YieldMax PYPL Option Income Strategy ETF Announces Dividend of $0.24 (NYSEARCA:PYPY)

YieldMax PYPL Option Income Strategy ETF (NYSEARCA:PYPY) declared a dividend on Wednesday, January 7th. Shareholders of record on Thursday, January 8th will be given a dividend of 0.2429 per share on Friday, January 9th. This represents a dividend yield of 3,081.0%. The ex-dividend date is Thursday, January 8th.

YieldMax PYPL Option Income Strategy ETF Trading Down 0.6%

Shares of NYSEARCA:PYPY traded down $0.24 on Wednesday, hitting $40.99. 7,661 shares of the company were exchanged, compared to its average volume of 4,990. The firm has a market capitalization of $35.25 million, a P/E ratio of 18.19 and a beta of 0.81. YieldMax PYPL Option Income Strategy ETF has a 1-year low of $40.34 and a 1-year high of $92.18. The stock’s 50 day moving average price is $44.26 and its 200 day moving average price is $52.90.

About YieldMax PYPL Option Income Strategy ETF

The YieldMax PYPL Option Income Strategy ETF (PYPY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Paypal stock (PYPL) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. PYPY was launched on Sep 25, 2023 and is issued by YieldMax.