XYZY Is an Income Juggernaut
The big reason why YieldMax XYZ Option Income Strategy ETF (NYSEMKT: XYZY) pops up on investor screens is almost certainly the shockingly large yield it offers. According to major online quote services, the yield is as high as 92%. YieldMax XYZ Option Income Strategy ETF's website lists the yield at a still massive 62% or so.
What is the yield, and how can it be so high? There's a lot that investors need to understand before buying this aggressive exchange-traded fund (ETF).
If you sum up all the dividends paid over the past 12 months, YieldMax XYZ Option Income Strategy ETF's dividend yield is likely to be close to the 92% you'll find on major online quote servers. If you take the June dividend and multiply it by 12 to figure out the forward dividend yield, the ETF's number is closer to 62%. That's what the ETF's website shows.
Source Fool.com
