YMAG Ex-Dividend Date & Dividend Calculator

YieldMax Magnificent 7 Fund of (YMAG) is an ETF that funds its dividend through covered-call option premium, paying a weekly distribution at a yield of 41.1%. 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 tracking one underlying name, YMAG is a fund-of-funds bundling individual YieldMax funds tied to the 'Magnificent Seven' large-cap tech names.

Payout mechanics — The payout source is option premium, not the underlying holdings, paid weekly. Yield currently reads 41.1% (as of 2026.10.21), and payments has stayed fairly steady payment to payment (variability score 0.09). YMAG falls under the variable-dividend cutoff, making it relatively more predictable. The per-payment amount is about $0.0770, 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. When making decisions about YMAG, it's safer to treat the $0.0770 figure above as one reference among several rather than the sole basis.

Risk to watch — Diversification here only softens the blow from any single holding — the option-selling structure's capped upside and NAV-erosion risk apply just the same. 2026-10-21 is a projection based on past payment gaps, not an actual company announcement. See how NAV erosion works and the YieldMax structure explainer, then compare outcomes in the 5-year simulator. None of this replaces doing your own homework on YMAG — the $0.0770 figure is a starting point, not the final word.

Summary — YMAG (YieldMax Magnificent 7 Fund of ) pays $0.0770 per period on a weekly cadence. Simply annualized at 52x/year, that's about $4.00 — purely arithmetic assuming current terms hold, nothing more. It's easy to anchor on the headline yield alone, but for YMAG the fact that payments has stayed fairly steady payment to payment (variability score 0.09) is the more useful signal for what to expect period to period. If you're holding or considering YMAG, treat this $0.0770 per-payment figure as a reference point rather than a buy/hold signal — not a conclusion from one snapshot.