$QDVO ETF Dividend Guide 2026: Yield, Dividend History & Ex-Dates

Sponsored By Read carefully before investing. Prospectus: https://lsfunds.com/hubfs/Regulatory/Prospectus.pdf?hsLang=en

My guides on $GPIX, $SPYI and $QQQI are some of the most read pages on this site. People searching for "$QDVO dividend" keep landing here too, so here's the same full breakdown for $QDVO.

$QDVO is one of the more interesting funds in the high-income space because it's not trying to be a pure income machine. It's trying to give you most of the upside of big growth stocks while still paying you every month. Let's see what it actually pays, when, and whether that combo really works.

What Is $QDVO?

$QDVO is the Amplify CWP Growth & Income ETF. It launched on August 22, 2024 on NYSE Arca and is run by Capital Wealth Planning (CWP), the same team behind the much older $DIVO. The portfolio managers are Kevin Simpson and Josh Smith, CFA, who have managed it since inception. As of November 6, 2026 it had about $725 million in net assets, according to Amplify.

Amplify describes the objective as capital appreciation first, and high current income second. That order matters. Here's how it works:

• A concentrated growth portfolio. CWP picks 20 to 40 large-cap growth stocks with strong earnings and cash flow. It held 41 positions as of November 6.
• Tactical covered calls. Instead of selling calls on the whole portfolio every month, CWP writes calls on individual stocks when it likes the setup, and may also write calls on broad market indexes.
• Active management. No index. The managers decide which stocks to own, which sectors to lean into and when to sell calls.

The fee is 0.56% a year. That's $56 a year on a $10,000 position.

How Much Does $QDVO Pay Per Month?

Over the last 12 payments (November 2025 through October 2026), $QDVO paid between $0.23625 and $0.28178 per share. The most recent one, paid October 30, 2026, was $0.27087.

In real dollars: $10,000 buys about 365 shares at the $27.40 NAV. At the October rate, that's about $98.86 for the month. Over the last 12 payments, the same $10,000 would have collected about $1,156.

There are a few yield numbers floating around, and they mean different things:

• Trailing 12-month yield: about 11.6%. The last 12 payments ($3.16873) divided by the $27.40 NAV. This is what actually happened.
• Distribution rate: 11.41%. Amplify's number, the current monthly payout annualized and divided by NAV.
• 30-day SEC yield: 0.37% as of October 31, 2026. This one looks shocking next to 11%, and I explain exactly why in a minute.

The payout has also been creeping up. The average monthly payment in 2025 was about $0.240. So far in 2026 it's about $0.263.

$QDVO Ex-Dividend Dates and Pay Schedule

$QDVO runs on an end-of-month schedule. The ex-dividend date usually lands one to three business days before the end of the month, and the payment arrives one business day later, on or right around the last business day of the month. The record date is the same day as the ex-date.

• October 2026: ex-date October 29, paid October 30.
• September 2026: ex-date September 29, paid September 30.
• August 2026: ex-date August 28, paid August 31.

Amplify has already posted the rest of 2026. The November ex-date is November 27 (paid November 30), and the December ex-date is December 30 (paid December 31). The amounts get announced closer to each date.

This is a nice detail if you own funds like $SGOV or $BIL that pay at the start of the month. $QDVO's check lands at the end, so it fills in the other side of the calendar. My monthly dividend ETF calendar shows which funds pay early, mid and late month so you can spread your income out.

$QDVO Dividend History (2024 to 2026)

Here's every $QDVO payment since the first one in September 2024. That's 26 payments totaling $6.25 per share. In 2025 it paid $2.88, and in 2026 so far it has paid 10 times for $2.63.

Notice the jump in December 2024 ($0.27810) compared with the months around it. Year-end payouts on option-income funds can include extra gains the fund has to distribute, so don't read one big month as the new normal.

The 11% Distribution Rate vs the 0.37% SEC Yield

This is the part most people miss. $QDVO's 30-day SEC yield was just 0.37% at the end of October. Its distribution rate was 11.41%. How can both be true?

Amplify spells it out: the SEC yield only counts income earned from dividends, excluding option income, after expenses. $QDVO owns growth stocks like Apple, Nvidia and Microsoft that pay tiny dividends. So the "dividend" part of its income is small. The rest of the monthly payout comes from the call premium it collects and from gains in the portfolio.

