TSPY Dividend History

• Pays: monthly — the "daily income" in the name refers to the option strategy (daily 0DTE calls), not the payout schedule.
• First paid: October 2024 — every payment since is charted below.
• What it is: S&P 500 exposure with out-of-the-money 0DTE covered calls written daily — selling each day's far upside while keeping most ordinary gains.
• Fee: 0.71% total expense ratio (0.68% management + 0.03% acquired fund fees, per the issuer).
• The issuer: TappAlpha, a newer entrant — this is its flagship strategy.

Writing out-of-the-money daily calls is the gentler version of the 0DTE trade: less premium than at-the-money sellers collect, more of the index's daily upside kept. The monthly payout smooths what the daily engine earns.

TSPY pays monthly. Each point below is one distribution since the fund began paying in October 2024.

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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: $3.57 per share across 12 payments — up 4% from $3.44 in the 12 months before. What a change like that does to your income →
• Current pace: recent payments annualize to $3.85 — 8% above the trailing figure. When those two disagree, the trailing yield is quoting the past. Live cut & raise board →
• Share price, same 12 months: up 3% (dividends excluded) — income and principal are one story. Erosion Index →
• Record: 25 payments over 2 years; the largest single payment was $0.303 (Nov 2025).
• Payment drops ≥20% below trend, last 24 months: none. Get one short email if that changes →
• Payment steadiness: the last 12 checks wobble ±1% around their median. Compare that against any fund →

Every figure above is computed from TSPY'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 TSPY'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.

The daily-options category spans a wide throttle range: Defiance's WDTE sells near the money for ~30% targets, Roundhill's XDTE runs its own weekly-paying version, and TSPY sits at the moderate end — out-of-the-money strikes, most upside kept, monthly checks.

The right benchmark is honest: plain S&P 500 exposure, and the aggressive daily sellers, on either side. The compare tool runs both overlays.

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.