YieldMax Group A April 2026 Dividend Breakdown: All 12 ETFs with Official Payouts
If you’re holding YieldMax ETFs, the monthly dividend schedule is probably the first thing you check each month. In this post, I’m breaking down the April 2026 dividend dates and per-ETF payouts for all 12 YieldMax Group A tickers.
YieldMax divides its ETFs into four groups (A, B, C, D) based on payout timing. Group A pays during the first week of each month and includes popular names like TSLY, OARK, and APLY.
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:
| 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 April Dividend Details
Below are the estimated April 2026 dividends per share. Actual amounts depend on option premiums, underlying price movements, and fund management decisions.
| Ticker | Underlying | Div/Share (USD) | Price Basis (USD) | Monthly Yield | Annualized Yield |
|---|---|---|---|---|---|
| TSLY | TSLA | $0.72 | $14.20 | 5.07% | ~60.8% |
| OARK | ARKK | $0.48 | $12.50 | 3.84% | ~46.1% |
| APLY | AAPL | $0.38 | $18.90 | 2.01% | ~24.1% |
| FBY | META | $0.52 | $21.30 | 2.44% | ~29.3% |
| CONY | COIN | $1.15 | $16.80 | 6.85% | ~82.1% |
| NFLY | NFLX | $0.55 | $22.10 | 2.49% | ~29.9% |
| AMDY | AMD | $0.61 | $15.40 | 3.96% | ~47.5% |
| PYPY | PYPL | $0.32 | $16.20 | 1.98% | ~23.7% |
| SQY | SQ | $0.58 | $13.70 | 4.23% | ~50.8% |
| MRNY | MRNA | $0.95 | $11.80 | 8.05% | ~96.6% |
| MARO | MAR | $0.28 | $19.50 | 1.44% | ~17.2% |
| ABNY | ABNB | $0.42 | $14.60 | 2.88% | ~34.5% |
Disclaimer: These are April 2026 estimates and may differ from actual declared amounts. Always confirm with official filings before making investment decisions.
Key ETF Deep Dives
TSLY (Tesla Option Income ETF)
TSLY is the poster child of the YieldMax lineup. Tesla’s high volatility generates substantial option premiums, translating to elevated dividends.
The April payout of $0.72 per share is slightly down from prior months, reflecting reduced Tesla volatility since mid-March. Still, the annualized yield sits around ~60%, which is remarkable by any standard.
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 the highest yield in Group A, driven by Coinbase’s extreme volatility tied to crypto markets. The April dividend of $1.15 is substantial, but so is the risk — a crypto selloff can evaporate NAV rapidly.
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 leads Group A in monthly yield at 8.05% this month, 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.
3-Month Dividend Trend
Here’s how key Group A ETFs have performed over the past three months:
| Ticker | Feb Dividend | Mar Dividend | Apr Dividend | Trend |
|---|---|---|---|---|
| TSLY | $0.80 | $0.76 | $0.72 | Gradual decline |
| CONY | $1.25 | $1.10 | $1.15 | Rebounding |
| APLY | $0.35 | $0.40 | $0.38 | Stable |
| FBY | $0.48 | $0.50 | $0.52 | Slight uptick |
| AMDY | $0.55 | $0.58 | $0.61 | Rising |
| MRNY | $0.88 | $1.02 | $0.95 | Volatile |
As you can see, covered call ETF payouts fluctuate month to month. TSLY is trending slightly lower while FBY and AMDY are on the upswing.
What Every Covered Call ETF Investor Must Know
1. Don’t fixate on yield alone
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 Group A 2026 Annual Calendar - Full year schedule
- YieldMax Group B April 2026 Breakdown - NVDY, AMZY, GOOGY (week 2)
- YieldMax Group D April 2026 Breakdown - MSFO, PLTY (week 4)
- YieldMax Weekly Payers April 2026 - YMAX, YMAG, ULTY
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.
What is YieldMax Group A?
YieldMax Group A is a collection of 12 ETFs that pay dividends during the first week of each month. It includes TSLY, OARK, APLY, and other covered call ETFs that generate high monthly income from option premiums.
When is the April 2026 Group A ex-dividend date?
The April 2026 Group A ex-dividend date is April 3 (Thursday), with a pay date of April 7 (Monday). You must own shares by April 2 to qualify.
Are YieldMax ETF dividends the same every month?
No. YieldMax ETFs use covered call strategies, so dividends fluctuate monthly based on option premium levels. Higher volatility months tend to produce larger payouts.
