YMAX Ex-Dividend Date & Dividend Calculator

YieldMax Universe Fund of Optio (YMAX) is an ETF that funds its dividend through covered-call option premium, paying a weekly distribution at a yield of 42.9%. 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 — Unlike the single-stock names above, YMAX is a fund-of-funds bundling the entire YieldMax fund lineup — the most broadly diversified in this family. It doesn't pin its exposure to one underlying asset.

Payout mechanics — The payout source is option premium, not the underlying holdings, paid weekly. Yield currently reads 42.9% (as of 2026.09.06), and payments has stayed fairly steady payment to payment (variability score 0.09). As of now, YMAX's payment history isn't volatile enough to be classified as variable-dividend. The per-payment amount is about $0.0600, 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 YMAX — the $0.0600 figure is a starting point, not the final word.

Risk to watch — Basket exposure smooths out any single holding's bad week, but the fund is still built entirely on selling options against volatile names, so the ceiling on gains and the NAV-erosion mechanism apply to the basket as a whole. The ex-dividend date shown (2026-09-09) is not an official announcement — it's estimated from past payment intervals. See the YieldMax structure explainer for how that basket-level exposure actually works. None of this replaces doing your own homework on YMAX — the $0.0600 figure is a starting point, not the final word.

Summary — YieldMax Universe Fund of Optio pays $0.0600 per weekly period. At 52 payments a year that annualizes to roughly $3.12, a simple projection that assumes no change to the current payment. None of this is static — YMAX's payments has stayed fairly steady payment to payment (variability score 0.09), and the schedule above reflects the most recently known ex-dividend timing rather than a fixed calendar. Re-check before relying on any single figure here. When evaluating YMAX, cross-check the $0.0600 per-payment figure against the other numbers in the card above — no single metric should carry the whole judgment.