QYLD raises monthly dividend 2.81% to $0.1830 per share

QYLD (Global X NASDAQ 100 Covered Call ETF) has announced a monthly dividend increase of 2.81%, raising the payout to $0.1830 per share. The ex-dividend date for this payment is August 24, 2026.

The numbers

The new dividend of $0.1830 per share compares to the previous payment of $0.1780. This marks the latest in a series of monthly distributions, with recent payments including $0.172 (March 2026), $0.179 (April), $0.179 (May), $0.185 (June), and $0.178 (July). Based on the current price of $18.06, the trailing twelve-month yield stands at 11.77%, with a trailing twelve-month dividend per share of $2.1260. Over the past five years, the dividend has declined at a compound annual growth rate of -4.3%, and the fund has not recorded consecutive years of increases.

What it means for income investors

For investors holding 100 shares, the new monthly rate implies an annualized income of approximately $219.60, based on the current payout. This increase provides a modest boost to monthly cash flow, though the fund's long-term dividend trend has been downward. As always, investors should review the fund's dividend history and consider their own income needs.

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