Derivative Income ETFsby Aseity Research

MSST dividend: payout history, ex-dates and yield

YieldMax MSTR Performance & Distribution Target 25 ETF · YieldMax · pays weekly

Quick answer

MSST's latest payout was $0.1282 a share, ex-date 3 November 2026. At that rate it yields about 25% a year at the 6 Nov price of $26.47. YieldMax's latest Section 19(a) notice estimated 100% of the 14 Oct 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)Tue 10 Nov 2026Pays Wed 11 Nov. Own MSST before the ex-date to receive it. Based on its weekly pattern; not yet declared.
On $10,000 at the latest price$48 a weekIf the latest $0.1282 payout repeated.
Paid over the last 12 payouts$1.67 a shareAverage $0.1391, 18 Aug to 3 Nov.

MSST dividend history

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

21 Jul 2026: $0.108221 Jul28 Jul 2026: $0.104728 Jul4 Aug 2026: $0.10614 Aug11 Aug 2026: $0.112411 Aug18 Aug 2026: $0.106118 Aug25 Aug 2026: $0.127825 Aug1 Sep 2026: $0.13381 Sep9 Sep 2026: $0.14649 Sep15 Sep 2026: $0.134515 Sep22 Sep 2026: $0.152722 Sep29 Sep 2026: $0.157429 Sep6 Oct 2026: $0.15526 Oct13 Oct 2026: $0.150113 Oct20 Oct 2026: $0.134520 Oct27 Oct 2026: $0.142027 Oct3 Nov 2026: $0.12823 Nov
MSST payouts per share, 21 Jul 2026 to 3 Nov 2026. Latest in green.
MSST payouts per share
Ex-datePay datePayoutChangeReturn of capital (est.)
3 Nov 2026–$0.1282−9.7%–
27 Oct 2026–$0.1420+5.6%–
20 Oct 2026–$0.1345−10.4%–
13 Oct 2026–$0.1501−3.3%100%
6 Oct 2026–$0.1552−1.4%74%
29 Sep 202630 Sep 2026$0.1574+3.1%80%
22 Sep 202623 Sep 2026$0.1527+13.5%98%
15 Sep 202616 Sep 2026$0.1345−8.1%0%
9 Sep 202610 Sep 2026$0.1464+9.4%93%
1 Sep 20262 Sep 2026$0.1338+4.7%95%
25 Aug 202626 Aug 2026$0.1278+20.5%0%
18 Aug 202619 Aug 2026$0.1061−5.6%88%
11 Aug 202612 Aug 2026$0.1124+5.9%0%
4 Aug 20265 Aug 2026$0.1061+1.3%87%
28 Jul 202629 Jul 2026$0.1047−3.2%0%
21 Jul 202622 Jul 2026$0.1082+1.3%85%
14 Jul 202615 Jul 2026$0.1068−5.2%29%
7 Jul 20268 Jul 2026$0.1126+20.2%0%
30 Jun 20261 Jul 2026$0.0937−26.5%0%
23 Jun 202624 Jun 2026$0.1274−6.2%90%
16 Jun 202617 Jun 2026$0.1358−7.9%0%
9 Jun 202610 Jun 2026$0.1474−14.6%37%
2 Jun 20263 Jun 2026$0.1725−5.2%0%
27 May 202628 May 2026$0.181995%

Showing the latest 24 of 49 payouts since 2 Dec 2025.

MSST 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.

38 notices in 2026, $5.84 a share in total

Net investment income
$2.09 · 36%
Capital gains
$0.00 · 0%
Return of capital
$3.75 · 64%
Latest notices, per share
PaidTotalIncomeCapital gainsReturn of capitalNotice
14 Oct 2026$0.1501$0.0003$0.0000$0.1498PDF
7 Oct 2026$0.1552$0.0399$0.0000$0.1153PDF
30 Sep 2026$0.1574$0.0322$0.0000$0.1252PDF
23 Sep 2026$0.1527$0.0026$0.0000$0.1501PDF
16 Sep 2026$0.1345$0.1345$0.0000$0.0000PDF
10 Sep 2026$0.1464$0.0097$0.0000$0.1367PDF
2 Sep 2026$0.1338$0.0073$0.0000$0.1265PDF
26 Aug 2026$0.1278$0.1278$0.0000$0.0000PDF

MSST fund facts

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

Net assets$6.0M+4% from $5.7M.
Shares outstanding0.23M+28.6% from 0.17M: more shares created than redeemed.
NAV per share$26.46Closing market price $26.47.
Premium / discount to NAV+0.01%
Distribution rate25.00%Published by the issuer: latest payout annualised.
SEC 30-day yield0.56%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.

MSST total return vs the market

Total return with payouts reinvested, to 6 November 2026. SPY tracks the S&P 500, QQQ the Nasdaq-100.

Fund1 month3 months6 months12 months
MSST−17.4%+23.9%−32.1%–
SPY (S&P 500)−5.4%−4.5%+1.8%+9.3%
QQQ (Nasdaq-100)−14.4%−9.7%−4.9%+4.3%
$56$38$1918 Nov 20256 Nov 2026
MSST share price, first trading day of each month
12-month high
$53.14 · 18 Nov 2025
Latest close
$26.47 · 6 Nov 2026
Below 12-month high
−50.2%

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 MSST's last 12 ex-dates the closing price fell a median $0.27, against a median payout of $0.14. The price also moves with the market on the day.

Ex-datePayoutClose the day beforeClose on the ex-datePrice change
3 Nov 2026$0.1282$26.58$27.42+$0.84
27 Oct 2026$0.1420$28.40$28.47+$0.07
20 Oct 2026$0.1345$27.88$28.95+$1.07
13 Oct 2026$0.1501$30.87$30.67−$0.20
6 Oct 2026$0.1552$32.68$32.67−$0.01
29 Sep 2026$0.1574$31.92$31.29−$0.62
22 Sep 2026$0.1527$34.08$33.73−$0.34
15 Sep 2026$0.1345$28.91$27.53−$1.38

What MSST holds

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

Largest holdings

  1. Cash & Other56.4%
  2. United States Treasury Bill 07/08/202713.9%
  3. United States Treasury Note/Bond 3.375% 09/15/202713.9%
  4. United States Treasury Bill 12/10/20266.5%
  5. United States Treasury Note/Bond 2.375% 05/15/20276.1%
  6. United States Treasury Bill 02/18/20276.1%
  7. First American Government Obligations Fund 12/01/20311.7%

Its options, on 2 underlyings

Calls sold2
Calls bought3
Puts sold1
Puts bought0

Expiring 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.

MSST changes

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

MSST questions

How often does MSST pay a dividend?

Weekly. Its recent ex-dates fell on a Tuesday. It has paid 49 times since 2 Dec 2025 in our records.

When is MSST's next ex-date?

Expected 10 November 2026, based on its weekly pattern; not yet declared. You must own MSST 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 MSST pay per share?

The latest payout was $0.1282 a share (ex-date 3 November 2026). Over its last 12 payouts it averaged $0.1391.

What is MSST's dividend yield?

About 25% a year if the latest payout repeated for a year at the 6 November 2026 price of $26.47. Payouts change, so this is not a forecast.

Is MSST's dividend return of capital?

In MSST's Section 19(a) notices, YieldMax estimated 100% of the 14 October 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.

How big is MSST?

YieldMax reported net assets of $6.0M on 6 November 2026, up from $5.7M on 7 October 2026.

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MSST 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.