- Pays: weekly — typically going ex-dividend on Mondays.
- First paid: mid-2025, shortly after launch.
- What it is: Roundhill's WeeklyPay fund on ROBINHOOD — swap-based exposure targeting 1.2x HOOD's weekly return, with a distribution every week.
- Not option income: like sibling PLTW, it sells nothing — the payout is a slice of a leveraged position, so upside isn't capped and downside is amplified.
- The checks swing violently: recent weeks span roughly 24 to 59 cents — a leveraged echo of whatever HOOD's stock just did.
HOOW's distributions vary sharply week to week and carry return-of-capital mechanics; 1.2x leverage means it falls harder than Robinhood's stock in down weeks.
HOOW pays weekly. Each point below is one distribution since mid-2025 — note how violently the amounts swing versus any option-income fund we track.
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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
| Recent Ex-Dividend Dates | Distribution / Share |
|---|
"Next expected" is estimated from HOOW's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.
A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.
Robinhood's stock is itself a bet on retail-trading mania — revenue rises when markets get wild — and HOOW amplifies that bet to 1.2x while paying out weekly. There's no option-selling here: the distribution is essentially a scheduled withdrawal from a leveraged position. Great weeks produce fat checks and a rising NAV; bad weeks produce thin checks and amplified losses; choppy sideways stretches quietly cost extra through leverage-reset decay.
In its first year HOOW has distributed at an enormous pace (roughly $32/share in 2025's partial year on a ~$28 fund), which is the leverage talking, not free money. Judge it strictly against just owning HOOD — the total-return backtest above does exactly that math with real prices.
| Year | Total Distributions / Share | Payments | Change vs Prior Year |
|---|
Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources.
Calculated from complete calendar years in the data above. Past results don't guarantee future payments.
When Is HOOW's Next Ex-Dividend Date?
HOOW pays weekly — typically going ex-dividend on Mondays. 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 HOOW's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
HOOW's Record: The Leveraged Weekly-Pay Frontier
HOOW — the Roundhill HOOD WeeklyPay ETF — arrived in mid-2025 as part of the WeeklyPay family's expansion, and promptly demonstrated what 1.2x leverage on a volatile brokerage stock looks like as a payout stream: roughly $32 per share distributed in its first half-year, with individual weeks ranging from two dimes to six. The chart above is that whole wild ride.
The Machinery: Swaps and a Schedule
HOOW's swaps target 1.2 times HOOD's calendar-week return; the weekly distribution is carved from whatever that produces. It keeps rallies (amplified) — the feature option-income funds surrender — and keeps crashes (amplified) too, with weekly leverage resets grinding away value in choppy markets. The honest comparison isn't against income funds at all; it's against simply owning Robinhood stock with a margin loan and selling a slice every Monday.
Who This Is Actually For
A Robinhood bull who wants amplified exposure and a weekly cash drip, with eyes open about return-of-capital tax character and leverage decay (the fine print). For the same wrapper on a different stock, see PLTW. Next expected date on the live calendar.
Return of Capital, Demystified
When a fund's distribution is partly your own money coming back — and how to read it honestly.
Read: ROC & NAV Erosion