GPIQ cuts monthly dividend 6.36% to $0.486 per share

GPIQ (Goldman Sachs Nasdaq-100 Premium Income ETF) has announced a monthly dividend cut. The new payment of $0.4860 per share represents a 6.36% decrease from the previous $0.5190. The ex-dividend date for this payment is 2026-08-03.

The numbers

This cut follows a series of recent monthly payments: $0.453 on 2026-03-02, $0.432 on 2026-04-01, $0.483 on 2026-05-01, $0.519 on 2026-06-01, and $0.519 on 2026-07-01. The new payment brings the TTM dividend per share to $5.6610, with a TTM yield of 10.15% based on the current price of $55.78. GPIQ has a record of 2 consecutive years of dividend increases, but this cut breaks that streak. The 5-year dividend CAGR is not available due to the ETF's relatively short history.

What it means for income investors

For income investors, the new annualized rate implies approximately $58.32 per year for every 100 shares held, down from $62.28 previously. This reduction may impact those relying on consistent monthly income. However, the yield remains attractive at over 10%, and investors should monitor the fund's payment history for future trends.

Reporting based on: DividendSmart market data. Figures verified against market data where available.