TSLL Dividend: Yield, Schedule, and What to Expect

Last updated August 2026

Short answer

TSLL's approximate variable and unreliable (leveraged funds make irregular distributions; recent figures have ranged widely, roughly 3% to 7%), not an income vehicle yield (as of early 2026) makes it an income-oriented fund, about $3700 a year on a $10,000 position before tax. It tracks 2x daily Tesla (TSLA) and passes through the income its holdings generate, usually quarterly, net of the 0.95% (gross; roughly 0.73% net of acquired fund fees) expense ratio. If income is your goal, TSLL 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 TSLL dividend work?

TSLL holds what is in 2x daily Tesla (TSLA), collects the income those holdings generate, and distributes it to shareholders on the schedule the fund sets, most often quarterly, net of its 0.95% (gross; roughly 0.73% net of acquired fund fees) 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 Direxion Daily TSLA Bull 2X Shares (TSLL) is a leveraged exchange-traded fund that aims to deliver twice (200%) the daily percentage return of Tesla, Inc. (TSLA) stock, before fees and expenses. It achieves this exposure synthetically through total return swaps and other derivatives rather than by simply holding 2x the value in Tesla shares. The fund was launched by Direxion on August 9, 2022 as a 1.5x product and had its leverage objective raised to 2x on April 2, 2024. Its leverage objective is reset each trading day, which means TSLL only targets 2x exposure over a single day; held longer, the path of daily returns compounds and, in volatile or sideways markets, can erode value relative to a static 2x of Tesla's cumulative move. This effect is commonly called volatility drag or decay. The fund carries a relatively high expense ratio for an ETF (around 0.95% gross), reflecting the cost of running a leveraged derivatives strategy. TSLL is one of the largest leveraged single-stock ETFs, with assets that fluctuate substantially with Tesla's price and trading volume. It is designed for sophisticated, active traders who want amplified short-term exposure to Tesla and who monitor positions daily, not for long-term, passive investors.

What TSLL's dividend pays on a real position

Approximate yield: variable and unreliable (leveraged funds make irregular distributions; recent figures have ranged widely, roughly 3% to 7%), not an income vehicle (early 2026).
Income on $10,000: roughly $3700 a year before tax, or about $37,000 on $100,000.
Versus the market: the S&P 500 yields around 1.2%, so TSLL pays more.
Schedule: set by the fund, most often quarterly. Direxion publishes the exact ex-dividend and pay dates.
Fee: the 0.95% (gross; roughly 0.73% net of acquired fund fees) expense ratio comes out before you receive anything, so the yield above is already net of it.

How TSLL distributions are taxed

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

The bottom line on the TSLL dividend

The bottom line: at an approximate variable and unreliable (leveraged funds make irregular distributions; recent figures have ranged widely, roughly 3% to 7%), not an income vehicle yield, TSLL is an income-oriented fund. If income is your goal, its yield earns its place alongside the 2x daily Tesla (TSLA) 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 TSLL

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

Investing in TSLL with AI

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

Approximately variable and unreliable (leveraged funds make irregular distributions; recent figures have ranged widely, roughly 3% to 7%), not an income vehicle as of early 2026. On a $10,000 position that is roughly $3700 of distributions a year before tax. The S&P 500 yields around 1.2%, so TSLL 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 TSLL pay a dividend?

Equity ETFs like TSLL 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 TSLL'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 TSLL pay monthly dividends?

Probably not. TSLL 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 TSLL's actual schedule, and see our roundup of the best ETFs for monthly income if the cadence is what you are after.

Where does TSLL's dividend come from?

TSLL tracks 2x daily Tesla (TSLA) and holds names such as TSLA. The fund collects the income those holdings generate and passes it through to you. The 0.95% (gross; roughly 0.73% net of acquired fund fees) 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 TSLL's ex-dividend date?

Direxion sets and publishes it on TSLL'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 TSLL dividends?

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

Walnut is informational, not investment advice. TSLL yields roughly variable and unreliable (leveraged funds make irregular distributions; recent figures have ranged widely, roughly 3% to 7%), not an income vehicle, which is a genuine income yield. At that rate, $100,000 in TSLL generates roughly $37,000 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 TSLL 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.