DPST Dividend: Yield, Schedule, and What to Expect

Last updated August 2026

Short answer

DPST's approximate ~2.7% (variable; distributions are paid quarterly and fluctuate) yield (as of early 2026) makes it an income-oriented fund, about $270 a year on a $10,000 position before tax. It tracks 3x daily S&P Regional Banks Select Industry index and passes through the income its holdings generate, usually quarterly, net of the 0.92% expense ratio. If income is your goal, DPST 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 Direxion.

How does the DPST dividend work?

DPST holds what is in 3x daily S&P Regional Banks Select Industry index, collects the income those holdings generate, and distributes it to shareholders on the schedule the fund sets, most often quarterly, net of its 0.92% 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.

Direxion Daily Regional Banks Bull 3X Shares (DPST) seeks daily investment results, before fees and expenses, of 300% of the daily performance of the S&P Regional Banks Select Industry Index. Direxion is the issuer, and the fund obtains its leveraged exposure mainly through swap agreements and other derivatives tied to the regional-banks index rather than by holding the underlying bank stocks directly. The expense ratio is roughly 0.92%, and the fund launched on August 19, 2015. DPST is built for sophisticated traders who actively monitor positions, typically intraday or over a few days. The leverage is reset daily, so over multi-day and longer periods the fund's return reflects the compounding of daily moves, which in volatile or sideways markets tends to decay relative to a simple 3x of the index's cumulative return. Regional banks are themselves a volatile, rate-sensitive and confidence-sensitive corner of the market, and applying 3x leverage on top of that amplifies both gains and losses. The 2023 regional-bank crisis, when the failures of Silicon Valley Bank and others sent regional-bank shares down sharply in a matter of days, is a clear example of how violently a fund like DPST can move.

What DPST's dividend pays on a real position

Approximate yield: ~2.7% (variable; distributions are paid quarterly and fluctuate) (early 2026).
Income on $10,000: roughly $270 a year before tax, or about $2,700 on $100,000.
Versus the market: the S&P 500 yields around 1.2%, so DPST pays more.
Schedule: set by the fund, most often quarterly. Direxion publishes the exact ex-dividend and pay dates.
Fee: the 0.92% expense ratio comes out before you receive anything, so the yield above is already net of it.

How DPST distributions are taxed

A large share of DPST'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. Direxion'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 DPST against dividend-focused funds. See the best dividend ETFs roundup and best ETFs for monthly income, or analyze how DPST's income fits your real portfolio in Walnut.

The bottom line on the DPST dividend

The bottom line: at an approximate ~2.7% (variable; distributions are paid quarterly and fluctuate) yield, DPST is an income-oriented fund. If income is your goal, its yield earns its place alongside the 3x daily S&P Regional Banks Select Industry index 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 Direxion.

More on DPST

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

Investing in DPST with AI

Connect the broker you already use and ask Walnut's AI how DPST 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.

See how it fits your portfolio

FAQ

What is DPST's dividend yield?

Approximately ~2.7% (variable; distributions are paid quarterly and fluctuate) as of early 2026. On a $10,000 position that is roughly $270 of distributions a year before tax. The S&P 500 yields around 1.2%, so DPST 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 Direxion's fund page.

How often does DPST pay a dividend?

Equity ETFs like DPST most often distribute quarterly, though the schedule is set by the fund, not by a rule, and some funds pay monthly, semi-annually, or annually. Direxion publishes DPST's distribution calendar with the exact ex-dividend and pay dates; that is the authoritative source. The mechanic that matters either way: you have to own the shares before the ex-dividend date to receive a given distribution.

Does DPST pay monthly dividends?

Probably not. DPST is an equity fund, and equity ETFs generally distribute quarterly; monthly distributions are the norm for bond, Treasury, and option-income funds instead. Check Direxion's distribution calendar for DPST's actual schedule, and see our roundup of the best ETFs for monthly income if the cadence is what you are after.

Where does DPST's dividend come from?

DPST tracks 3x daily S&P Regional Banks Select Industry index. The fund collects the income those holdings generate and passes it through to you. The 0.92% 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 DPST's ex-dividend date?

Direxion sets and publishes it on DPST'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 DPST dividends?

Yes. Most brokers let you turn on automatic dividend reinvestment (a DRIP) so DPST 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 DPST a good choice for dividend income?

Walnut is informational, not investment advice. DPST yields roughly ~2.7% (variable; distributions are paid quarterly and fluctuate), which is moderate: real income, but below what dedicated income funds target. At that rate, $100,000 in DPST generates roughly $2,700 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 DPST 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. Direxion'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 Direxion or your broker.