- Pays: monthly.
- First paid: December 2025 — every payment since is charted below.
- What it is: an actively managed options-overlay fund on MLPs and energy infrastructure, run for high monthly income in a tax-efficient manner — the NEOS signature — while keeping room for appreciation.
- Fee: 0.68% expense ratio (issuer fund page).
- The family: sibling of SPYI and QQQI — the newest seat — pipeline cash flows plus an options overlay, without a K-1.
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. The payout rate is deliberately more moderate than the aggressive end of the category.
MLPI pays monthly. Each point below is one distribution since the fund began paying in December 2025.
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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 MLPI'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.
NEOS built its reputation on SPYI and QQQI — options income run with one eye on the IRS: index options taxed 60/40, gains managed actively, distributions engineered for after-tax value. MLPI extends the same playbook to MLPs and energy infrastructure.
For taxable accounts that's a genuinely different product than a maximum-yield fund with ordinary-income checks. Compare MLPI against its NEOS siblings — or against the aggressive alternative on the same market — with 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 MLPI's Next Ex-Dividend Date?
MLPI 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 MLPI's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
MLPI's Record So Far
MLPI — the NEOS MLP & Energy Infrastructure High Income ETF — launched in December 2025 and has paid monthly since December 2025. The chart above shows every declared distribution.
Income With an After-Tax Thesis
Most income funds compete on the size of the check; NEOS competes on what's left of it in April. MLPI brings that discipline to MLPs and energy infrastructure — an options overlay sized for sustainable monthly income, index-option tax treatment where available, and active harvesting underneath. The trade-off is honest: nobody's screenshot of MLPI's yield goes viral, and that's the point.
Reading the Chart Honestly
A moderate, steady payout line is the design goal here, so judge MLPI 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.
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