Amplify also notes that distributions may include return of capital. That isn't automatically bad. With a fund like this, part of the payout can be a tax-efficient handback of your own money while the stocks keep compounding. But it does mean you shouldn't treat 11% as "interest." The question that matters is whether the share price holds up while it pays you. Which brings me to total return.

What $QDVO Owns

Here are the top 10 holdings Amplify listed in early November 2026:

By sector, Information Technology was 50.98% of the fund, Communication Services 14.88%, Consumer Discretionary 10.26% and Health Care 8.18%. So this is a big-tech growth fund at heart. If tech has a bad stretch, $QDVO will feel it, covered calls or not.

Total Return: Is the Payout Costing You Growth?

Here's the check I always run on any high-income fund: put the payout next to the total return. If the fund pays 11% but the price keeps sliding, you're just getting your own money back.

$QDVO passes that test so far. Its NAV was $27.40 on November 6, 2026, and it is not flagged for price decay in our data, meaning the share price is at or above where it started. Amplify's own numbers, as of October 31, 2026 (with distributions reinvested):

That's honestly impressive for a fund paying 11%. Since launch, $QDVO has kept up with most of the S&P 500 Growth index while handing out a monthly check. It has trailed by about 0.9 points a year annualized. That gap is the price you pay for the covered calls capping some upside, plus the fee.

Two things to keep in mind: two years is a short record, and it has been a strong market for big tech. I'd want to see how it holds up in a real tech bear market before calling it bulletproof. You can compare it against other income funds on total return at ETFTotalReturns.com.

How Much $QDVO for $500, $1,000 or $2,000 a Month?

Using the last 12 payments ($3.16873 per share) and the $27.40 NAV:

Compare that with a T-bill fund like $BIL, where $1,000 a month takes over $320,000. That's the appeal of a fund like this. Just remember the trade-off: you're taking stock market risk to get there. To model your own numbers with reinvesting, use DividendProjection.com.

$QDVO vs Other Monthly Income ETFs

Here's how $QDVO lines up against a few funds people usually compare it to, using our current MonthlyETFs.com data:

The big difference: $SPYI, $JEPQ, $GPIQ and $QQQI are all built around broad S&P 500 or Nasdaq-100 exposure. $QDVO is a hand-picked portfolio of about 40 growth stocks with tactical calls. That gives the managers more room to add value, and more room to be wrong.

If you want live yields and price decay for all of these side by side, plus filters to find similar funds, that's exactly what TopDividendETFsPRO is built for.

$DIVO is its older sibling from the same CWP team. It owns large-cap dividend payers instead of growth stocks, so it yields less but is built for steadier income. If you want the growth tilt, $QDVO. If you want the calmer version, $DIVO. My $DIVO monthly dividend page has its numbers.

The Real Risks

• Big-tech concentration. About half the fund is tech, and the top 10 holdings are about 58% of it. A tech sell-off hits this fund directly.
• Capped upside. Covered calls give away some gains in strong rallies. You can already see it in the gap versus the S&P 500 Growth index.
• Payouts aren't fixed. The monthly amount moves with option premiums and market conditions. It has ranged from about $0.19 to $0.29 per month since early 2025.
• Return of capital and taxes. Part of a distribution can be return of capital, and the tax character of option income can differ from qualified dividends. Check your 1099 and talk to a tax pro.
• Manager risk and a short record. It's actively managed and only about two years old. It hasn't been through a long bear market yet.

My Take

I've been a dividend investor for over 10 years, and I reached financial freedom at 31 by building income. The funds I trust most are the ones where the check doesn't come out of my principal. So far, $QDVO is in that group.

What I like: it pays around 11%, it pays at the end of the month (nice next to early-month payers), the share price has gone up since launch, and total return has stayed close to the growth index. The 0.56% fee is fair for an actively managed fund.

What I'd watch: it's basically a big-tech fund with an income overlay, and it's only two years old. I wouldn't make it my whole income plan. I'd rather own it as one piece next to something broader like $SPYI and something steadier like $DIVO, so one bad tech year doesn't wreck my monthly income. If I'm reinvesting, I like that the growth engine is still running underneath.

Want more ideas? Start with my list of the best ETFs for monthly income in 2026. And if you'd rather get paid every week, WeeklyETFs.com tracks every weekly payer.

$QDVO Dividend FAQ

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Sponsored By Read carefully before investing. Prospectus: https://lsfunds.com/hubfs/Regulatory/Prospectus.pdf?hsLang=en