. For information only, not investment or tax advice. More on our method.