- Pays: weekly (it paid monthly from launch until the YieldMax family moved to weekly payouts).
- First paid: November 2024.
- What it is: an option-income fund that sells call options on Palantir (PLTR) — one of the most volatile large stocks in the market — and pays out the fees.
- Headline rate: at times the highest in the entire YieldMax family — trailing rates have exceeded 100% — precisely because Palantir's volatility is extreme.
- The catch: single-stock concentration, capped upside, and payouts that track volatility, not a schedule.
PLTY makes no promise to pay any particular amount; each payout depends on the option income earned that period.
PLTY pays weekly (monthly in its first year). Each point below is one distribution since November 2024. 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.
| Recent Ex-Dividend Dates | Distribution / Share |
|---|
"Next expected" is estimated from PLTY'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.
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.
When a fund's trailing distribution rate crosses 100%, it isn't generosity — it's a measurement of how wild the underlying stock is. Palantir is a story stock that can move double digits in a day, so option buyers pay staggering premiums, and PLTY passes them through. But the same wildness cuts the other way: the fund keeps most of PLTR's downside, sells away most of its melt-ups, and part of many payouts is your own capital returned.
Before buying any number this large, run the only test that matters — total return, payouts plus share-price change, in the backtest box above — and read What Are YieldMax ETFs? for how this family's payouts have historically trended over time. (Spoiler from the oldest sibling, TSLY: downward.)
| 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 PLTY's Next Ex-Dividend Date?
PLTY pays weekly — typically going ex-dividend on Thursdays. 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 PLTY's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
PLTY's Short, Loud Record
PLTY — the YieldMax PLTR Option Income Strategy ETF — bottles the market's most theatrical large-cap stock. Since November 2024 it has paid first monthly, then weekly, with per-share totals that made it a phenomenon: the 2025 total approached $58 a share against a ~$31 price today. Numbers like that need translating, not celebrating — they mean Palantir's options were fantastically expensive, and holders were paid for carrying its risk.
The Machine, Honestly
PLTY doesn't primarily own Palantir shares — it runs a synthetic options position, selling calls against PLTR exposure and distributing the premiums. Every YieldMax fund works this way; PLTY just points the machine at an unusually volatile target. The physics that follow are family traits: capped upside in rallies, full participation in drawdowns, payouts that shrink when volatility cools, and NAV pressure over time. The family's oldest member, TSLY, shows the long-run pattern; MSTY shows it in crypto flavor.
Is PLTY's Payout Safe?
Treat every PLTY check as weather, not salary. If Palantir's volatility persists, the checks stay big; if the stock calms down — or falls hard — they shrink from both directions at once. The backtest above computes what an investor actually earned, share price included. For the plain-English mechanics of the whole category, start with What Are YieldMax ETFs? and the return-of-capital guide.
Read This Before Buying Any YieldMax Fund
Option income, return of capital, NAV erosion — the three things every YieldMax buyer should understand, in plain English.
Read: What Are YieldMax ETFs?