PLTY Dividend: Next Ex-Date, History & Total Return

PLTY, the YieldMax PLTR Option Income Strategy ETF, is an actively managed fund whose primary objective is to seek current income. Its secondary objective is to seek exposure to the share price of Palantir Technologies Inc. (PLTR), generally subject to a limit on potential investment gains. The fund does not invest directly in Palantir stock.¹

To mirror PLTR's moves, the fund buys PLTR call options and sells PLTR put options, generally with one-month to six-month terms and strikes approximately equal to the stock's then-current level. The prospectus calls this synthetic long exposure: together, the bought calls and sold puts give the fund indirect exposure equal to approximately 100% of PLTR while the options are open.¹

Against that synthetic position, PLTY sells PLTR calls that generally expire in one month or less and keeps the premium the buyer pays. The prospectus says those premiums depend largely on swings in PLTR's stock, though interest rates can also influence them. Short-term U.S. Treasuries serve as collateral for the options, and their interest is another source of the weekly distributions the fund seeks to pay, and YieldMax groups PLTY with its weekly payers.^1,2

The fund's own page describes PLTY as selling call spreads on PLTR. The prospectus says the adviser may write a credit call spread, selling a call and buying another at a higher strike with the same expiration, to seek more of PLTR's upside while still collecting a net premium. The adviser primarily turns to this when it believes PLTR's shares are likely to rise significantly in the short term, such as after a substantial selloff.^1,3

The sold calls generally carry strikes about 0%-15% above PLTR's share level when written. Under normal circumstances, at least 80% of net assets goes into instruments that give indirect exposure to PLTR, and in notional terms the holdings together provide PLTR exposure equal to at least 95% of total assets. The prospectus says this leaves the fund concentrated in the software industry, the industry Palantir was assigned to as of the prospectus date.¹

In 2025, Dividend Stacker's record of past payments shows PLTY made 22 distributions totaling $57.96 per share. The smallest was $0.4345, with an ex-date of December 18, 2025. The largest was $7.49, with an ex-date of August 14, 2025.^3,4

Palantir's stock may be highly volatile, partly because short sellers may trade a large proportion of its shares and because the company draws disproportionate public attention. If PLTR trading is halted, trading in PLTY shares may be affected, temporarily or indefinitely.¹

Because its options are based on PLTR, the fund is subject to certain of the same risks as a shareholder. Palantir may miss its own guidance, which has been inaccurate in certain respects before, and the stock could then decline significantly. As a software company, it may also face intense competition and the risk that its products become rapidly obsolete.¹

The sold calls limit how much of a PLTR rally the fund keeps. In a decline, the fund is subject to all potential losses, which premiums may not offset. Because returns depend on the path PLTR takes, the fund may fall short of the stock's gain over several months, or even lose money while the stock rises, if PLTR returns less than the cap in any one month. With a credit call spread, a rapid rise may still cap gains.¹

No weekly payment is assured, and amounts will likely vary greatly from one distribution to the next. Repeated distributions may significantly erode the fund's net asset value (NAV) and trading price over time.¹

PLTY focuses on a single stock, so its value may be more volatile than the market as a whole. That focus may also limit how many clearing members will transact for the fund, which heightens the risk if one defaults, and if the fund cannot find one, it may be unable to carry out its strategy. The fund is also non-diversified, which may increase its volatility.¹