And now ... a weekly dividend payout!

Investing Strategies Retirement Investing
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A couple of my holdings have a monthly payout. In mid-September 2024, one of them appeared to pay a lower dividend. But wait, … they changed something. The payout frequency.

Ready for this ETF name?
YieldMax Magnificent 7 Fund of Option Income ETFs, or ticker YMAG

https://finance.yahoo.com/quote/YMAG/history/

Magnificent 7 stocks are, of course, Alphabet (GOOG), Microsoft (MSFT), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Meta Platforms (META) & Nvidia (NVDA).

Two payouts in 7 days is hardly an indicator of a long term trend. But, YMAG apparently want to give the idea a try.

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Hi @HohumYNWA,

YMAX also is doing this.

All of the dividends of the component ETF’s used to be paid on the same day.

Now they are split into 4 groups so the ETF’s that hold them will pay out each time the components do.

So 4 payments per month for YMAG and YMAX.

Here’s the schedule and groups:

https://www.yieldmaxetfs.com/distribution-schedule/

Does that help you?

Gene
All holdings and some statistics on my Fool profile page
https://discussion.fool.com/u/gdett2/activity (Click Expand)

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@gdett2 - Thanks for the additional color.

I was not aware that YMAX has made a similar switch.

Mapping the seven component ETFs
Group A - Google, Tesla
Group B - Nvidia, Facebook/Meta
Group C - Microsoft
Group D - Amazon, Apple
Obviously, the YMAG payout is going to be dependent on % of the individual company ETFs. But, will this impact the week 3 payout more?

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Hi @HohumYNWA,

Today’s distribution notice:
https://www.yieldmaxetfs.com/news/

Note the 175% yield on MSTY!

However, this is misleading to the casual investor and it will drop next time.

Why?

When the dividend payment schedule was change, MSTY changed from paying early in the month (7th to 9th) to the 4th week of the month.

This current payment has about 7 weeks of accumulation rather than a single month! (Sep 6 to Oct 23)

Does that help you?

Gene
All holdings and some statistics on my Fool profile page
https://discussion.fool.com/u/gdett2/activity (Click Expand)

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You mean the strategy-within-a-strategy ETF? Little bit of a MST(er)Y to me :slight_smile:

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Hi @HohumYNWA,

No. MSTY writes against MicroStrategy Incorporated (MSTR), an AI business.

Does that help you?

Gene
All holdings and some statistics on my Fool profile page
https://discussion.fool.com/u/gdett2/activity (Click Expand)

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We are really saying the same thing
You’ve never expanded the ticker, eh? Let me help –
YieldMax MSTR (MicroStrategy) Option Income Strategy ETF (MSTY) i.e. (Micro)Strategy within (Income) Strategy ETF

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Regarding YMAG - a data-point
I just noticed the fourth installment of the [edit: October] weekly div posted on 10/25.
Relative to the other payouts - the fourth is much, much lower.

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11/01
YMAG - new data-point.
First Nov payment today. Payout similar to Oct week 1
Significant change to last week’s payout.
With the limited data we have, it is too early to tell. But, the Oct payout is more like X, 1.5X, 1.5X, 0.4X. Nov 2024 has started with X

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11/22
YMAG paid its 4th div for Nov.
Within the month, the trend seemed to stay the same
So, if the first payout was Y, the set of four weeks were
Y, 1.3Y, 1.3Y, 0.4Y
I originally thought, with the holiday, YMAG would skip next week.
But, that’s not the case. With the first payout in Dec shifted to Mon 12/02/24, there are five payouts in Dec 2024
https://www.yieldmaxetfs.com/distribution-schedule/

Good discovery prior to Thanksgiving. Now I can probably grab myself more YMAG, as a good stock-ing stuffer.

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