- Pays: weekly.
- First paid: June 2024 — every payment since is charted below.
- What it is: a put-write fund: it sells put options for indirect exposure to the United States Oil Fund (USO), distributing the premium weekly. Not a covered-call fund, and not an oil-company fund — the underlying is the oil price via USO.
- Fee: 1.12% gross expense ratio (issuer fund page).
- The angle: the only weekly income fund on this site whose engine runs on a commodity's volatility rather than a stock's.
Selling puts means USOY is paid while oil holds or climbs — and absorbs the losses when crude drops through its strikes. Oil's crash history (2014, 2020's negative futures print) is the tail risk priced into these premiums.
USOY pays weekly. Each point below is one distribution since the fund began paying in June 2024.
Loading the latest data…
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 USOY'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.
Stock-based income funds harvest earnings-season nerves; USOY harvests OPEC meetings, inventory reports, and geopolitics — crude's volatility premium, collected by selling puts on USO. The rhythm of its checks tracks the oil market's anxiety the way a YieldMax fund's tracks its stock's.
The put-write shape matters: gains are capped at the premium collected, while a genuine oil crash lands on the fund. Compare the record against energy-equity income like AMLP's pipeline distributions on the compare tool — same sector, opposite machinery.
| 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 USOY's Next Ex-Dividend Date?
USOY pays weekly. 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 USOY's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
USOY's Record So Far
USOY — the Defiance Oil Enhanced Options Income ETF — launched in May 2024 and has paid weekly since June 2024. The chart above shows every declared distribution.
The Put-Write Trade on Crude
Every income fund on this site is paid for carrying some risk; USOY's is the oil price falling. Selling puts on USO collects the insurance premium the market pays against cheaper crude — steady checks through calm markets and rallies, real losses when the floor gives way. It's the commodity cousin of the put-spread machinery inside funds like FIAT, aimed at a barrel instead of a stock.
Reading the Chart Honestly
Weekly payouts from commodity volatility swing with the news cycle — don't annualize a hot streak. And because USO itself decays through futures roll costs in some markets, total return against a plain energy position is the fair test; the compare tool runs it.
Compare It Against Anything
Same chart, two tickers, one honest overlay — payouts and price erosion side by side.
Compare Any Two Funds