Derivative Income ETFsby Aseity Research

ULTY dividend: payout history, ex-dates and yield

YieldMax Ultra Option Income Strategy ETF · YieldMax · pays weekly

Quick answer

ULTY's latest payout was $0.2469 a share, ex-date 4 November 2026. At that rate it yields about 63% a year at the 5 Nov price of $20.29. Payouts have fallen 4 times in a row, from $0.3016 on 7 Oct. Over 12 months its total return, payouts included, was −17.5%. YieldMax's latest Section 19(a) notice estimated 100% of the 15 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)Wed 11 Nov 2026Pays Thu 12 Nov. Own ULTY before the ex-date to receive it. Based on its weekly pattern; not yet declared.
On $10,000 at the latest price$122 a weekIf the latest $0.2469 payout repeated.
Paid over the last 12 payouts$3.52 a shareAverage $0.2933, 19 Aug to 4 Nov.

ULTY dividend history

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

22 Jul 2026: $0.317622 Jul29 Jul 2026: $0.309629 Jul5 Aug 2026: $0.30825 Aug12 Aug 2026: $0.317912 Aug19 Aug 2026: $0.319719 Aug26 Aug 2026: $0.307626 Aug2 Sep 2026: $0.30482 Sep9 Sep 2026: $0.30449 Sep16 Sep 2026: $0.296716 Sep23 Sep 2026: $0.305823 Sep30 Sep 2026: $0.294330 Sep7 Oct 2026: $0.30167 Oct14 Oct 2026: $0.295514 Oct21 Oct 2026: $0.277221 Oct28 Oct 2026: $0.264728 Oct4 Nov 2026: $0.24694 Nov
ULTY payouts per share, 22 Jul 2026 to 4 Nov 2026. Latest in green.
ULTY payouts per share
Ex-datePay datePayoutChangeReturn of capital (est.)
4 Nov 2026–$0.2469−6.7%–
28 Oct 2026–$0.2647−4.5%–
21 Oct 2026–$0.2772−6.2%–
14 Oct 2026–$0.2955−2.0%100%
7 Oct 2026–$0.3016+2.5%9%
30 Sep 20261 Oct 2026$0.2943−3.8%100%
23 Sep 202624 Sep 2026$0.3058+3.1%100%
16 Sep 202617 Sep 2026$0.2967−2.5%100%
9 Sep 202610 Sep 2026$0.3044−0.1%100%
2 Sep 20263 Sep 2026$0.3048−0.9%100%
26 Aug 202627 Aug 2026$0.3076−3.8%100%
19 Aug 202620 Aug 2026$0.3197+0.6%100%
12 Aug 202613 Aug 2026$0.3179+3.1%100%
5 Aug 20266 Aug 2026$0.3082−0.5%100%
29 Jul 202630 Jul 2026$0.3096−2.5%0%
22 Jul 202623 Jul 2026$0.3176−3.8%0%
15 Jul 202616 Jul 2026$0.3302−2.4%0%
8 Jul 20269 Jul 2026$0.3384−0.8%100%
1 Jul 20262 Jul 2026$0.3411−10.6%0%
24 Jun 202625 Jun 2026$0.3817−2.1%100%
17 Jun 202618 Jun 2026$0.3899+11.9%100%
10 Jun 202611 Jun 2026$0.3485−12.0%100%
3 Jun 20264 Jun 2026$0.3960+0.4%100%
27 May 202628 May 2026$0.3946100%

Showing the latest 24 of 35 payouts since 14 Jun 2024.

ULTY 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.

34 notices in 2026, $12.63 a share in total

Net investment income
$3.00 · 24%
Capital gains
$0.00 · 0%
Return of capital
$9.63 · 76%
Latest notices, per share
PaidTotalIncomeCapital gainsReturn of capitalNotice
15 Oct 2026$0.2955$0.0000$0.0000$0.2955PDF
8 Oct 2026$0.3016$0.2751$0.0000$0.0265PDF
1 Oct 2026$0.2943$0.0000$0.0000$0.2943PDF
24 Sep 2026$0.3058$0.0000$0.0000$0.3058PDF
17 Sep 2026$0.2967$0.0000$0.0000$0.2967PDF
10 Sep 2026$0.3044$0.0000$0.0000$0.3044PDF
3 Sep 2026$0.3048$0.0000$0.0000$0.3048PDF
27 Aug 2026$0.3076$0.0000$0.0000$0.3076PDF

ULTY fund facts

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

Net assets$538.5M−24% from $709.7M.
Shares outstanding26.55M−3.5% from 27.50M: more shares redeemed than created.
NAV per share$20.28Closing market price $20.29.
Premium / discount to NAV+0.04%
Distribution rate60.25%Published by the issuer: latest payout annualised.
SEC 30-day yield1.71%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.

