SVOL Dividend History

• Pays: monthly — 59 payments since September 27, 2021, closing in on five years.
• The steadiness record: $0.28 per share in each recent month; the trailing 12 months paid $3.48, up 3% from $3.37 — about 21% of the recent ~$16.37 price, delivered with the flattest month-to-month line of any 20%+ payer we chart. The biggest month in the record ($0.391) dates to January 2022.
• What it is: a short position in VIX futures at roughly -0.2x to -0.3x — deliberately small — harvesting the volatility risk premium, with option hedges held against volatility spikes.
• Fee: 0.66% expense ratio (issuer fund page).
• The lineage: the strategy that blew up XIV in 2018, rebuilt at one-quarter the size with insurance attached.

Shorting volatility earns a real, persistent premium — the market chronically overpays for crash protection — and occasionally hands the seller a catastrophic bill. SVOL's whole design is dosage: -0.2x to -0.3x exposure plus hedges, so a 2018-style VIX spike bruises instead of erases. The record above includes real spikes; read it.

SVOL pays monthly. Each point below is one distribution since the fund began paying in September 2021.

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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: $3.46 per share across 12 payments — up 2% from $3.39 in the 12 months before. What a change like that does to your income →
• Current pace: recent payments annualize to $3.36 — 3% 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 6% (dividends excluded) — income and principal are one story. Erosion Index →
• Record: 60 payments over 5 years; the largest single payment was $0.391 (Jan 2022).
• Payment drops ≥20% below trend, last 24 months: none. Get one short email if that changes →
• Payment steadiness: the last 12 checks wobble ±3% around their median. Compare that against any fund →

Every figure above is computed from SVOL'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 SVOL'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.

Every option-income fund on this site sells insurance on something — a stock's rally, an index's calm. SVOL sells the purest form: it shorts VIX futures, collecting the premium the world pays to hedge fear itself. Most months that's the most reliable premium in finance; in a true panic it's the most dangerous, which is why SVOL runs at a fraction of full exposure with hedges on.

Its record — through 2022's bear market and multiple VIX spikes — is the category's best stress documentation. See how the payouts held on the payout statistics board, and overlay it against equity-income funds on the compare tool.

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.