YieldMax Weekly Dividend ETFs: March 2026 Week 4 Payout Recap

Welcome to the weekly YieldMax dividend recap. Every week I track the payouts from the three YieldMax weekly dividend ETFs — YMAX, YMAG, and ULTY — so you can see exactly what these funds are distributing and how the trends are shaping up.

This week covers March 2026 Week 4 (March 23~27). If you’re holding weekly payers, knowing the ex-dates and payout amounts each week is essential for timing purchases and tracking your income.

This Week’s Dividend Summary

Here’s the week 4 data for all three weekly payers:

ETF	Ticker	Ex-Date	Pay Date	Div/Share	Ann. Yield
YieldMax Universe Fund	YMAX	3/25 (Wed)	3/27 (Fri)	$0.36	~42%
YieldMax Magnificent 7 Fund	YMAG	3/25 (Wed)	3/27 (Fri)	$0.31	~39%
YieldMax Ultra Option Income	ULTY	3/25 (Wed)	3/27 (Fri)	$0.28	~58%

All three shared the same ex-date of March 25 (Wednesday) and pay date of March 27 (Friday). To have received this week’s dividend, you needed to own shares by March 24 (Tuesday) before market close.

YMAX: Steady Performance from the Broad Diversifier

YMAX is the largest weekly payer by assets and the most broadly diversified. As a fund of funds, it holds the entire YieldMax single-stock ETF lineup, giving you exposure to everything from Tesla to Microsoft through a single ticker.

This week’s $0.36 per share was a slight bump from last week’s $0.34. March has been a relatively stable month for YMAX, with dividends hovering in a tight range.

YMAX 4-Week Trend

Week	Div/Share	Price (Ex-Date)	Weekly Yield
Mar W1	$0.33	$15.82	2.09%
Mar W2	$0.35	$15.65	2.24%
Mar W3	$0.34	$15.71	2.16%
Mar W4	$0.36	$15.58	2.31%

YMAX’s strength is diversification. When one underlying asset tanks, others can compensate. The flip side is you won’t capture the outsized premiums that single-stock concentration can produce. At roughly ~42% annualized, it sits in the middle of the three weekly payers.

I personally prefer YMAX over the other two if I had to pick just one weekly payer. The broader diversification means fewer unpleasant surprises.

YMAG: Big Tech Focus, Moderate Returns

YMAG concentrates on the Magnificent 7 — the seven biggest tech companies that have dominated market performance in recent years. If you believe big tech will continue to lead, YMAG gives you weekly income from that thesis.

This week’s $0.31 was a slight dip from $0.33 last week. Post-earnings season volatility tends to fade in late March, and covered call premiums (which fund dividends) follow volatility downward. This pattern is completely normal.

YMAG 4-Week Trend

Week	Div/Share	Price (Ex-Date)	Weekly Yield
Mar W1	$0.30	$17.25	1.74%
Mar W2	$0.34	$17.08	1.99%
Mar W3	$0.33	$16.95	1.95%
Mar W4	$0.31	$17.12	1.81%

YMAG typically has the lowest yield of the three (~39% annualized), but its NAV tends to hold up better during big tech bull markets. The seven underlying companies — Apple, Microsoft, Google, Amazon, NVIDIA, Meta, Tesla — have the strongest business fundamentals of any group in the YieldMax ecosystem.

The tradeoff: when big tech corrects as a sector, all seven drop simultaneously, and YMAG has nowhere to hide.

ULTY: Big Dividends, Big Questions

ULTY is the highest-yielding weekly payer, running the most aggressive option strategies in the YieldMax lineup. If YMAX is the balanced approach and YMAG is the big tech play, ULTY is the full-throttle income maximizer.

This week’s $0.28 per share represents an annualized yield of roughly 58%. Those are attention-grabbing numbers, no question about it.

