TPAY Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF — distribution yield, history & ex-dividend dates
The Roundhill S&P 500 Target 10 Managed Distribution ETF, identified by the ticker TPAY, is structured to provide its investors with consistent monthly distributions of capital. These payouts are designed to achieve an annualized rate of ten percent (10%), while simultaneously offering exposure to the broader S&P 500 market. It is important to note that TPAY operates under an active management strategy.
Distribution Snapshot
Key Metrics
Distribution Yield
9.48%
The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.Annualized Distribution
$5.0610
The most recent payment scaled to a full year by how often it's paid. A $0.25 quarterly dividend annualizes to $1.00.Frequency
M Monthly
How often the dividend is paid: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.Rank Score
41.5
Our 0-100 house score blending yield, payout safety, growth and momentum. Higher means a stronger profile on those factors in our model — a research score, not advice or a recommendation to buy.RSI (14)
44
Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.52-Week Range
$46.50 – $55.06
The lowest and highest price over the past year — shows where today's price sits in its recent range.Payout Ratio
n/a
The share of GAAP earnings paid out as dividends. Lower leaves more cushion; above 100% means paying out more than the company earns. It shows n/a for BDCs, REITs and funds, which pay out of cash flow / net investment income rather than GAAP earnings, so this ratio doesn't apply.Years Paying
2
How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.Price / Book
-
Price-to-book ratio: share price divided by book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.S.A.F.E. Dividend Read
Quote & Key Data
Distribution Growth
Why the Yield Moved (90 Days)
TPAY's distribution yield rose from 9.40% to 9.48% over the past ~90 days (+0.08 pp). Of that move, -0.01 pp came from changes in the distribution rate and +0.08 pp from the share price ($53.88 → $53.41). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Across 128 daily observations over the past 6 months, TPAY's current yield is higher than approximately 45% of them. Our stored price history for TPAY covers the past 6 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.
Adjusted Price History
Distribution History
Distribution Payment History
Ex-dividend calendar →| Amount | Type | Declared | Ex-Date | Record | Pay |
|---|---|---|---|---|---|
| $0.4218 M | Regular | - | Dec 09, 2026 | Dec 09, 2026 | Dec 10, 2026 |
| $0.4218 M | Regular | - | Nov 10, 2026 | Nov 10, 2026 | Nov 12, 2026 |
| $0.4218 M | Regular | - | Oct 14, 2026 | Oct 14, 2026 | Oct 15, 2026 |
| $0.4218 M | Regular | - | Sep 09, 2026 | Sep 09, 2026 | Sep 10, 2026 |
| $0.4220 M | Regular | - | Aug 12, 2026 | Aug 12, 2026 | Aug 13, 2026 |
| $0.4220 M | Regular | - | Jul 08, 2026 | Jul 08, 2026 | Jul 09, 2026 |
| $0.4220 M | Regular | - | Jun 10, 2026 | Jun 10, 2026 | Jun 11, 2026 |
| $0.4220 M | Regular | - | May 13, 2026 | May 13, 2026 | May 14, 2026 |
| $0.4220 M | Regular | - | Apr 08, 2026 | Apr 08, 2026 | Apr 09, 2026 |
| $0.4218 M | Regular | - | Mar 11, 2026 | Mar 11, 2026 | Mar 12, 2026 |
| $3.8545 I | Regular | - | Sep 27, 2024 | Sep 27, 2024 | Sep 30, 2024 |
Peer Comparison
Selected ETF distribution payers we cover, strongest DividendRank first — for context, not a recommendation.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| PFF | iShares Preferred and Income Securities ETF | 5.86% | 1.1% | 0 yrs | 66 |
| DVY | iShares Select Dividend ETF | 3.07% | 7.9% | 5 yrs | 66 |
| PEY | Invesco High Yield Equity Dividend Achievers ETF | 4.67% | 5.7% | 1 yr | 65 |
| VNQ | Vanguard Real Estate ETF | 3.61% | 0.8% | 1 yr | 65 |
Related Guides & Lists
TPAY dividend — frequently asked questions
Does Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF pay a dividend?
Yes. Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF (TPAY) currently pays a dividend. The annualized dividend is about $5.06 per share, a yield of approximately 9.48%.
What is Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF's dividend yield?
Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF's dividend yield is approximately 9.48%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.
How often does Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF pay dividends?
Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF pays dividends monthly — 12 times per year.
When is Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF's next ex-dividend date?
The next ex-dividend date on record for Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF is October 14, 2026. The associated payment is $0.4218 per share; you must own the shares before the ex-dividend date to receive it.
How long has Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF paid dividends?
Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF has 2 years of dividend payments on record.
Data updated Sep 13, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.