CONY Dividend Yield, Dates & History Details

What Is CONY ETF?

Ticker and Name: CONY (YieldMax COIN Option Income Strategy ETF).

Launch & Objective: CONY began in 2021. The text mentions it started with writing covered calls on Russell 2000 and maintaining a stock portfolio. However, CONY's full name "YieldMax COIN Option Income Strategy ETF" suggests its underlying is COIN (Coinbase Global, Inc.) stock, not the Russell 2000. This is a common strategy for YieldMax ETFs - they focus on single stocks. The "Summary" section later correctly states it's COIN. (Correction: The provided text has a contradiction. CONY's strategy is based on COIN, not Russell 2000. The guide below will reflect CONY's actual strategy related to COIN.) The goal is to generate monthly recurring returns from options premiums.

Fund Manager: YieldMax Management, a subsidiary of Global X Funds.

Why Investors Are Discussing Its Dividends

• High Income Potential: In March 2025, CONY's 12-month dividend yield was reported over 200%, significantly higher than most stock or bond ETFs.
• Monthly Cash Flow: CONY provides monthly distributions, appealing to investors seeking regular income, unlike many ETFs that pay quarterly.
• Strategy: Selling covered calls can generate substantial income from premiums. However, this strategy also caps potential upside if the underlying stock (COIN) rises sharply.

Learning Dividend Basics

What are dividends and why do we require them?

A dividend is cash paid to investors from the earnings or profits of an investment company or fund.

Investor Benefit:

• Provides passive income, often utilized by retirees or income-focused investors.
• Can be reinvested through a DRIP (Dividend Reinvestment Plan) to compound returns.

Monthly, Quarterly, and Annual Dividends

• Yearly: Common for some larger-cap equity funds; low cash flow frequency.
• Quarterly: Typical for many equity ETFs (e.g., S&P 500 trackers); moderate frequency.
• Monthly: Funds like CONY, aiming for regular income, pay 12 times a year; ideal for steady cash flow needs.

How ETFs such as CONY Share Profits

Source: CONY primarily generates income from option premiums received from selling call options on COIN (Coinbase Global, Inc.) stock, and any dividends from underlying assets if applicable (though COIN itself does not pay dividends).

Payout Interval: Monthly.

Record and Ex-Dividend Cycle:

• Ex-Dividend Date: The last day to purchase shares to receive the next dividend. Learn more about Ex-Dates.
• Record Date: Usually the same day or one business day after the ex-dividend date for CONY. This is the date the company checks its records to identify shareholders eligible for the dividend.
• Pay Date: When payments reach investor accounts, typically 1–2 business days after the ex-dividend date for CONY.

Summary of CONY ETF

Complete Name and Investment Strategy

Full Name: YieldMax COIN Option Income Strategy ETF.

Investment Strategy:

CONY's strategy is to generate monthly income via a synthetic covered call strategy on Coinbase Global, Inc. (COIN) stock. It does not directly hold COIN stock but uses options to replicate the return profile. (Note: The text initially mentioned Russell 2000, but YieldMax's "single-stock" ETFs like CONY focus on individual tickers like COIN, TSLY on TSLA, etc. The investment strategy should reflect this.)

• Does not directly hold COIN stock but seeks to provide exposure through a synthetic covered call position.
• Sells call options on COIN to generate income.
• Aims for high monthly income from option premiums.

The Reason Why CONY Was Founded

To provide investors with:

• A potentially high monthly income stream.
• Exposure to the income-generating potential of options on a volatile underlying asset like COIN.
• The income from premiums can offer some buffer against market declines in the underlying, though it doesn't eliminate risk.

Who Oversees the Fund?

YieldMax (Global X): Recognized for its family of "YieldMax" option-income ETFs.

Portfolio Head of Management: Jane Doe (as per the provided text).

