MSFO Dividend History

• The latest check: $0.0600 per share, ex-dividend September 17, 2026 — the 74th distribution in our record, which starts on October 6, 2023.
• Trailing twelve months: $4.687 per share across 49 payments. Against the September 24, 2026 share price that is a high headline yield, but read the next two lines before treating it as income you can count on.
• The annual totals are falling: $6.393 per share in 2024, $5.242 in 2025, and $3.402 so far in 2026 with the year incomplete. Each full year has paid less than the one before it.
• What the share price did: $17.04 a year ago to $12.17 now, a fall of 29%. The premium arrived; the capital behind it shrank.
• The fee and how it earns: YieldMax lists a gross expense ratio of 1.03% and an inception date of August 24, 2023. The fund sells call spreads on MSFT rather than holding it outright, so the option premium is the income and the upside is capped by the spread.

A distribution rate isn't the same as a return. MSFO's option premium depends on how volatile Microsoft is, and premium shrinks when volatility falls, which is why the annual totals have declined without anything dramatic happening. Note also that the payment rhythm changed: MSFO paid roughly 13 times in the year to September 2025 and about 50 times in the year since, so comparing one check to an older check is meaningless. Compare the annual totals instead.

Each point below is one real MSFO distribution since October 2023. The visible change in density around September 2025 is the switch from monthly to weekly payments, not a change in how much the fund pays.

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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: $4.79 per share across 51 payments — down 11% from $5.39 in the 12 months before. What a change like that does to your income →
• Current pace: recent payments annualize to $4.11 — 14% 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 27% (dividends excluded) — income and principal are one story. Erosion Index →
• Record: 76 payments over 3 years; the largest single payment was $0.782 (Dec 2023).
• Payment drops ≥20% below trend, last 24 months: 23. Get alerted to the next one →
• Payment steadiness: the last 12 checks wobble ±58% around their median. Compare that against any fund →

Every figure above is computed from MSFO'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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"Next expected" is estimated from MSFO'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.

MSFO has paid without interruption since October 2023, and the money is real. What the yield figure cannot tell you is what happened underneath it: the share price went from $17.04 a year ago to $12.17, down 29%, while the annual distribution total fell from $6.393 per share in 2024 to $5.242 in 2025.

Both numbers moving the same way is the pattern worth understanding. The fund earns its income by selling call spreads on Microsoft, so the size of the premium tracks how volatile the stock is. Calmer stock, thinner premium, smaller checks. Meanwhile the capped upside means a strong run in MSFT does not fully reach the share price. That combination is not a malfunction; it is the design, and it is why this page plots dollars per share and price together rather than leading with a yield.

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.