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- By the record: since May 9, 2025 the fund has made 68 payments; the most recent twelve months total $15.71 per share (52 payments), too young for a full prior-year comparison — roughly 37% of the recent ~$41.94 share price. the biggest check on file is $0.48, from May 2025.
- Pays: weekly — typically going ex-dividend on Fridays, with cash arriving Monday morning.
- First paid: May 2025.
- What it is: Roundhill's covered-call fund on the Magnificent Seven — it owns the Mag 7 (via the MAGS ETF) and writes call options against that position for weekly income.
- vs. YMAG: same seven stocks, different machine — MAGY actually owns the stocks' exposure and sells calls on it; YMAG holds YieldMax's synthetic single-stock funds.
- The pattern so far: weekly checks in the 20-26 cent range, drifting with Big Tech volatility.
MAGY targets weekly income, not a fixed amount — payouts move with option premiums on the Magnificent Seven, and distributions typically include return-of-capital components.
MAGY pays weekly. Each point below is one distribution since May 2025. The table further down totals each year.
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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: $15.26 per share across 52 payments — paying since May 2025, so no full prior-year comparison yet. What a change like that does to your income →
- Current pace: recent payments annualize to $10.58 — 31% below the trailing figure. When those two disagree, the trailing yield is quoting the past. Live cut & raise board →
- Share price, same 12 months: down 25% (dividends excluded) — income and principal are one story. Erosion Index →
- Record: 70 payments over 16 months; the largest single payment was $0.48 (May 2025).
- Payment drops ≥20% below trend, last 24 months: 3. Get alerted to the next one →
- Payment steadiness: the last 12 checks wobble ±13% around their median. Compare that against any fund →
Every figure above is computed from MAGY'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 MAGY'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.
MAGY runs the oldest income trade in the book — own the assets, sell calls against them — on the seven stocks that dominate modern markets. Owning real Mag 7 exposure (through Roundhill's MAGS) means MAGY keeps dividends-free Big Tech's actual behavior under the option overlay: it participates in some upside until each call's cap, absorbs the downside fully, and converts the difference into weekly cash.
Like every covered-call fund, its enemy is a huge rally (upside sold off) and its friend is a choppy sideways market. One launch-year of history is far too short to judge — watch the payment trend above and the total-return backtest rather than any single week's check.
| 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 MAGY's Next Ex-Dividend Date?
MAGY pays weekly — typically going ex-dividend on Fridays, paying the following Monday. 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 MAGY's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
MAGY's Record So Far
MAGY — the Roundhill Magnificent Seven Covered Call ETF — launched in May 2025 and has paid every week since: roughly $12.47 per share across its partial 2025, with 2026 running somewhat cooler as Big Tech's volatility eased. The chart above shows every check; the yearly table beneath it keeps the honest score.
Own the Giants, Rent Out the Upside
The design is refreshingly legible: hold the Magnificent Seven, sell calls, distribute the rent. When the Seven chop sideways, MAGY quietly outearns them; when they rip higher, MAGY watches part of the rally from behind its sold calls; when they fall, it falls with them, cushioned only by premium. No leverage, no synthetic positions — just the classic trade-off at Big Tech scale.
Where MAGY Fits
MAGY suits an income investor who wants Big Tech exposure but would rather collect weekly premium than chase every rally. The alternatives worth comparing: YMAG (the YieldMax route to the same seven stocks), QDTE (daily-option income on the Nasdaq), and plain QQQI. Next expected date on the live calendar.
Return of Capital, Demystified
High-income funds often pay you partly with your own capital. When that's fine, when it's erosion, and how to tell.
Read: ROC & NAV Erosion