TappAlpha SPY ETF Declares Monthly Dividend of $0.30 for Investors

The TappAlpha SPY Growth & Daily Income ETF, traded on NASDAQ under the ticker symbol TSPY, has declared a monthly dividend of $0.30 per share. This announcement was made on February 2, 2025, with the dividend payable to investors of record on February 3, 2025. The payment will be processed on February 4, 2025, reflecting a robust annualized yield of 14.3%.

Investors should note that the ex-dividend date is set for February 3, 2025, which is crucial for those looking to benefit from this distribution. The monthly dividend payout underscores the ETF’s strategy to provide consistent income to its shareholders.

Market Performance and Trading Activity

On the day following the announcement, shares of TappAlpha SPY Growth & Daily Income ETF experienced a decline of 2.2%, trading at $25.22 during mid-day sessions. A total of 522,466 shares changed hands, surpassing its average trading volume of 342,885 shares.

The ETF’s performance metrics reveal a 50-day simple moving average of $25.54 and a 200-day simple moving average of $25.26. Over the past year, the stock has seen a low of $20.02 and a peak of $26.67, indicating a notable range that investors may consider when evaluating its potential.

The TappAlpha SPY Growth & Daily Income ETF aims to combine growth and income, appealing to investors looking for both capital appreciation and regular income streams. As the market evolves, the performance of this ETF will be closely monitored by investors, particularly in light of its recent dividend announcement and market fluctuations.

In a landscape where dividends can significantly impact investment strategies, the TappAlpha SPY ETF’s decision to maintain a monthly payout demonstrates its commitment to delivering value to shareholders. Investors are encouraged to stay informed on future announcements and market trends to optimize their investment decisions.