YMAG declares $0.1120 per share weekly distribution, 16.67% above last week

YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) has declared a weekly distribution of $0.1120 per share, marking a 16.67% increase from the previous week's $0.0960. The ex-dividend date for this payment is set for 2026-08-12.

The numbers

This new distribution continues the fund's pattern of variable weekly payments. Recent payments include $0.076 on 2026-07-08, $0.077 on 2026-07-15, $0.092 on 2026-07-22, $0.09 on 2026-07-29, and $0.096 on 2026-08-05. The current price of YMAG is $11.29, and the trailing twelve-month (TTM) yield stands at 52.91%, with TTM dividends per share of $5.9740. The fund has a record of one consecutive year of increases, though the 5-year dividend CAGR is not applicable due to its relatively short history.

What it means for income investors

For income investors, the new weekly distribution annualizes to approximately $5.82 per share (based on $0.1120 times 52 weeks), which would imply an annual income of about $582 per 100 shares at the current distribution rate. However, it is important to note that YMAG pays variable weekly distributions that fluctuate from week to week, so this amount is not guaranteed. Investors should review the fund's dividend history to understand the variability.

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