AMZY Dividend: Yield, Schedule, and What to Expect

Last updated August 2026

Short answer

AMZY's approximate Headline distribution rate has run very high, roughly 30% to 38% on an annualized basis depending on the month (about 31.8% as of late June 2026). This is a distribution rate, not a traditional dividend yield. It reflects monthly option-premium payouts annualized off a falling share price, and a large share of recent distributions has been return of capital (about 89% of the June 2026 payout was estimated return of capital, with only about 11% income). The 30-day SEC yield was far lower, around 2.6%. yield (as of early 2026) makes it an income-oriented fund, about $30383182 a year on a $10,000 position before tax. It tracks synthetic covered-call income on Amazon (AMZN) and passes through the income its holdings generate, monthly, net of the 1.01% expense ratio. If income is your goal, AMZY earns its place as a yield-paying core holding. If total return is the goal, the yield matters less than cost and what it holds. Yield is a recent snapshot, not a promise; verify the current figure with YieldMax.

How does the AMZY dividend work?

AMZY holds what is in synthetic covered-call income on Amazon (AMZN), collects the income those holdings generate, and distributes it to shareholders monthly, net of its 1.01% fee. The yield you see is trailing distributions divided by price, so it drifts as both change: a falling price raises the quoted yield without a single extra dollar being paid out.

The YieldMax AMZN Option Income Strategy ETF (AMZY) is an actively managed, single-stock option-income fund issued under the YieldMax brand and run on the Tidal Trust II platform. It aims to produce high monthly income from Amazon (AMZN) by holding synthetic long exposure to the stock (through options) and systematically writing call options against that exposure. The premiums collected from selling calls fund the distributions. This is a covered-call style income strategy, not a leveraged fund: it does not aim to multiply Amazon's daily return. The trade-off is structural. Selling calls caps how much AMZY can gain when Amazon rallies, while the fund still participates in most of the downside when Amazon falls. Over time this asymmetry, combined with paying out option premium each month, tends to erode the fund's net asset value and share price. Since inception in October 2023, AMZY's total return (with distributions reinvested) has trailed simply holding Amazon stock, and its share price has fallen meaningfully even as it paid large distributions. The fund carries an expense ratio of about 1.01% and pays monthly. Investors should understand that the eye-catching distribution rate is annualized from monthly payouts off a declining NAV and frequently includes a large return-of-capital component, which is effectively giving investors back their own money rather than generating new income.

What AMZY's dividend pays on a real position

Approximate yield: Headline distribution rate has run very high, roughly 30% to 38% on an annualized basis depending on the month (about 31.8% as of late June 2026). This is a distribution rate, not a traditional dividend yield. It reflects monthly option-premium payouts annualized off a falling share price, and a large share of recent distributions has been return of capital (about 89% of the June 2026 payout was estimated return of capital, with only about 11% income). The 30-day SEC yield was far lower, around 2.6%. (early 2026).
Income on $10,000: roughly $30383182 a year before tax, or about $303,831,820 on $100,000.
Versus the market: the S&P 500 yields around 1.2%, so AMZY pays more.
Schedule: monthly, in line with how this kind of fund collects income. YieldMax publishes the exact ex-dividend and pay dates.
Fee: the 1.01% expense ratio comes out before you receive anything, so the yield above is already net of it.

How AMZY distributions are taxed

A large share of AMZY's distributions are usually qualified dividends, taxed at long-term capital-gains rates rather than as ordinary income, provided the holding-period tests are met by both the fund and you. Some portion can still be ordinary, and REIT or option-income components generally are. YieldMax's annual 1099 shows the actual split. Inside an IRA, Roth, or 401(k) none of it applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.

If income is your goal, compare AMZY against dividend-focused funds. See the best dividend ETFs roundup and best ETFs for monthly income, or analyze how AMZY's income fits your real portfolio in Walnut.

The bottom line on the AMZY dividend

The bottom line: at an approximate Headline distribution rate has run very high, roughly 30% to 38% on an annualized basis depending on the month (about 31.8% as of late June 2026). This is a distribution rate, not a traditional dividend yield. It reflects monthly option-premium payouts annualized off a falling share price, and a large share of recent distributions has been return of capital (about 89% of the June 2026 payout was estimated return of capital, with only about 11% income). The 30-day SEC yield was far lower, around 2.6%. yield, AMZY is an income-oriented fund. If income is your goal, its yield earns its place alongside the synthetic covered-call income on Amazon (AMZN) exposure it carries. If total return is the goal, the yield matters less than cost and what it holds. Treat the figure as a moving snapshot, not a fixed rate, and verify the current yield with YieldMax.

