AMZY Dividend: Yield, Schedule, and What to Expect

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. It tracks synthetic covered-call income on Amazon (AMZN) and passes through the dividends of its holdings, typically quarterly, minus a 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 (Tidal Investments / Tidal Trust II).

How does the AMZY dividend work?

AMZY holds the companies in synthetic covered-call income on Amazon (AMZN), collects the dividends they pay, and distributes them to shareholders (usually quarterly), net of its 1.01% fee. The yield you see is the trailing distributions divided by price, so it drifts as both change.

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.

How does AMZY's dividend yield compare?

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).
What drives it: the payout of the underlying synthetic covered-call income on Amazon (AMZN) holdings.
Fee drag: the 1.01% expense ratio is deducted before you receive distributions.
For more income: dedicated dividend or income ETFs target higher yield, with their own trade-offs.

If income is your goal, compare AMZY against dividend-focused funds. See the best dividend ETFs roundup, 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 (Tidal Investments / Tidal Trust II).

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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. Yield moves with price and distributions, so treat it as a recent snapshot and verify the current figure on YieldMax (Tidal Investments / Tidal Trust II)'s fund page.

How often does AMZY pay a dividend?

Most US equity ETFs like AMZY distribute dividends quarterly, passing through the dividends their underlying holdings pay. Confirm the exact schedule and ex-dividend dates with YieldMax (Tidal Investments / Tidal Trust II).

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 dividends those companies pay and passes them to you, minus the 1.01% expense ratio.

Can I reinvest AMZY dividends?

Yes. Most brokers let you turn on automatic dividend reinvestment (a DRIP) so AMZY distributions buy more shares automatically. This compounds over time but still counts as taxable income in a taxable account.

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 on the higher side for an equity ETF. Dedicated dividend ETFs target higher yield; broad-market funds prioritize total return over yield. Match the choice to whether you want income now or growth.

Are AMZY dividends qualified?

Many dividends from a US large-cap equity ETF like AMZY are qualified (taxed at lower long-term rates) if holding-period rules are met, but some portion can be ordinary. Tax treatment depends on your situation; confirm with a tax professional and YieldMax (Tidal Investments / Tidal Trust II)'s tax documents.

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