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- By the record: 28 payments since June 26, 2024, of which 12 fell in the twelve months to October 4, 2026, totalling $7.26 per share, up 4% on the $6.95 of the year before — roughly 15% of the recent ~$49.48 share price.
- Pays: monthly.
- First paid: June 2024 — every payment since is charted below.
- What it is: an actively managed options-overlay fund on the Russell 2000, run for high monthly income in a tax-efficient manner — the NEOS signature — while keeping room for appreciation.
- Fee: 0.76% expense ratio (issuer fund page).
- The family: sibling of SPYI and QQQI — the small-cap seat in a family built on tax-aware option income.
NEOS's edge claim is tax engineering: index options with favorable 60/40 tax treatment and active management of the overlay, rather than maximum-premium harvesting. Its pace deliberately trails IWMY's fireworks on the same index.
IWMI pays monthly. Each point below is one distribution since the fund began paying in June 2024.
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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
- Trailing 12 months: $7.26 per share across 12 payments — up 4% from $6.95 in the 12 months before. What a change like that does to your income →
- Current pace: recent payments annualize to $7.93 — 9% above the trailing figure. When those two disagree, the trailing yield is quoting the past. Live cut & raise board →
- Share price, same 12 months: up 3% (dividends excluded) — income and principal are one story. Erosion Index →
- Record: 28 payments over 2 years; the largest single payment was $0.658 (Aug 2024).
- Payment drops ≥20% below trend, last 24 months: none. Get one short email if that changes →
- Payment steadiness: the last 12 checks wobble ±2% around their median. Compare that against any fund →
Every figure above is computed from IWMI's actual payment record and share-price history as of the date shown — not copied from a fact sheet. Recomputed regularly; the chart above always shows the live data.
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| Recent Ex-Dividend Dates | Distribution / Share |
|---|
"Next expected" is estimated from IWMI'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.
The shop that built SPYI's steady-payer reputation applies the identical toolkit here to the Russell 2000 — where the raw material is wilder and the results, above, show it. IWMI extends the same playbook to the Russell 2000.
In a taxable account the after-tax gap versus an ordinary-income payer compounds yearly — invisible on yield tables, decisive on tax returns. The defining overlay is IWMI versus IWMY — tax-aware moderation versus daily-spread aggression on the same index — one click on the compare tool.
| 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 IWMI's Next Ex-Dividend Date?
IWMI 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 IWMI's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
IWMI's Record So Far
IWMI — the NEOS Russell 2000 High Income ETF — launched in June 2024 and has paid monthly since June 2024. Every IWMI declaration is plotted above.
Why Run Tax Engineering on Small Caps
Most income funds compete on the size of the check; NEOS competes on what's left of it in April. IWMI brings that discipline to the Russell 2000 — an options overlay sized for sustainable monthly income, index-option tax treatment where available, and active harvesting underneath. No viral screenshots here — the design optimizes the number April cares about.
Steady Is the Design Goal Here
A moderate, steady payout line is the design goal here, so judge IWMI on consistency and total return rather than peak yield — the payout statistics board scores exactly that steadiness, and the compare tool puts the NEOS approach head-to-head with the aggressive end of the category.
The Russell 2000 gives IWMI the trio's most volatile raw material, which cuts both ways: richer option premium feeding the monthly check, and a choppier underlying for the share price to survive. Its record is the tax-aware answer to the same small-cap question IWMY answers aggressively.
The tell in IWMI's chart is what happens in small-cap storms: months where the Russell sells off hard are often the fund's richest premium months, so the payment line and the price line can move opposite directions simultaneously. Holders who understand that divergence read the fund correctly; holders who expect both lines to rise together are holding the wrong product.
See Every Fund's Next Payday
The live dividend calendar computes expected ex-dividend windows for every fund we track — one page, all the paydays.
Open the Dividend Calendar