ULTY 4-Week Trend

Week	Div/Share	Price (Ex-Date)	Weekly Yield
Mar W1	$0.27	$9.85	2.74%
Mar W2	$0.29	$9.72	2.98%
Mar W3	$0.26	$9.65	2.69%
Mar W4	$0.28	$9.58	2.92%

Look carefully at the price column. ULTY’s share price has drifted from $9.85 to $9.58 in just one month — a 2.7% decline. That’s NAV erosion in real-time. The weekly dividends are extracting value, but the principal is shrinking alongside them.

ULTY’s dividends look spectacular on paper, but the NAV decay is relentless. If cumulative dividends don’t outpace NAV decline, you’re losing money despite those weekly deposits. This is the fundamental tension of high-yield covered call investing.

Three ETFs Side by Side

Here’s how they compare on the key metrics:

Factor	YMAX	YMAG	ULTY
Strategy	Full YieldMax diversification	Magnificent 7 concentration	Maximum yield extraction
Annualized Yield	~42%	~39%	~58%
NAV Stability	Medium	Medium~Good	Low
Diversification	High	Medium	Low
Best For	Balanced investors	Big tech bulls	Aggressive income seekers

If I were building a weekly payer portfolio, I’d go with roughly 50% YMAX, 30% YMAG, 20% ULTY. This keeps the overall risk level manageable while still capturing some of ULTY’s elevated yield. I wouldn’t recommend going heavy on ULTY — the NAV erosion can quickly overwhelm the dividend income.

Week-over-Week Changes

Compared to last week (March W3):

• YMAX: $0.34 -> $0.36 (up slightly)
• YMAG: $0.33 -> $0.31 (down slightly)
• ULTY: $0.26 -> $0.28 (up slightly)

Overall a quiet week across all three. Market volatility was subdued, which kept dividends in their normal ranges. As we move into April, Q1 earnings season kicks off, and I’d expect volatility — and potentially dividends — to pick up.

Weekly Payer Investment Reminders

A few things that are worth repeating every week:

1. Buy Timing Matters

To capture a weekly dividend, you must own shares by market close the day before the ex-date. U.S. equities settle T+1, so purchasing one business day before the ex-date is sufficient. This week, the cutoff was Tuesday March 24.

2. Taxes Add Up

Every weekly dividend triggers a taxable event. With 52 distributions per year, tax reporting gets more complex than with monthly payers. Factor in the 15~30% U.S. withholding tax, plus any domestic income tax obligations.

3. Currency Matters for International Investors

If you’re investing from outside the U.S., exchange rate fluctuations directly impact your real returns. As of late March 2026, USD exchange rates have been in a relatively stable range, but this can shift quickly.

4. NAV Is the Number You Can’t Ignore

I’ll keep saying this because it’s the single most important concept in covered call ETF investing: dividends are not profit if your principal is shrinking faster. Check your NAV at least monthly and calculate total return (dividends received minus NAV decline). This one habit will prevent the most common mistake in yield investing.

Looking Ahead to Next Week

April’s first week brings U.S. employment data releases, which can influence Fed rate expectations and market volatility. If volatility spikes, covered call premiums (and thus dividends) may get a temporary boost. But remember, volatility-driven dividend increases often come alongside NAV volatility too.

Q1 earnings season also begins in earnest through April, which typically means more underlying price movement and wider option spreads. This could be a higher-dividend month — but also a higher-risk one.

I’ll be back next week with the April Week 1 numbers.

Final Thoughts

YieldMax weekly payers deliver on their core promise: income deposited into your account every single week. For investors who value frequent cash flow, that’s genuinely appealing.

But the appeal comes with responsibility. You need to track NAV, calculate total return, manage position sizes, and resist the temptation to over-allocate based on yield alone. The investors who succeed with these products are the ones who look past the headline numbers and focus on what’s really happening to their money.

This week was a steady, unremarkable one for all three ETFs — and honestly, those are the weeks I appreciate most. It’s the quiet weeks that let you build consistent data, spot trends, and make informed decisions for the weeks that aren’t so quiet.

See you next week. Thanks for reading.