YieldMax TSLA Option Income Strategy ETF declares $0.2296 dividend

YieldMax TSLA Option Income Strategy ETF (TSLY) announced a weekly dividend of $0.2296 per share. The fund’s annual distribution rate is 54.65%, with an SEC yield of 3.50%, and the payout is entirely return of capital (100%). The distribution is payable Aug. 7 to shareholders of record and ex-dividend on Aug. 6. The news is relevant mainly for income-focused investors in Tesla-linked option-income ETFs, as it signals the ETF continues to generate high headline distributions while also highlighting that the payout is not traditional income.