TappAlpha SPY Growth & Daily Income ETF Declares Monthly Dividend — 14.2% Yield

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) declared a monthly dividend of $0.3009 per share — yielding 14.2%. Key dates and investor implications.

TappAlpha SPY Growth & Daily Income ETF (NASDAQ:TSPY) announced a monthly dividend on Monday, December 1st, highlighting the fund’s focus on delivering regular income to shareholders. For income-focused investors, this monthly distribution reinforces TSPY’s role as a high-yield, income-generating ETF in a diversified portfolio.

According to the filing, shareholders of record on Tuesday, December 2 will be paid a dividend of $0.3009 per share on Wednesday, December 3. That monthly payout annualizes to approximately $3.61 per share (0.3009 × 12), translating to a dividend yield of about 14.2%. The yield figure positions the TappAlpha SPY Growth & Daily Income ETF among higher-yielding ETFs, which may appeal to investors seeking steady cash flow.

Monthly dividends like TSPY’s can be attractive because they provide more frequent income than traditional quarterly distributions. For retirees, income-focused investors, or traders who use dividend payments to rebalance or reinvest, monthly payouts create predictable cash flow. However, a high yield should be evaluated in context: investors should consider the ETF’s strategy, underlying holdings, expense ratio, and total return history rather than relying on yield alone.

Important dates matter. The announcement specifies the record date (December 2) and the payment date (December 3). Investors should verify the ex-dividend date and consult official fund communications or their broker for confirmation before making trading decisions. Missing the ex-dividend date can affect eligibility for the distribution.

Tax treatment and reinvestment options are additional considerations. Dividend payments may be taxed differently depending on account type (taxable vs. tax-advantaged) and the classification of the distribution. Many brokers offer automatic dividend reinvestment (DRIP), which can compound returns over time if that aligns with an investor’s goals.

In summary, TappAlpha’s TSPY monthly dividend of $0.3009 per share (annualized ~$3.61) and a 14.2% yield underscores the ETF’s income orientation. Prospective and current shareholders should review fund documents, check official dates, and weigh yield against risk and total-return objectives before acting.

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