NVDY Ex-Dividend Date & Dividend Calculator

YieldMax NVDA Option Income Str (NVDY) is an ETF that funds its dividend through covered-call option premium, paying a weekly distribution at a yield of 33.7%. 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 — NVDY (YieldMax NVDA Option Income Strategy ETF) doesn't buy NVDA stock outright. Instead, it combines options (selling and buying calls, among other legs) to build synthetic exposure to NVDA's price. The entire design is aimed at extracting option premium from NVDA's characteristically high implied volatility as the source of the distribution.

Payout mechanics and outcome — The distribution is effectively all call-selling premium (see the yield and cadence in the card above). Even when NVDA surges, the sold calls cap the upside relative to owning the stock outright — and when NVDA sells off, the premium alone often can't fully offset the decline, which can erode the fund's NAV.

Things to watch — Zero diversification and 100% single-stock exposure is the core risk. A single NVDA earnings report or semiconductor-sector headline can move both the payout level and the NAV sharply. This is closer to a volatility-selling strategy than a traditional dividend stock — size it as a satellite position for converting NVDA volatility into income, not as a substitute for holding NVDA itself. Read the YieldMax structure explainer and how NAV erosion works, then compare the actual 5-year path in the 5-year simulator.

The numbers right now (as of 2026.09.09) — the dividend yield is 33.7%, paid weekly. NVDY's recent payments haven't varied enough to trigger the variable-dividend classification. Recent payments has stayed fairly steady payment to payment (variability score 0.11). The per-payment amount is about $0.0960, 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.

What to check if you're holding it — NVDY's distribution is funded directly by NVDA options' implied volatility. In a week with an NVDA earnings report or a major semiconductor-sector headline, implied volatility can swing sharply, and the next distribution can swing right along with it. The ex-dividend date shown (2026-09-10) is not an official announcement — it's estimated from past payment intervals. The single-stock covered-call structure explainer and the weekly-dividend ETF roundup can help you interpret week-to-week moves.