CONY Dividend Overview

Data current as of June 3, 2025

• Dividend Yield: 160.18 % (based on May 29, 2025 snapshot)
• Trailing 12-Month Dividend: $12.40 per share
• Payout Schedule: Monthly distributions
• Most Recent Ex-Dividend Date: May 29, 2025
• Typical Payment Timing: One business day after the ex-dividend date (e.g., shares go ex-dividend May 29, payment on May 30)
• Payout Structure: Driven by option premiums (no traditional payout ratio applies)
• Yield Trend: From approximately 213% in mid-March 2025 down to 160% by late May 2025. This highlights the volatility of the yield.

Yearly Dividend Totals & Averages (2023–2025*)

Below is a breakdown of CONY’s annual distributions. Numbers for 2025 cover January through June.

*2025 figures represent the first six months only.

2023 Distribution Details

2024 Distribution Details

2025 (YTD) Distribution Details

2025 Distribution Calendar & Projections

Projections for July and August 2025 are based on recent monthly payment patterns and typical announcement timing. Actual figures may vary.

How 2024 Compared: A High-Yield Year

The text states an annual total of $22.0481 for 2024, but the sum of provided monthly distributions is $20.2981. We will use the sum of provided data.

• Annual Total: $20.2981 (compared to $4.7479 in 2023).
• Key Months:
  • April 2024: $2.7944 (highest one-month payment in provided 2024 data).
  • May 2024: $2.2807.
• Average Monthly: $1.6915 (based on $20.2981 / 12) compared to $1.5826 in 2023 (over 3 months).
• Yield Impact: Reported increase from ~180% (2023) to ~210% (2024) in the text. Yields are dynamic and depend on both distributions and share price.

Trends from 2023 and Before

• Late-2023 Upsurge: After Oct 2023's payment of $1.2088, Dec 2023 rose to $2.4615—a significant month-on-month increase.
• 2023 vs. 2024:
  • 2023 distributions began in Q4 (CONY launched in August 2023, first distribution October).
  • 2024 provided 12 consecutive months of distributions. The total distribution in 2024 was approximately 4.27 times that of 2023 ($20.2981 / $4.7479).
• Volatility: Significant fluctuations were seen in 2024 (e.g., Feb 2024: $1.0751 vs. Jan 2024: $2.6932, a drop of about 60%). This reflects how option premiums vary based on market volatility.

Ex-Dividend Dates: Essential Knowledge

What is an ex-dividend date?

Definition: The ex-dividend date is the first day a stock trades without the value of its next dividend payment.

Implication:

• If you purchase shares on or after the ex-dividend date, you will NOT receive the upcoming dividend payment for that period.
• To be eligible for the dividend, you must own the shares BEFORE the ex-dividend date.

Why Ex-Dates Matter to Investors

• Income Timing: Strategic buying/selling around ex-dates can ensure you capture distributions if desired.
• Price Adjustments: The ETF's Net Asset Value (NAV) and market price typically decrease by approximately the amount of the dividend on the ex-dividend date.

Key Upcoming Dates (Mid-2025)

The text provides a few upcoming dates. Note that there's a slight inconsistency with the earlier 2025 calendar for June 6 vs June 26. Official fund announcements are always the definitive source.

Amounts beyond the last confirmed distribution are forecasts. Always check official announcements.

Payment Process & Recent Payouts

• Ex-Dividend Date: Share trades "ex" (without) the dividend. New buyers on this day or later do not qualify for that month's distribution.
• Record Date: Typically aligns with or is one business day after the ex-dividend date for CONY. Shareholders on record as of this date receive the dividend.
• Pay Date: Usually one business day after the ex-dividend date for CONY.

Recent Examples:

Are Dividends Increasing or Decreasing? What the Data Shows

CONY's dividend payments exhibit significant volatility, which is characteristic of option-income ETFs tied to volatile underlying assets.

• 2023 → 2024 Spike: 2024's total distribution ($20.2981) was significantly higher (approx. 4.27x) than 2023's ($4.7479, which only covered 3 months).
• 2024 Monthly Fluctuations:
  • Jan 2024: $2.6932 (high) → Feb 2024: $1.0751 (down by ~60%) → Apr 2024: $2.7944 (another high).
  • Late 2024: Oct ($1.1098), Nov ($2.0231), Dec ($1.3391) showed variability.
• 2025 (YTD):
  • January: $0.8339 (lower than Jan 2024).
  • February: $1.0468 (comparable to Feb 2024's $1.0751).
  • March: $0.5989 (significantly lower, -64% from Mar 2024's $1.6619).

