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- Pays: weekly — 55 distributions since August 11, 2025, without a missed week.
- The trajectory: early checks ran $0.79-$1.39; August 2026 checks run $0.03-$0.06. The formula pays a slice of the fund's value, and the value collapsed.
- The math that matters: $12.90 per share paid since launch, plus a recent ~$4.33 share price, against a $49.11 first close — a launch-day dollar is worth roughly 35 cents even counting every check.
- What it is: targets 120% of MicroStrategy's weekly return with a formula-set weekly payout. MSTR's fall arrived at 1.2x.
- Fee: 1.00% expense ratio.
MSTW never missed a payment — and that's exactly why the record is instructive. The weekly formula reads the fund's value and pays out a slice of it, so as the leveraged MicroStrategy position fell, the checks shrank in proportion: $1.39 at the peak, $0.03 last week. An unbroken payment streak and a 91% price decline are the same story told twice. Note: after a share split, this data source restates all historical per-share payouts in today's share terms — the split disclosure above the chart applies.
Each point is one weekly MSTW distribution since August 2025. The slope isn't a payment policy — it's the fund's value falling, sampled weekly by the payout formula.
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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: $7.74 per share across 52 payments — paying since Aug 2025, so no full prior-year comparison yet. What a change like that does to your income →
- Current pace: recent payments annualize to $3.59 — 54% 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 85% (dividends excluded) — income and principal are one story. Erosion Index →
- Record: 61 payments over 14 months; the largest single payment was $1.39 (Aug 2025).
- Payment drops ≥20% below trend, last 24 months: 25. Get alerted to the next one →
- Payment steadiness: the last 12 checks wobble ±31% around their median. Compare that against any fund →
Every figure above is computed from MSTW'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 MSTW'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.
This page is the cautionary companion to every WeeklyPay chart on the site. The machine worked exactly as designed: 55 weekly checks, every one on time, sized by formula from the fund's value. But the fund is 120% of MicroStrategy, MicroStrategy fell hard, and 1.2x of a hard fall is harder — the share price went from a $49.11 first close in July 2025 to about $4.33. Add up everything paid — $12.90 per share — and a launch-day buyer holds roughly 35 cents on the dollar, checks included.
The same machine on different fuel: NVDW (Nvidia) and AAPW (Apple) show WeeklyPay in kinder markets, and MSTY is the covered-call take on the same stock. The compare tool overlays any of them.
| 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 MSTW's Next Ex-Dividend Date?
MSTW pays weekly — set by formula each week. 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 MSTW's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
The Record Nobody Screenshots
MSTW launched in July 2025 as the MicroStrategy seat in Roundhill's WeeklyPay suite: 120% of MSTR's weekly return, a formula-set distribution every week, a 1.00% fee. It has paid 55 straight weeks since August 11, 2025 — a perfect operational record attached to a brutal financial one. The first close was $49.11. The recent price is about $4.33. The early checks were $0.79 to $1.39; last week's was $0.032.
The Arithmetic, Start to Finish
Sum every distribution and the fund has paid $12.90 per share since launch. A launch-day share is therefore worth about $17.23 all-in — $4.33 of remaining value plus $12.90 collected — against $49.11 invested: roughly 35 cents on the dollar in thirteen months. That happened without a single missed or reduced-by-announcement payment, because the formula doesn't announce; it measures. A shrinking fund produces shrinking checks with perfect punctuality. This is the number the phrase "high yield" never carries on its own.
Why We Chart It Anyway
MSTW is the clearest demonstration on the site of the one rule that governs every leveraged single-stock income product: the distribution is downstream of the underlying, always. When MicroStrategy runs, WeeklyPay checks swell — the suite's other funds show it. When it falls at 1.2x, this page happens. Judge any fund in the family with both lines: the Erosion Index tracks the price side weekly, and the compare tool puts MSTW next to MSTY — same stock, different machine — in one chart.
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