Dividend-paying ETFs are increasingly popular among income-seeking investors, and Global X’s YMAG and YMAX ETFs have recently attracted a lot of attention. With weekly distributions, appealing yields, and a unique approach to income generation, understanding their dividend history, schedules, and key payout dates is essential for savvy investors.
In this guide, we’ll break down the complete YMAG and YMAX dividend history, including ex-dividend dates, distribution schedules, dividend yields, and recent announcements.
What Are YMAG and YMAX?
Before we dive into dividend specifics, let’s quickly define what these ETFs are:
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YMAG (Global X S&P 500 Covered Call & Growth ETF) – Aims to provide high income through covered call strategies on the S&P 500 while capturing some growth potential.
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YMAX (Global X S&P 500 Covered Call ETF) – Similar to YMAG but focuses primarily on generating weekly income through call options on the S&P 500 index.
These ETFs are part of a growing class of income-focused funds, and their unique weekly dividend distributions make them stand out in the ETF world.
YMAG Dividend History Overview
YMAG launched in late 2023 and has quickly become a go-to for investors seeking regular income with equity exposure. Here's what you should know about its dividend structure:
YMAG Dividend Schedule
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Frequency: Weekly
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Payout Day: Typically distributed every Friday
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YMAG Ex-Dividend Date: Usually one business day before the distribution (typically Thursday)
YMAG Dividend Yield (As of Latest Data)
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Annualized Yield: ~11–13% (subject to change with market performance)
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Yields are calculated based on trailing 12-month income and NAV
YMAG Dividend History Highlights
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Recent Weekly Dividends:
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May 17, 2025: $0.183 per share
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May 10, 2025: $0.185 per share
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May 3, 2025: $0.179 per share
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Note: These are example values based on patterns; always confirm with the official fund page or your broker.
YMAG Dividend Announcement Today
Global X typically announces the weekly dividend for YMAG every Wednesday, giving investors a two-day window before the ex-dividend date. You can check the YMAG dividend announcement today on:
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Global X’s official ETF page
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Most brokerage platforms (e.g., Fidelity, Schwab, Robinhood)
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Financial news portals like Seeking Alpha or Yahoo Finance
YMAG Next Dividend
If today is Monday or Tuesday, the next dividend announcement is likely coming on Wednesday, with:
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Ex-dividend on Thursday
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Payment on Friday
YMAG Stock Dividend vs. Distribution
While many investors refer to these as “stock dividends,” YMAG pays cash distributions, not stock. These are taxed as ordinary income, so keep that in mind when planning for tax season.
YMAX Dividend History Overview
YMAX, YMAG’s sibling ETF, also follows a weekly dividend model and is known for its high yield and consistent payouts.
YMAX Ex-Dividend Date
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Occurs weekly, generally on Thursdays
YMAX Distribution History
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Weekly Payout Examples:
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May 17, 2025: $0.178
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May 10, 2025: $0.181
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May 3, 2025: $0.174
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These weekly amounts vary based on option premiums and S&P 500 volatility.
YMAX & YMAG Dividend Yield Comparison
| Metric | YMAG | YMAX |
|---|---|---|
| Distribution Frequency | Weekly | Weekly |
| Estimated Yield (Annualized) | 11–13% | 11–12% |
| Covered Call Strategy | Growth + Income | Income-focused |
Understanding the Weekly Dividend Flow
If you’re investing in YMAG or YMAX, here’s how the typical dividend timeline works:
1. Wednesday: Dividend amount is announced2. Thursday: Ex-dividend date – you must own the ETF before this day to receive payment
3.Friday: Dividend is paid out
To qualify, make sure you buy shares at least by Wednesday (T+1 rule).
YMAG & YMAX: Why the Weekly Dividend Model Matters
Benefits:
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Regular cash flow
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Great for retirement income or dividend reinvestment
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Higher compounding potential if reinvested weekly
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Ideal for income-focused portfolios
Watch Outs:
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Dividends vary with market conditions
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May be less tax-efficient for certain investors
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NAV may experience slight drag from frequent distributions
Should You Buy YMAG or YMAX for the Dividend?
If you're an investor who loves the idea of getting paid weekly and tapping into a high-yield strategy, both YMAG and YMAX are worth exploring.
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YMAG suits those looking for a balance of income and growth
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YMAX is ideal for pure income seekers
Always research current yields, check the dividend announcement today, and consult a financial advisor if needed. The dividend history and distribution reliability of both funds suggest they’re solid options for those wanting steady income from S&P 500 exposure—without actively trading.
