RYLD raises monthly dividend 2.48% to $0.1650 per share

DividendSmart has detected a dividend increase for RYLD (Global X Russell 2000 Covered Call ETF). The ETF will pay $0.1650 per share on its upcoming monthly dividend, up 2.48% from the previous payment of $0.1610. The ex-dividend date for this payment is set for 2026-08-24.

The numbers

This marks the latest in a series of monthly payments for RYLD. Recent payments include $0.148 (March 2026), $0.157 (April), $0.157 (May), $0.162 (June), and $0.161 (July). The new payment of $0.1650 represents a modest increase from the prior month. Based on the current price of $16.21, the ETF's trailing twelve-month yield stands at 11.58%, with a TTM dividend per share of $1.8770. However, the 5-year dividend CAGR is -5.4%, and the ETF has not recorded consecutive years of dividend increases (0 years).

What it means for income investors

For income investors, the new monthly rate of $0.1650 per share translates to an annualized payout of $1.98 per share, which would yield approximately 12.2% at the current price. On a 100-share position, this equates to $16.50 per month, or $198 annually. While this raise is positive, it is important to note the ETF's historical dividend decline over the past five years. Investors should review the full dividend history to understand the payment trends.

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