RYLD Ex-Dividend Date & Dividend Calculator

Global X Russell 2000 Covered C (RYLD) is an ETF that funds its dividend through covered-call option premium, paying a monthly distribution at a yield of 8.8%. 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.

Product structure — RYLD is a covered-call ETF that sells call options against the Russell 2000 (small-cap) index. Rather than targeting one name, it sells options across a whole index, which is what separates it from the single-stock structures.

Payout mechanics — The listed yield is 8.8% (as of 2026.09.06), paid monthly, with per-payment amounts that has stayed very stable payment to payment (variability score 0.03). As of now, RYLD's payment history isn't volatile enough to be classified as variable-dividend. Selling options at the index level tends to leave a somewhat softer upside cap than single-name funds. The per-payment amount is about $0.1650, 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. When making decisions about RYLD, it's safer to treat the $0.1650 figure above as one reference among several rather than the sole basis.

Risk to watch — Since the payout leans heavily on premium income, an index correction can erode NAV independent of how large the distribution looks. 2026-09-21 is a projection based on past payment gaps, not an actual company announcement. See the monthly-dividend ETF roundup and covered-call ETF risk guide, then check the 5-year simulator. RYLD holders should watch which direction the $0.1650 per-payment figure moves over time — a trend across several payments matters more than any single number.

Summary — Annualizing Global X Russell 2000 Covered C's ($0.1650) per-payment amount at 12 payments a year comes to roughly $1.98. The actual amount can change every period, so this figure isn't guaranteed. It's easy to anchor on the headline yield alone, but for RYLD the fact that payments has stayed very stable payment to payment (variability score 0.03) is the more useful signal for what to expect period to period. None of this replaces doing your own homework on RYLD — the $0.1650 figure is a starting point, not the final word.