More on AMZY

What is AMZY? (holdings, cost, performance, and the themes it covers)
Is AMZY a buy? (what you are buying, the case for it, and what to weigh)

Investing in AMZY with AI

Connect the broker you already use and ask Walnut's AI how AMZY fits what you actually hold: what it overlaps with, what it leaves you exposed to, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.

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FAQ

What is AMZY's dividend yield?

Approximately Headline distribution rate has run very high, roughly 30% to 38% on an annualized basis depending on the month (about 31.8% as of late June 2026). This is a distribution rate, not a traditional dividend yield. It reflects monthly option-premium payouts annualized off a falling share price, and a large share of recent distributions has been return of capital (about 89% of the June 2026 payout was estimated return of capital, with only about 11% income). The 30-day SEC yield was far lower, around 2.6%. as of early 2026. On a $10,000 position that is roughly $30383182 of distributions a year before tax. The S&P 500 yields around 1.2%, so AMZY pays meaningfully more than the broad market. Yield is trailing distributions divided by price, so it moves when either changes; verify the current figure on YieldMax's fund page.

How often does AMZY pay a dividend?

AMZY is an option-income fund, and funds of that kind almost always distribute monthly rather than quarterly, because the income they collect arrives monthly too. YieldMax publishes the exact ex-dividend and pay dates in AMZY's distribution calendar, which is the figure to rely on.

Does AMZY pay monthly dividends?

Yes, AMZY is the kind of fund that distributes monthly. That suits people who want the income to arrive on a regular cadence, though monthly payments make no difference to total return, only to timing. Confirm the schedule on YieldMax's distribution calendar.

Where does AMZY's dividend come from?

AMZY tracks synthetic covered-call income on Amazon (AMZN) and holds names such as AMZN. The fund collects the income those holdings generate and passes it through to you. The 1.01% expense ratio is taken out along the way, so the yield you see is already net of the fee: you do not pay it separately.

When is AMZY's ex-dividend date?

YieldMax sets and publishes it on AMZY's fund page, and it moves with each distribution, so we do not quote a fixed date here. What it means is the cutoff: buy on or after the ex-dividend date and the seller keeps that distribution. Buying just before the ex-date to capture a payment is not free money, because the fund's price typically drops by roughly the distribution amount when it goes ex.

Can I reinvest AMZY dividends?

Yes. Most brokers let you turn on automatic dividend reinvestment (a DRIP) so AMZY distributions buy more shares, often fractional ones, without you doing anything. It compounds the position over time. It does not change the tax treatment: in a taxable account the distribution is taxable in the year it is paid, whether you reinvest it or take the cash.

Is AMZY a good choice for dividend income?

Walnut is informational, not investment advice. AMZY yields roughly Headline distribution rate has run very high, roughly 30% to 38% on an annualized basis depending on the month (about 31.8% as of late June 2026). This is a distribution rate, not a traditional dividend yield. It reflects monthly option-premium payouts annualized off a falling share price, and a large share of recent distributions has been return of capital (about 89% of the June 2026 payout was estimated return of capital, with only about 11% income). The 30-day SEC yield was far lower, around 2.6%., which is a genuine income yield. At that rate, $100,000 in AMZY generates roughly $303,831,820 a year before tax. The trade-off to check is what you give up elsewhere: higher-yielding funds often tilt toward slower-growing sectors or use options strategies that cap upside. See the best dividend ETFs roundup to compare.

Are AMZY dividends qualified?

Usually a large share of them are. Dividends passed through from US companies are qualified, and so taxed at long-term capital-gains rates, when the fund and you both meet the holding-period tests. Some portion can still be ordinary income, and option-income and REIT distributions generally are. YieldMax's annual 1099 shows the actual split. In an IRA or Roth the distinction does not matter. This is not tax advice.

Walnut is informational, not investment advice. Dividend yields and schedules are approximate, stamped to early 2026, and change; verify current figures with YieldMax or your broker.