USOI Dividend: Yield, Schedule, and What to Expect
Last updated July 2026
Short answer
USOI's approximate 49.17% yield (as of July 2026) makes it an income-oriented fund. It tracks Crude oil covered-call strategy (linked to the US Oil Fund, USO) and passes through the dividends of its holdings, typically quarterly, minus a 0.85% expense ratio. If income is your goal, USOI 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 UBS AG.
How does the USOI dividend work?
USOI holds the companies in Crude oil covered-call strategy (linked to the US Oil Fund, USO), collects the dividends they pay, and distributes them to shareholders (usually quarterly), net of its 0.85% fee. The yield you see is the trailing distributions divided by price, so it drifts as both change.
An exchange-traded note (ETN) issued by UBS AG that tracks an index applying a covered-call strategy on shares of the United States Oil Fund (USO). The strategy holds oil exposure and sells monthly call options against it, generating option premium that funds a very high distribution (recently around 49%). Two structural features are critical: as an ETN, USOI is unsecured senior debt of UBS, so its value depends on UBS's creditworthiness rather than a segregated pool of assets; and the covered-call overlay caps upside in a rising oil market while leaving downside largely intact, so it tends to lag USO when oil rallies. The high distribution can include return of capital. It is a complex, niche product rather than a simple oil position.
How does USOI's dividend yield compare?
- Approximate yield: 49.17% (July 2026).
- What drives it: the payout of the underlying Crude oil covered-call strategy (linked to the US Oil Fund, USO) holdings.
- Fee drag: the 0.85% 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 USOI against dividend-focused funds. See the best dividend ETFs roundup, or analyze how USOI's income fits your real portfolio in Walnut.
The bottom line on the USOI dividend
The bottom line: at an approximate 49.17% yield, USOI is an income-oriented fund. If income is your goal, its yield earns its place alongside the Crude oil covered-call strategy (linked to the US Oil Fund, USO) 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 UBS AG.
Build a portfolio around USOI with Walnut
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FAQ
What is USOI's dividend yield?
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Approximately 49.17% as of July 2026. Yield moves with price and distributions, so treat it as a recent snapshot and verify the current figure on UBS AG's fund page.
How often does USOI pay a dividend?
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Most US equity ETFs like USOI distribute dividends quarterly, passing through the dividends their underlying holdings pay. Confirm the exact schedule and ex-dividend dates with UBS AG.
Where does USOI's dividend come from?
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USOI tracks Crude oil covered-call strategy (linked to the US Oil Fund, USO) and holds names such as . The fund collects the dividends those companies pay and passes them to you, minus the 0.85% expense ratio.
Can I reinvest USOI dividends?
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Yes. Most brokers let you turn on automatic dividend reinvestment (a DRIP) so USOI distributions buy more shares automatically. This compounds over time but still counts as taxable income in a taxable account.
Is USOI a good choice for dividend income?
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Walnut is informational, not investment advice. USOI yields roughly 49.17%, 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 USOI dividends qualified?
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Many dividends from a US large-cap equity ETF like USOI 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 UBS AG's tax documents.
Walnut is informational, not investment advice. Dividend yields and schedules are approximate, stamped to July 2026, and change; verify current figures with UBS AG or your broker.