XYLD Ex-Dividend Date & Dividend Calculator

Global X S&P 500 Covered Call E (XYLD) is an ETF that funds its dividend through covered-call option premium, paying a monthly distribution at a yield of 9.4%. 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 — XYLD is a covered-call ETF that sells call options against the full S&P 500 index. Unlike the single-stock YieldMax names above, it sells options against an entire index's holdings rather than one stock.

Payout mechanics — The listed yield is 9.4% (as of 2026.09.06), paid monthly, with per-payment amounts that has stayed fairly steady payment to payment (variability score 0.09). XYLD currently sits below the threshold used to classify a name 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 $0.3110, 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. XYLD's $0.3110 per-payment figure is a snapshot, not a recommendation — weigh it against your own research before acting.

Risk to watch — Index-level premium income softens single-stock risk but not market-wide risk — a broad drawdown still shows up in XYLD's NAV even while the distribution keeps flowing. The ex-date listed above (2026-09-21) is an estimate derived from historical payment spacing, not a confirmed filing — don't treat it as final. The monthly-dividend ETF roundup covers how that trade-off plays out across this whole product category. When making decisions about XYLD, it's safer to treat the $0.3110 figure above as one reference among several rather than the sole basis.

Summary — Annualizing Global X S&P 500 Covered Call E's ($0.3110) per-payment amount at 12 payments a year comes to roughly $3.73. The actual amount can change every period, so this figure isn't guaranteed. Alongside the yield and the 2026-09-21 figure in the card above, it helps to note that payments has stayed fairly steady payment to payment (variability score 0.09). That said, all of these numbers are snapshots that get recalculated at each refresh cycle. XYLD's $0.3110 per-payment figure is a snapshot, not a recommendation — weigh it against your own research before acting.