YieldMax DKNG Option Income Strategy ETF (DRAY) Dividend
YieldMax DKNG Option Income Strategy ETF (DRAY) currently pays a dividend yield of 64.26%, distributing $9.10 per share annually ($0.17 per payment). The company operates in the Diversified Fund sector.
This is a trailing yield: the last 12 months of distributions divided by today's share price. A figure this high almost always means an option-income fund that sells upside for premium and pays the premium out as distributions, so the share price erodes while the headline yield stays enormous. It is not a forecast, and it is not free money — a large part of it is your own capital coming back to you. Check the fund's NAV trend before treating any of it as income.
DRAY dividend at a glance
| Dividend Yield | 64.26% (option-income fund) |
|---|---|
| Annual Dividend | $9.10 per share |
| Per Payment | $0.17 |
| Payout Frequency | Weekly |
| Next Ex-Dividend Date | September 10, 2026 |
| Next Payment Date | October 1, 2026 |
| Sector | Diversified Fund |
| Implied Share Price (from yield) | $14.16 |
What DRAY pays on a $10,000 investment
At a 64.26% yield, $10,000 invested in DRAY generates about $6,426.00 per year. Share counts below use an implied price of $14.16, derived from the $9.10 annual dividend and the 64.26% yield.
| Amount Invested | Approx. Shares | Annual Dividend Income | Income per Payment |
|---|---|---|---|
| $1,000 | 70.6 | $642.60 | — |
| $5,000 | 353.1 | $3,213.00 | — |
| $10,000 | 706.2 | $6,426.00 | — |
| $25,000 | 1,765.4 | $16,065.00 | — |
| $100,000 | 7,061.5 | $64,260.00 | — |
These figures assume the dividend and share price stay where they are today. They do not account for taxes, dividend cuts, price movement, or reinvestment. If you reinvest instead of taking the cash, the share count grows each payment — see how the dividend snowball compounds.
How DRAY's dividend compares
Across the 713 dividend stocks and ETFs DivTrkr tracks, the median yield is 3.93%. DRAY's 64.26% is 60.33 percentage points above that median, ranking 37th of 713 by yield.
Within Diversified Fund, where we track 111 names, the median yield is 20.33% — putting DRAY above its sector. A yield well above the sector norm is worth a second look: it can signal a depressed share price rather than a generous payout.
What the numbers mean
Whether these payments are taxed at the lower qualified rate or as ordinary income depends on how long you hold the shares and what kind of company pays them. See the qualified vs. ordinary dividend rules.
DRAY dividend FAQ
When is the next DRAY ex-dividend date?
The next DRAY ex-dividend date is September 10, 2026, with the payment scheduled for October 1, 2026. You must own shares before the ex-dividend date to receive that payment.
What is DRAY's dividend yield?
DRAY currently yields 64.26%, based on $9.10 in dividends per share over the past year.
How often does DRAY pay dividends?
DRAY pays weekly of about $0.17 per share.
How much dividend income would $10,000 of DRAY generate?
At the current 64.26% yield, $10,000 invested in DRAY would produce roughly $6,426.00 per year, before taxes and assuming the dividend holds.
Is DRAY a Dividend Aristocrat?
No. DRAY is not currently on the Dividend Aristocrat or Dividend King list, which require 25 and 50 consecutive years of dividend increases respectively.
DRAY dividend history
DivTrkr holds 44 recorded DRAY dividend payments going back to 2025. See the full DRAY dividend history — every payment, annual totals and growth by year.
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- PLTY — YieldMax PLTR Option Income Strategy ETF dividend (90.59%)
- RGYY — GraniteShares YieldBOOST RGTI ETF dividend (89.97%)
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Similar yields to DRAY
- RBLY — YieldMax(TM) RBLX Option Income Strategy ETF dividend (63.82%)
- NUGY — Graniteshares YieldBOOST Gold Miners ETF dividend (64.85%)
- PLTW — Roundhill PLTR WeeklyPay ETF dividend (65.13%)
- HOOY — YieldMax HOOD Option Income Strategy ETF dividend (65.85%)
- AIYY — YieldMax AI Option Income Strategy ETF dividend (66.33%)
- GDXW — Roundhill Gold Miners Weeklypay ETF dividend (66.95%)
Track DRAY dividends free with DivTrkr — see exactly what your own position pays, and when. Also browse the full dividend calendar or the A–Z list of dividend stocks.