ULTY total return vs the market

Total return with payouts reinvested, to 5 November 2026. SPY tracks the S&P 500, QQQ the Nasdaq-100.

Fund1 month3 months6 months12 months
ULTY−17.0%−12.8%−13.3%−17.5%
SPY (S&P 500)−5.4%−4.5%+1.8%+9.3%
QQQ (Nasdaq-100)−14.4%−9.7%−4.9%+4.3%
$49$34$185 Nov 20255 Nov 2026
ULTY share price, first trading day of each month
12-month high
$47.00 · 5 Nov 2025
Latest close
$20.29 · 5 Nov 2026
Below 12-month high
−56.8%

Adjusted for the 1:10 split on 1 Dec 2025.

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 ULTY's last 12 ex-dates the closing price fell a median $0.30, against a median payout of $0.30. The price also moves with the market on the day.

Ex-datePayoutClose the day beforeClose on the ex-datePrice change
4 Nov 2026$0.2469$21.37$21.08−$0.29
28 Oct 2026$0.2647$22.97$22.69−$0.28
21 Oct 2026$0.2772$23.72$23.60−$0.12
14 Oct 2026$0.2955$25.18$24.15−$1.03
7 Oct 2026$0.3016$26.00$25.63−$0.37
30 Sep 2026$0.2943$25.58$25.29−$0.29
23 Sep 2026$0.3058$26.30$25.69−$0.61
16 Sep 2026$0.2967$25.25$25.13−$0.12

What ULTY holds

From YieldMax's holdings file, 6 November 2026: 31 positions plus 78 option contracts.

Largest holdings

  1. Analog Devices Inc5.3%
  2. Alibaba Group Holding Ltd5.2%
  3. Alphabet Inc5.2%
  4. VanEck Gold Miners ETF/USA4.9%
  5. Cash & Other4.8%
  6. Shopify Inc4.7%
  7. Space Exploration Technologies Corp4.5%
  8. MercadoLibre Inc4.4%
  9. Take-Two Interactive Software Inc3.9%
  10. Robinhood Markets Inc3.6%

Its options, on 29 underlyings

Calls sold33
Calls bought0
Puts sold11
Puts bought34

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.

ULTY changes

  1. Strategy change

    ULTY · added long calls (call spreads)

    A change in the options it uses can change both its payouts and how it moves with the market.

  2. Strategy change

    ULTY · now writes options on AMZN, META (was CAT)

    Its payouts now depend on different stocks, so past payouts are a weaker guide to the next ones.

  3. Reverse split

    1-for-10 reverse split

    Each 10 shares became 1, at 10 times the price. The value of a holding did not change; payouts per share were larger afterwards.

ULTY questions

How often does ULTY pay a dividend?

Weekly. Its recent ex-dates fell on a Wednesday. It has paid 35 times since 14 Jun 2024 in our records.

When is ULTY's next ex-date?

Expected 11 November 2026, based on its weekly pattern; not yet declared. You must own ULTY before the ex-date to receive it. In 4 of the last 5 payouts the amount was declared the day before the ex-date.

How much does ULTY pay per share?

The latest payout was $0.2469 a share (ex-date 4 November 2026). Over its last 12 payouts it averaged $0.2933.

What is ULTY's dividend yield?

About 63% a year if the latest payout repeated for a year at the 5 November 2026 price of $20.29. Payouts change, so this is not a forecast.

Is ULTY's dividend return of capital?

In ULTY's Section 19(a) notices, YieldMax estimated 100% of the 15 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.

Has ULTY made money after its payouts?

Over the 12 months to 5 November 2026, ULTY's total return with payouts reinvested was −17.5%: $10,000 became about $8,250.

How big is ULTY?

YieldMax reported net assets of $538.5M on 6 November 2026, down from $709.7M on 7 October 2026.

Did ULTY do a reverse split?

Yes, 1-for-10 on 1 December 2025. Prices on this page are adjusted for it; payouts before that date are as paid at the time.

Other YieldMax funds

YMAX dividendYieldMax Universe Fund of Option Income ETFsYield 42% · 12-mo −9.6%YMAG dividendYieldMax Magnificent 7 Fund of Option Income ETFsYield 33% · 12-mo −0.3%APLY dividendYieldMax APPL Option Income Strategy ETFYield 25% · 12-mo +17.4%AMZY dividendYieldMax AMZN Option Income Strategy ETFYield 25% · 12-mo +6.5%

All YieldMax funds →

ULTY 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.