NFLY Ex-Dividend Date & Dividend Calculator

YieldMax NFLX Option Income Str (NFLY) is an ETF that funds its dividend through covered-call option premium, paying a weekly distribution at a yield of 35.8%. 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 — Rather than owning NFLX (a leading streaming-media name) shares, NFLY uses an options overlay to mimic NFLX's price behavior.

Payout mechanics — The payout comes from call-option premium, not from holding NFLX, and it's paid on a weekly cadence. The current yield shown is 35.8% (as of 2026.09.09), and recent payment history has swung noticeably from one payment to the next (variability score 0.19). NFLY currently sits above the variable-dividend threshold (based on the variability of its recent payment history). The per-payment amount is about $0.0556, paid roughly 52 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. None of this replaces doing your own homework on NFLY — the $0.0556 figure is a starting point, not the final word.

Risk to watch — With zero diversification and full exposure to NFLX alone, a single piece of news can move both the payout and NAV at once. Treat 2026-09-10 as a working estimate, not a locked-in date — it's derived from the spacing of past payments, nothing more. See single-stock covered-call basics and how NAV erosion works, then compare cumulative outcomes in the 5-year simulator. NFLY's $0.0556 per-payment figure is a snapshot, not a recommendation — weigh it against your own research before acting.

Summary — YieldMax NFLX Option Income Str pays $0.0556 per weekly period. At 52 payments a year that annualizes to roughly $2.89, a simple projection that assumes no change to the current payment. Alongside the yield and the 2026-09-10 figure in the card above, it helps to note that payments has swung noticeably from one payment to the next (variability score 0.19). That said, all of these numbers are snapshots that get recalculated at each refresh cycle. When evaluating NFLY, cross-check the $0.0556 per-payment figure against the other numbers in the card above — no single metric should carry the whole judgment.