NVDL Dividend: Yield, Schedule, and What to Expect
Last updated August 2026
Short answer
NVDL's approximate ~0% yield (as of mid-2026) makes it a growth-first, low-yield fund. It tracks 2x daily NVIDIA (NVDA) exposure via swaps and options 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; NVDL 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 GraniteShares.
How does the NVDL dividend work?
NVDL holds what is in 2x daily NVIDIA (NVDA) exposure via swaps and options, 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.
NVDL is a leveraged single-stock ETF that seeks daily investment results of 200% of NVIDIA's daily price change, using total-return swaps and options. The expense ratio is roughly 1.05%. Its critical nuance versus simply owning NVDA is the daily reset: leverage is rebalanced each day, so over multiple days compounding causes NVDL's return to diverge from twice NVDA's, especially in volatile markets.
What NVDL's dividend pays on a real position
- Approximate yield: ~0% (mid-2026).
- Versus the market: the S&P 500 yields around 1.2%.
- Schedule: set by the fund, most often quarterly. GraniteShares 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 NVDL distributions are taxed
A large share of NVDL'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. GraniteShares'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 NVDL against dividend-focused funds. See the best dividend ETFs roundup and best ETFs for monthly income, or analyze how NVDL's income fits your real portfolio in Walnut.
The bottom line on the NVDL dividend
The bottom line: at an approximate ~0% yield, NVDL is a growth-first, low-yield fund. If income is your goal, dedicated dividend funds pay more; NVDL is the wrong tool for yield and the right one for total-return 2x daily NVIDIA (NVDA) exposure via swaps and options 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 GraniteShares.
More on NVDL
- What is NVDL? (holdings, cost, performance, and the themes it covers)
- Is NVDL a buy? (what you are buying, the case for it, and what to weigh)
Investing in NVDL with AI
Connect the broker you already use and ask Walnut's AI how NVDL 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.
FAQ
What is NVDL's dividend yield?
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Approximately ~0% as of mid-2026. Yield is trailing distributions divided by price, so it moves when either changes; verify the current figure on GraniteShares's fund page.
How often does NVDL pay a dividend?
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Equity ETFs like NVDL 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. GraniteShares publishes NVDL'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 NVDL pay monthly dividends?
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Probably not. NVDL is an equity fund, and equity ETFs generally distribute quarterly; monthly distributions are the norm for bond, Treasury, and option-income funds instead. Check GraniteShares's distribution calendar for NVDL's actual schedule, and see our roundup of the best ETFs for monthly income if the cadence is what you are after.
Where does NVDL's dividend come from?
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NVDL tracks 2x daily NVIDIA (NVDA) exposure via swaps and options and holds names such as NVDA, CASH. 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 NVDL's ex-dividend date?
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GraniteShares sets and publishes it on NVDL'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 NVDL dividends?
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Yes. Most brokers let you turn on automatic dividend reinvestment (a DRIP) so NVDL 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 NVDL a good choice for dividend income?
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Walnut is informational, not investment advice. NVDL yields roughly ~0%, which is the figure to check against your income needs. If income is the goal, dedicated dividend and income ETFs target more; NVDL is built for total return. See the best dividend ETFs roundup to compare.
Are NVDL dividends qualified?
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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. GraniteShares'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 mid-2026, and change; verify current figures with GraniteShares or your broker.