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

The Global X NASDAQ 100 Covered Call ETF (QYLD) seeks investment results that generally correspond closely to the price and yield performance of the Cboe NASDAQ-100 BuyWrite V2 Index, before fees and expenses. It invests at least 80% of its total assets in the securities of that index. The prospectus calls this a buy-write, or covered call, strategy: the fund buys a basket of stocks and also sells call options that correspond to that basket.¹

Each calendar month, QYLD writes a succession of one-month call options on the NASDAQ-100 Index and covers them by holding the securities underlying the options. Buyers pay QYLD a premium for each call, which gives them a claim on any rise in the index above the exercise price. Global X lists QYLD's distribution frequency as monthly.^1,2

QYLD's index follows the Cboe NASDAQ-100 BuyWrite Index, known as BXN, which writes a succession of one-month at-the-money calls on the NASDAQ-100. The V2 version copies that methodology with one exception: it holds each call until one day before expiration, generally the Thursday preceding the third Friday of the month, and liquidates it at a volume-weighted average price determined at the close.¹

QYLD switched to its current objective and strategy on October 15, 2015. Global X's index performance figures use the original BuyWrite index before that date and the V2 index after it.²

Each call QYLD writes has an exercise price generally at or above the index's prevailing market price, trades on a national securities exchange, can be exercised only on its expiration date, and settles in cash. To hold the stocks, the fund generally uses a replication strategy, buying the index's securities in approximately the same proportions. The adviser expects the correlation between QYLD's performance and its index, before fees and expenses, to exceed 95% over time.¹

Dividend Stacker's record of past payments summarizes QYLD's completed years starting with 2015, and it shows 12 distributions in every year through 2025. Annual totals ranged from $1.89 per share in 2017 to $2.85 in 2021.³

The biggest annual increase came in 2018, when the total rose 40.6% to $2.65. Gains in 2020 and 2021 led to the $2.85 high, and the total then fell 23.3% to $2.19 in 2022, the steepest annual decline in the record.³

The 2025 total of $2.04 per share fell 10.4% from 2024 and came in below the $2.20 paid in 2015, so the record ends with no current run of annual increases.³

By writing covered calls on a portion of its portfolio, QYLD gives up the opportunity to benefit from potential increases in the NASDAQ-100 above the options' exercise prices, but it may continue to bear the risk of declines. The premiums may not be sufficient to offset losses from the underlying stocks' volatility over time, and in a rapidly rallying equity market the fund's index is expected to underperform the NASDAQ-100.¹

QYLD has no control over the exercise of an option by its holder and may lose the benefit of any capital appreciation on the underlying stocks when an option is exercised. Its ability to sell the stocks underlying the options is also limited while the options are in effect, unless it cancels out the positions by buying offsetting identical options first.¹

As of December 31, 2025, QYLD's index was concentrated in the semiconductors and semiconductor equipment industry and had significant exposure to the information technology sector. The prospectus says semiconductor companies are in a highly competitive industry and face increased risk from trade agreements. It says information technology companies are subject to rapid changes in technology product cycles, rapid product obsolescence, government regulation, and increased competition.¹

Options are derivatives, and their values may not correlate perfectly with the index. The market for options contracts may become illiquid under adverse market or economic conditions. Exchanges may also suspend options trading in volatile markets, and QYLD may then be unable to write options when doing so would be desirable or advantageous.¹

QYLD is non-diversified, so a change in one holding's value may have a greater effect on its net asset value and may make it more volatile than more diversified funds.¹