DACL Dividend History

When Is DACL's Next Ex-Dividend Date?

DACL pays monthly. The exact date of each payout is announced by the fund only shortly beforehand, so no site can promise the next date — but the live schedule box above shows the most recent ex-dividend date and the expected window for the next one, computed from DACL's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.

DACL's Record So Far

DACL — the REX Defensive Autocallable Income ETF — began trading August 13, 2026 and paid its first distribution the following month. The record charted below is a few checks long, and that is the honest headline: a fund whose coupons are observed monthly needs a year before its record describes anything, and anyone quoting a yield on it today is quoting a target with a short history attached.

That is also why this page shows less than its siblings do. A trailing-twelve-month total needs twelve months and DACL will not have one until August 2027; a median check and a steadiness reading need enough payments for a middle value to mean something, and two or three do not provide one. Those figures appear here when the record can support them, and not before. What the chart below can already tell you is the direction of each check against the one before it.

Where the Income Comes From

REX's index starts a new synthetic autocallable on a rolling daily basis and holds at least 252 of them at once, each with a five-year tenor and a one-year non-call period. Coupons and autocall observations happen monthly, and the monthly coupon barrier sits at 60% of each position's starting level — so income survives a 40% fall in the index between a position's start and its observation date, and each observation is independent of the others.

The 50% Buffer Is Not a Floor

This is the part the fund's name does not tell you, and it is the reason to read the strategy page rather than the ticker. Each contract carries a 50% risk buffer measured only at final maturity, if the position has not autocalled first. Past that buffer, the loss is the index's decline beyond it multiplied by a 200% gearing factor. An index down 60% is 10% past the buffer, which settles as a 20% loss; down 70% settles as 40%. The buffer absorbs an ordinary bad market and doubles the cost of a severe one, which is a different shape of risk from a fund that simply falls with its index.

Reading the Rate Against the Yield

REX quoted a distribution rate of 6.90% as of October 19, 2026 and a 30-day SEC yield of 3.21% as of September 30, 2026. Those measure different things — the first annualizes one distribution, the second is a regulated calculation of net investment income — and the gap between them is where the question of what the distribution is made of lives. The fund page answers that by pointing at the 19a-1 notice rather than printing a figure, so the notice is the document to read before treating the higher number as income.

What Would Make This Page Wrong

The chart is built from our own record of DACL's declared distributions, and it holds unless REX has revised an amount or posted one since our last sweep, in which case it is behind until the next one — the date under the chart is how you tell. The distribution rate and SEC yield above are the issuer's, each as of the date printed beside it, and both move. We do not print a return-of-capital percentage for DACL because REX does not publish one on the fund page; if you need it, the 19a-1 notice is the source. And with a record this short, a check larger or smaller than the one before it doesn't prove a direction — it is one check.