DIVO Ex-Dividend Date & Dividend Calculator

Amplify CWP Enhanced Dividend I (DIVO) is an ETF that funds its dividend through covered-call option premium, paying a monthly distribution at a yield of 2.9%. In exchange for a high payout, upside is capped and there's a risk of NAV erosion. Evaluate it on long-run total return (dividend + price), not short-term income alone.

The distribution amount is a variable-dividend structure that changes month to month with option-market volatility, so past yield does not guarantee future payments. Before investing, read the covered-call ETF risk guide and the complete dividend-types guide.

Strategy structure — DIVO (Amplify CWP Enhanced Dividend Income ETF) doesn't mechanically write calls against 100% of the portfolio. Instead, the managers actively judge market conditions and sell call options selectively against a portion of holdings — an actively managed covered-call approach. The portfolio holds 20-25 large-cap names with an actual history of paying dividends — unlike MSTY or NVDY, which use options alone to synthesize exposure, DIVO holds the real underlying stocks.

Payout mechanics and outcome — The monthly distribution blends the holdings' actual dividends (qualified dividends) with option premium. Because the fund doesn't overwrite the entire portfolio, it doesn't give up all of the upside to sold calls — but that also means it collects less premium than a fully-overwritten fund. It's a middle-ground structure aiming for both a high yield and some upside participation.

Things to watch — Concentration in 20-25 names means more single-stock risk than a broadly diversified fund like SCHD. The expense ratio (around 0.55%) also runs higher than a typical index dividend ETF, which matters for long-term holders. Read the covered-call ETF risk guide and compare dividend-growth ETFs first, then check the actual value path in the 5-year simulator.

The numbers right now (as of 2026.09.06) — the dividend yield is 2.9%, paid monthly. DIVO's recent payments haven't varied enough to trigger the variable-dividend classification. Recent payments has stayed very stable payment to payment (variability score 0.03). The per-payment amount is about $0.1950, paid roughly 12 times a year. This figure is recalculated every period, so it isn't guaranteed to hold going forward — it's a reference point based on past payment history.

What to check if you're holding it — Because DIVO is actively managed, the managers adjust how much of the portfolio is call-written from period to period. If one distribution looks unusually large or small, the first thing worth suspecting is a shift in how much was written that period. The ex-dividend date shown (2026-09-27) is not an official announcement — it's estimated from past payment intervals. Reading up on how NAV erosion works can help you interpret moves in the share price.