MSTU Dividend: Yield, Schedule, and What to Expect

Last updated August 2026

Short answer

MSTU's approximate 0% (no regular distributions) yield (as of early 2026) makes it a growth-first, low-yield fund. It tracks 2x daily MicroStrategy/Strategy (MSTR) and passes through the income its holdings generate, usually quarterly, net of the 1.05% expense ratio. If income is your goal, look to dedicated dividend funds for more; MSTU is built for total return, not yield. 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 REX Shares.

How does the MSTU dividend work?

MSTU holds what is in 2x daily MicroStrategy/Strategy (MSTR), collects the income those holdings generate, and distributes it to shareholders on the schedule the fund sets, most often quarterly, net of its 1.05% 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 T-Rex 2X Long MSTR Daily Target ETF (MSTU) is a geared, single-stock exchange-traded fund issued by REX Shares in partnership with Tuttle Capital Management under the T-Rex brand. It launched on September 17, 2024 and seeks daily investment results, before fees and expenses, of 200% of the daily performance of Strategy (formerly MicroStrategy, ticker MSTR). MSTU obtains its exposure primarily through swap agreements rather than by holding MSTR shares directly, giving it roughly 200% notional exposure to a single underlying stock. The fund carries a total expense ratio of about 1.05% and pays no regular dividend. Its objective is reset each trading day, so its leverage applies only to a single day's return. Over periods longer than one day, returns can diverge sharply from twice the cumulative move of MSTR because of compounding and daily-reset decay, an effect that grows with the volatility of the underlying. MSTR is already an unusually volatile stock because the company holds a large bitcoin treasury and uses leverage, making the stock behave like a leveraged bet on bitcoin. Layering an additional 2x daily target on top makes MSTU one of the most volatile ETFs in existence. It is designed and marketed as a short-term tactical trading instrument for sophisticated traders who actively monitor positions, not as a buy-and-hold investment.

What MSTU's dividend pays on a real position

Approximate yield: 0% (no regular distributions) (early 2026).
Versus the market: the S&P 500 yields around 1.2%.
Schedule: set by the fund, most often quarterly. REX Shares publishes the exact ex-dividend and pay dates.
Fee: the 1.05% expense ratio comes out before you receive anything, so the yield above is already net of it.

How MSTU distributions are taxed

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

The bottom line on the MSTU dividend

The bottom line: at an approximate 0% (no regular distributions) yield, MSTU is a growth-first, low-yield fund. If income is your goal, dedicated dividend funds pay more; MSTU is the wrong tool for yield and the right one for total-return 2x daily MicroStrategy/Strategy (MSTR) exposure. 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 REX Shares.

More on MSTU

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

Investing in MSTU with AI

Connect the broker you already use and ask Walnut's AI how MSTU 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 MSTU's dividend yield?

Approximately 0% (no regular distributions) as of early 2026. Yield is trailing distributions divided by price, so it moves when either changes; verify the current figure on REX Shares's fund page.

How often does MSTU pay a dividend?

Equity ETFs like MSTU 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. REX Shares publishes MSTU'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 MSTU pay monthly dividends?

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

Where does MSTU's dividend come from?

MSTU tracks 2x daily MicroStrategy/Strategy (MSTR) and holds names such as MSTR. The fund collects the income those holdings generate and passes it through to you. The 1.05% 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 MSTU's ex-dividend date?

REX Shares sets and publishes it on MSTU'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 MSTU dividends?

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

Walnut is informational, not investment advice. MSTU yields roughly 0% (no regular distributions), which is the figure to check against your income needs. If income is the goal, dedicated dividend and income ETFs target more; MSTU is built for total return. See the best dividend ETFs roundup to compare.

Are MSTU 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. REX Shares'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 REX Shares or your broker.