Overlay Shares Large Cap Equity (OVL) Dividend
Overlay Shares Large Cap Equity (OVL) currently pays a dividend yield of 3.40%, distributing $1.95 per share annually ($0.49 per quarter). It is an exchange-traded fund, so its distribution reflects the dividends collected from its underlying holdings.
OVL dividend at a glance
| Dividend Yield | 3.40% |
|---|---|
| Annual Dividend | $1.95 per share |
| Per Payment | $0.49 |
| Payout Frequency | Quarterly |
| Payments per Year | 4 |
| Next Ex-Dividend Date | October 29, 2026 |
| Next Payment Date | November 19, 2026 |
| Type | Exchange-Traded Fund |
| Implied Share Price (from yield) | $57.41 |
What OVL pays on a $10,000 investment
At a 3.40% yield, $10,000 invested in OVL generates about $340.00 per year, or roughly $85.00 every quarter. Share counts below use an implied price of $57.41, derived from the $1.95 annual dividend and the 3.40% yield.
| Amount Invested | Approx. Shares | Annual Dividend Income | Income per Quarter |
|---|---|---|---|
| $1,000 | 17.4 | $34.00 | $8.50 |
| $5,000 | 87.1 | $170.00 | $42.50 |
| $10,000 | 174.2 | $340.00 | $85.00 |
| $25,000 | 435.5 | $850.00 | $212.50 |
| $100,000 | 1,741.8 | $3,400.00 | $850.00 |
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 quarter — see how the dividend snowball compounds.
OVL dividend payment schedule
OVL pays on a quarterly schedule — 4 payments a year. The next confirmed ex-dividend date is October 29, 2026, with payment on November 19, 2026. Later rows are projected forward at the same interval and will shift when Overlay Shares Large Cap Equity declares each dividend.
| Ex-Dividend Date | Payment Date | Amount per Share | Status |
|---|---|---|---|
| October 29, 2026 | November 19, 2026 | $0.49 | Confirmed |
| January 29, 2027 | February 19, 2027 | $0.49 | Projected |
| April 29, 2027 | May 20, 2027 | $0.49 | Projected |
| July 29, 2027 | August 19, 2027 | $0.49 | Projected |
To collect a OVL dividend you must own the shares before the ex-dividend date. Buy on the ex-date itself and the previous owner keeps that payment. Read how ex-dividend, record, and payment dates fit together.
How OVL's dividend compares
Across the 713 dividend stocks and ETFs DivTrkr tracks, the median yield is 3.76%. OVL's 3.40% is 0.36 percentage points below that median, ranking 379th of 713 by yield.
Among the 87 dividend ETFs we track, the median yield is 4.75% — putting OVL below that group.
What the numbers mean
Payout ratio is not reported for OVL because it is a fund rather than an operating company — an ETF distributes the income it collects from its holdings, so there are no company earnings to measure the payout against.
Like most US dividend payers, OVL distributes quarterly, so a full year of ownership produces four payments.
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 fund pays them. See the qualified vs. ordinary dividend rules.
OVL dividend FAQ
When is the next OVL ex-dividend date?
The next OVL ex-dividend date is October 29, 2026, with the payment scheduled for November 19, 2026. You must own shares before the ex-dividend date to receive that payment.
What is OVL's dividend yield?
OVL currently yields 3.40%, based on $1.95 in dividends per share over the past year.
How often does OVL pay dividends?
OVL pays quarterly, which works out to 4 payments per year of about $0.49 per share.
How much dividend income would $10,000 of OVL generate?
At the current 3.40% yield, $10,000 invested in OVL would produce roughly $340.00 per year, or about $85.00 per quarter, before taxes and assuming the dividend holds.
Is OVL a Dividend Aristocrat?
No. OVL is not currently on the Dividend Aristocrat or Dividend King list, which require 25 and 50 consecutive years of dividend increases respectively.
Related dividend stocks
Other dividend ETFs
- YMAG — YieldMax Magnificent 7 Fund of dividend (49.35%)
- USOY — Defiance Oil Enhanced Options I dividend (44.75%)
- RDTE — Roundhill Russell 2000 0DTE Cov dividend (40.52%)
- GPTY — YieldMax AI & Tech Portfolio Op dividend (36.42%)
- EGGY — NestYield Dynamic Income ETF dividend (35.48%)
- GOOY — YieldMax GOOGL Option Income St dividend (30.61%)
- QQQY — Defiance Nasdaq 100 Weekly Dist dividend (30.32%)
- IWMY — Defiance R2000 Weekly Distribut dividend (30.30%)
Similar yields to OVL
- CRGY — Crescent Energy Company dividend (3.41%)
- BA — The Boeing Company dividend (3.42%)
- SO — Southern Company dividend (3.42%)
- XLRE — State Street Real Estate Select Sector SPDR ETF dividend (3.38%)
- EVRG — Evergy, Inc. dividend (3.44%)
- USB — U.S. Bancorp dividend (3.35%)
Track OVL 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.