- Pays: monthly.
- First paid: June 2026 — every payment since is charted below.
- What it is: a laddered book of autocallables referencing Super Micro (SMCI) — part of GraniteShares' single-stock autocallable suite, the concentrated extreme of the category.
- Fee: 1.07% expense ratio — the suite's (and the category's) highest, the toll for single-stock structuring.
- The angle: gap-risk insurance on one of the market's jumpiest tickers.
Single-stock autocallables run the category's harshest math: SMCI's volatility prices spectacular coupons, and one bad stretch for one company can breach barriers no index would touch. GraniteShares ladders only ~5 positions per fund — far coarser than the 24-250 position index ladders — so the cliff here is closer to a true cliff.
SCA pays monthly. Each point below is one distribution since the fund began paying in June 2026.
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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 SCA'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.
Income investors already harvest Super Micro's volatility one way: SMCY sells covered calls on SMCI — trading away rallies for premium, bleeding in declines. SCA monetizes the same volatility from the opposite side: fixed coupons for carrying SMCI's crash risk, full payments through calm and modest declines, and sudden index-like (stock-like) losses only through a deep barrier. Same raw material, mirror-image failure modes.
That makes this chart half of a natural experiment nobody else tracks. The other half — the category's index-based ladders — lives on CAIE and the census page. Mechanics in the explainer; stress-test the barrier in the Cost Basis Calculator Crash Simulator.
| 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 SCA's Next Ex-Dividend Date?
SCA 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 SCA's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
SCA's Record So Far
SCA — the GraniteShares Autocallable SMCI ETF — is part of the first-ever single-stock autocallable suite, which GraniteShares built through 2026 across eight tickers (Tesla, Nvidia, Robinhood, Coinbase, Strategy, Palantir, Super Micro, MARA). It has paid monthly since June 2026; the chart above shows every declared distribution.
What Concentration Buys and Costs
Index autocallables spread their barriers across a whole market; SCA stakes everything on Super Micro. That concentration is why the coupons dwarf anything an index ladder pays — and why the barrier math is less forgiving: a single-name collapse breaches barriers no diversified index would reach in the same market. The ~5-position ladder softens timing risk, not company risk.
Where SCA Fits
Read it against SMCY (the covered-call harvest of the same stock), against CAIE (the index-ladder reference), and against the whole field on the census page — where the Steadiness Board scores every payer's actual consistency from live data.
New to Autocallable ETFs?
Coupon barriers, autocall dates, crash insurance — the whole machine in plain English.
Read the Autocallable ETF Explainer