YieldMax Group A April 2026 Dividends: All 12 ETF Payouts

⚠️ YieldMax Transitioned to Fully Weekly Distributions in October 2025 — This Article Reflects the Pre-Transition Structure

On October 8, 2025, YieldMax announced a transition of its entire product suite to weekly distributions. The “A/B/C/D groups = specific week of the month” model described below is no longer in effect. Current structure: Weekly Group 1 (Thursday pay), Weekly Group 2 (Friday pay), Weekly Group 3 / Target 25™ (Wednesday pay), Monthly Target 12™, Quarterly (DDDD only).

👉 YieldMax Weekly Distributions Explained 2026 →

The content below is preserved for historical reference. For current schedules: yieldmaxetfs.com/distribution-schedule/

YieldMax Group A April 2026 dividends were announced with ex-dividend dates in the first week of April. This post covers the per-ETF dividend amounts, payment dates, and 3-month payout trends for all 12 Group A tickers including TSLY, CONY, APLY, and OARK. Group A pays during the first week of each month, making it the first group in the YieldMax monthly dividend cycle.

What Is YieldMax Group A?

YieldMax ETFs are synthetic covered call strategy ETFs managed by Tidal Financial Group. They sell call options on individual stocks or ETFs and distribute the collected premiums as monthly dividends.

Group A includes these 12 ETFs:

#	Ticker	Underlying	Description
1	TSLY	TSLA	Tesla Covered Call
2	OARK	ARKK	ARK Innovation Covered Call
3	APLY	AAPL	Apple Covered Call
4	FBY	META	Meta Covered Call
5	CONY	COIN	Coinbase Covered Call
6	NFLY	NFLX	Netflix Covered Call
7	AMDY	AMD	AMD Covered Call
8	PYPY	PYPL	PayPal Covered Call
9	SQY	SQ	Block Covered Call
10	MRNY	MRNA	Moderna Covered Call
11	MARO	MAR	Marriott Covered Call
12	ABNY	ABNB	Airbnb Covered Call

April 2026 Group A Dividend Schedule

Here are the key dates for April:

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Item	Date
Declaration Date	March 31, 2026 (Tue)
Ex-Dividend Date	April 3, 2026 (Thu)
Record Date	April 3, 2026 (Thu)
Pay Date	April 7, 2026 (Mon)

When Do I Need to Buy?

To receive the April dividend, you must hold shares by April 2 (Wednesday) before market close. If you buy on the ex-date (April 3), you will NOT qualify for this month’s payout.

With T+1 settlement, a purchase on April 2 settles on April 3, securing your dividend eligibility.

Per-ETF Dividend Details

⚠️ The specific USD dividend amounts that appeared in this section were pre-transition estimates and are no longer valid. For current per-ETF distribution amounts, check the official source: yieldmaxetfs.com/distribution-schedule/

Each Group A ETF’s distribution varies every pay period based on option premiums collected from the underlying stock. High-volatility names like TSLY and CONY tend to produce larger distributions; low-volatility names like APLY produce smaller but more stable payouts. Always use the official schedule for current figures before making investment decisions.

Key ETF Deep Dives

TSLY (Tesla Option Income ETF)

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TSLY is the poster child of the YieldMax lineup. Tesla’s high volatility generates substantial option premiums, translating to elevated dividends.

TSLY’s distributions fluctuate with Tesla’s volatility. Check current payouts at yieldmaxetfs.com/distribution-schedule/.

TSLY investment considerations:

• You give up some of Tesla’s upside in exchange for high monthly income
• Dividends provide partial downside cushion, but it’s NOT a full hedge
• Monitor NAV trends carefully — they matter more than yield

CONY (Coinbase Option Income ETF)

CONY boasts among the highest yields in Group A, driven by Coinbase’s extreme volatility tied to crypto markets. A crypto selloff can evaporate NAV rapidly. Current payouts at yieldmaxetfs.com/distribution-schedule/.

APLY (Apple Option Income ETF)

APLY takes the opposite approach: low volatility, low yield, but high stability. A ~2% monthly yield won’t turn heads, but Apple’s rock-solid fundamentals mean NAV erosion is far more gradual. This is the conservative pick within Group A.

MRNY (Moderna Option Income ETF)

MRNY is among Group A’s highest-yielding ETFs, courtesy of Moderna’s wild biotech-driven price swings. However, this is a double-edged sword — clinical trial results or regulatory news can send the stock (and your NAV) plunging.

Dividend Trend

ETF vs Individual Stocks: Which Is Better for Your Portfolio in 2026? →

Covered call ETF payouts fluctuate every pay period based on option premiums and underlying volatility. For current and historical distribution data, see yieldmaxetfs.com/distribution-schedule/.

What Every Covered Call ETF Investor Must Know

1. Don’t fixate on yield alone

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YieldMax ETFs advertise eye-popping yields. But those headlines don’t tell the full story. What truly matters is total return — dividends received minus NAV decline. A 60% annualized yield means nothing if NAV drops 40% in the same period.

2. Monitor NAV trends religiously

Covered call ETFs structurally limit upside participation while taking full downside exposure. Over time, this creates a downward NAV drift. Check the 6-12 month NAV chart before investing and track it monthly.

3. Understand the tax implications

U.S.-listed ETF dividends face withholding taxes (rates vary by country and tax treaty). Additionally, a significant portion of YieldMax distributions may be classified as Return of Capital (ROC), which is essentially getting your own money back rather than investment income.

4. Cap your portfolio allocation

I’d recommend keeping YieldMax ETFs to 10-20% of your total portfolio at most. They’re income supplements, not core holdings. Overconcentration in covered call ETFs magnifies all the risks we’ve discussed.

5. Reinvestment vs. cash withdrawal

Reinvesting dividends into a declining-NAV ETF can amplify losses. Consider taking dividends in cash and deploying them into other assets depending on your investment goals.

April Calendar Summary

Key dates for Group A investors:

• April 2 (Wed): Last day to buy for April dividend
• April 3 (Thu): Ex-dividend date (buying on this day = no April dividend)
• April 7 (Mon): Dividend pay date

Check Out Other Groups

YieldMax groups pay on different weeks, so diversifying across groups can create a weekly income stream:

YieldMax Weekly Dividend ETFs April 2026: YMAX, YMAG, ULTY Complete Breakdown →

Final Thoughts

April 2026 Group A dividends are holding relatively stable overall. CONY and MRNY continue to deliver outsized yields thanks to high underlying volatility, while APLY and MARO maintain their steady, conservative profiles.

The most important takeaway: don’t let headline yields blind you to NAV reality. Total return analysis — combining dividends with NAV changes — is the only honest way to evaluate covered call ETF performance. These are attractive income tools, but they demand informed, eyes-open investing.

Disclaimer: The dividend and yield data in this article are April 2026 estimates and may differ from actual declared amounts. This is not investment advice. All investment decisions and their consequences are your own responsibility.