LemonTrades
TL;DR
- MSTY pays every week. The last 13 payments came to about $3.02 a share, or about $12 a year at that pace, roughly 95% of its price near $12.65.
- But the share price has fallen from about $50 to near $12.65 in a year, after a 1-for-5 reverse split in December 2025. High payouts and a falling price have largely cancelled out.
- Part of each payout is return of capital: some of your own money handed back. It tracks MicroStrategy (MSTR), so it moves with bitcoin.
- LemonTrades tells you what moved bitcoin and your funds, and why, as it happens.
MSTY sells options on MicroStrategy, the bitcoin-holding company, to produce very large payouts. Here’s the record.
MSTY’s recent payouts
| Paid | Per share |
|---|---|
| Nov 6, 2026 | $0.1564 |
| Oct 30, 2026 | $0.163 |
| Oct 23, 2026 | $0.1671 |
| Oct 16, 2026 | $0.2474 |
| Oct 9, 2026 | $0.2445 |
| Oct 2, 2026 | $0.3111 |
| Sep 25, 2026 | $0.3421 |
| Sep 18, 2026 | $0.2395 |
| Sep 11, 2026 | $0.3121 |
| Sep 4, 2026 | $0.2105 |
| Aug 28, 2026 | $0.2836 |
| Aug 21, 2026 | $0.162 |
| Aug 14, 2026 | $0.1809 |
Weekly payouts have trended down as MicroStrategy and bitcoin fell. YieldMax described about 13.7% of its October 28 payout as return of capital.
How it makes its payouts
MSTY holds MicroStrategy exposure through options and Treasury bills, and sells call options on MicroStrategy. Because MicroStrategy is extremely volatile, those options are expensive, so the premiums are large. When the stock rises sharply, MSTY misses most of the gain; when it falls, MSTY falls with it.
What to watch
- Total return matters, not yield: a 95% yield means little if the price falls 75%.
- Return of capital: some payouts are your own money returned.
- Reverse splits: MSTY did a 1-for-5 reverse split on December 8, 2025, after its price fell. Old per-share figures aren’t comparable.
- Bitcoin risk: it’s ultimately a bet on bitcoin, through MicroStrategy.
- Taxes: payouts are mostly taxed as ordinary income in a regular account.
Similar funds: ULTY and NVDY. On bitcoin: should you buy bitcoin now.
Sources
- StockAnalysis: MSTY dividend history
- YieldMax: MSTY fund page
- YieldMax: planned reverse stock splits (November 2025)
- Yahoo Finance: MSTY returned more than half your capital in a quarter
- Investor.gov: Return of capital
Education, not financial advice. Past payouts don’t predict future ones. See our disclaimer.
