- Pays: weekly — typically going ex-dividend on Thursdays.
- First paid: October 2024, straight into Super Micro's most chaotic stretch.
- What it is: the YieldMax fund pointed at SUPER MICRO (SMCI) — the AI-server maker whose stock became one of the market's most violent tickers.
- The extreme record: about $18.75 per share paid in 2025 — on a fund priced near $5 today. That pairing is the entire lesson.
- Today's pace: roughly 7-8 cents a week, a small fraction of the launch-era checks.
SMCY makes no promise to pay any particular amount; each payout depends on option income earned on one exceptionally volatile stock, and the fund's price history reflects that ride.
SMCY pays weekly. Each point below is one distribution since October 2024 — the early bars dwarf today's, which is the honest headline.
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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 SMCY'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.
Super Micro spent 2024-25 lurching between AI-darling rallies, accounting scares, and index drama — exactly the chaos option buyers pay fortunes to touch. SMCY sold them that exposure and passed through checks that briefly made it the family's headline act. The aftermath is equally instructive: payouts at a fraction of the peak and a share price near five dollars, carrying SMCI's drawdowns with the rallies sold away.
If you're evaluating SMCY, the chart above is the argument — both directions of it. Total return in the backtest is the score that matters, and the family guide explains why the pattern repeats across every hyper-volatile underlying.
| 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 SMCY's Next Ex-Dividend Date?
SMCY 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 SMCY's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
SMCY's Record: A Case Study in Extremes
SMCY — the YieldMax SMCI Option Income Strategy ETF — launched in October 2024 into the wildest chapter of Super Micro's existence, and its payment record reads accordingly: nearly $10 per share distributed in its first three months, about $18.75 across 2025, and a 2026 pace near 7-8 cents a week — all on a fund that now trades around five dollars. No page on this site compresses the YieldMax story into fewer numbers.
Why the Checks Collapsed
Nothing broke; the inputs changed. Option income scales with implied volatility, and SMCI's implied volatility in late 2024 was among the highest of any large stock — accounting uncertainty layered on AI mania. As the drama resolved, premiums normalized, and the checks followed. Meanwhile the share price absorbed SMCI's plunges in full while its recoveries were partly sold away — the family's signature asymmetry at its most visible.
Where SMCY Fits
As a teaching exhibit, everywhere; as a holding, only for someone with a specific view on Super Micro's volatility staying rich. For the same trade with less single-headline risk, see the semiconductor basket CHPY; for the long-run pattern, the TSLY record. Next expected date on the live calendar.
Understand These Funds Before You Buy
Option income, return of capital, NAV erosion — the plain-English guide every YieldMax buyer needs first.
Read: What Are YieldMax ETFs?