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This Nvidia ETF Has a Shocking 48% Dividend Yield. Is It Too Good to Be True?

You can get an exceptional level of current income with this ETF. But it comes at a cost.

By Matt Frankel, CFP – Jul 5, 2024 at 5:41AM EST

The YieldMax NVDA Option Income Strategy ETF (NVDY 3.70%) uses the power of covered call options to create an exceptional income stream from Nvidia (NVDA 4.16%) stock. But there's a catch. In this video, I explain how the YieldMax ETF works, and what investors should know before they start chasing an amazing yield.

*Stock prices used were the morning prices of July 2, 2024. The video was published on July 3, 2024.

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About the Author

Matt Frankel, CFP
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst specializing in the real estate and financial sectors. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, Globe St, The National Desk, and other TV networks and publications for his real estate, financial, stock market, and investing expertise.
TMFMattFrankel
X@MattFrankelCFP

Matt Frankel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Tidal Trust II - YieldMaxDA Option Income Strategy ETF Stock Quote
Tidal Trust II - YieldMaxDA Option Income Strategy ETF
NYSEMKT: NVDY
$12.78
(-3.70%)-$0.49
Nvidia Stock Quote
Nvidia
NASDAQ: NVDA
$171.28
(-4.14%)-$7.40

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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