Influencing Factors

• Option Premium Volatility: Higher distributions often correlate with periods of higher implied volatility in COIN stock, leading to larger option premiums.
• Market Conditions for COIN: The performance and volatility of Coinbase (COIN) stock directly impact the premiums that can be collected. Early 2024 saw strong movements, then periods of decline or mixed volatility, producing uneven payments.

How Dividend Yield Is Calculated

The dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price.

Example (May 29, 2025, as per text):

• Annual dividends (trailing 12 months) ≈ $12.40
• Share price ≈ $7.74
• Yield ≈ ($12.40 ÷ $7.74) × 100 % ≈ 160.18 %

How CONY Compares to Other Income-Focused ETFs

CONY's yield is exceptionally high but comes with risks associated with its single-stock options strategy on a volatile name.

Note: Yields are illustrative and subject to change. CONY's "2024 Annual Distribution" from the text was "trailing-12 mo" which is different from calendar year actuals. The table now focuses on strategy for better comparison.

Reviews and Experience Shared by Real Investors

Case Study #1: Retiree Seeking Steady Income

• Profile: 65, retired, relying on portfolio income. Traditional dividend/bond yields (sub-5%) insufficient for $1,500 monthly need ($18,000/year) from a $300,000 portfolio.
• Strategy with CONY: Allocated $50,000 to CONY.
  • Potential monthly income from CONY: e.g., at a hypothetical $1.60/share monthly on shares bought at $20, $50k buys 2500 shares, yielding $4000/month. (The example $833 in text implies a lower distribution or higher share price).
  • The text mentions $833 monthly, and notes monthly variance (Jan 2025: $0.8339 vs. Apr 2025 est. $0.5989 - actual was $0.4381). This highlights income variability.
• Lesson: Income can be highly variable. Budgeting must account for potential fluctuations in monthly payouts. Diversification of income sources is key.

Case Study #2: Young Professional with Saving Priorities

• Profile: Late thirties, aiming for FIRE (Financial Independence, Retire Early), seeking investments for supplemental income to reinvest.
• Strategy with CONY: Invested $10,000 (5% of a hypothetical portfolio) into CONY with dividend reinvestment (DRIP).
• Outcome (example): ~$1,400 in dividends in 2024 (implies an average 14% yield on the $10k, or $140/share annually if 100 shares were held). Reinvested into an emerging market ETF. Benefited from compounding during market volatility.
• Lesson: CONY can be a tool for aggressive income generation and reinvestment, but its volatility means it's likely suitable as a smaller, speculative part of a diversified portfolio.

Final Thoughts

Does CONY offer value for income investors?

CONY can offer very high current income, but investors must understand and accept:

• Option-strategy intricacies: Synthetic covered calls have unique risk/reward profiles.
• Underlying asset volatility (COIN): This directly impacts premium income and NAV.
• Month-to-month distribution variability: Income is not stable or predictable.

Caveats:

• CONY's high dividend yield can decline rapidly if market conditions or COIN's volatility changes.
• Fund expenses and taxes on distributions can impact net returns.
• If option premiums become too low (e.g., due to extremely low volatility in COIN), distributions could be significantly reduced or even temporarily paused (though not seen as of mid-2025).

5 Points to Think About Before You Invest

1. Research the Underlying (COIN): Understand Coinbase Global's business, risks, and the factors driving its stock volatility. This is crucial for understanding CONY's potential income.
2. Understand the Covered Call Strategy: Know that this strategy caps upside potential of the underlying exposure in exchange for income.
3. Review Payout History & Volatility: CONY's past distributions show high variability. Do not assume past high payouts will continue. See historical data.
4. Check Official Sources: For exact dividend amounts and dates, always refer to YieldMax ETFs press releases or your brokerage platform.
5. Consider Your Risk Tolerance: The high yield comes with higher risk, including potential NAV decay if COIN stock price falls significantly or if the options strategy consistently underperforms.

FAQs About CONY Dividends