I own Meta shares directly, and I've been very bullish on them. But if you've ever looked at what Meta actually pays you to hold it, you already know the problem: the dividend is so small it doesn't change anything about your month. As you’d expect, META 0.00%↑ is a dedicated growth position for me that has performed well since the initial buy alert.
This fund is how I fix that without selling a single share, and on $5,000 its payouts over the last year add up to about $2,221 (my math), although what you should realistically expect from it depends on what Meta does next.
👉 This fund I will be highlighting today offers a massive 44% dividend yield.
👉 $10,00 invested = $4,400 in estimated annual dividend income.
👉 The caveat here is that this ETF only makes sense if you currently hold regular META shares as well.
Key takeaways
$5,000 in Meta stock pays about $13.50 a year in dividends at today’s price.
The same $5,000 in the weekly income fund I use would have collected about $2,381 over the last 12 months of payouts.
The fund’s payout doubled in the three weeks after Muse launched, because bigger stock moves mean bigger option premiums.
It captures part of Meta’s rallies and most of its drops, which is why it sits next to my Meta shares instead of replacing them.
Why Doesn’t Meta’s Dividend Pay My Bills?
Meta pays $0.525 a share every quarter, according to StockAnalysis, and at $777.59 a share that works out to a yield of about 0.27%. Put $5,000 into Meta and you own about 6.4 shares, which pays you roughly $13.50 a year, or about $1.13 a month.
That’s fine for a growth position, and I’m not asking Meta to change anything. The company expects to spend $130 billion to $145 billion this year building out AI, per its Q2 results, and I’d much rather it put its cash there than into a bigger dividend.
So I split the job in two. My Meta shares handle the growth, and I never sell calls against them because I want every dollar of upside on the run I laid out in my last piece. A separate fund handles the income, and it paid out more than 170 times as much per dollar invested as Meta’s dividend over the past year.
How Does A Stock’s Swings Become Weekly Income?
Picture someone paying you a fee every week for the right to buy your Meta shares if the price jumps past a certain level. That’s what selling a call option is, and the fee is called the premium. The more a stock swings around, the more people will pay for that right, because a big move is more likely to happen.
The fund I own does this every single week on Meta and passes the premium out to shareholders as a weekly distribution. So yes, you can get paid passive income every single week with this ETF.
It doesn’t need to own Meta shares to do it, since it holds options that track Meta’s price and keeps most of its money in short-term Treasuries as collateral.
September showed how that plays out: Meta jumped 11.43% in a single day on September 21 after Muse hit number one on the App Store, according to TipRanks, and a stock that moves like that suddenly makes its options a lot more valuable. The fund’s weekly payout DOUBLED in three weeks, from the first week of September to the last.
When Meta goes quiet and trades in a tight range, option buyers pay less, and the weekly checks shrink. You’re collecting income from Meta’s volatility, so the size of the paycheck moves with how exciting Meta is on any given week.
What Does Weekly Income Actually Do For Me?
Every one of those Friday deposits goes straight back into my growth positions, which is what I call the dividend wheel. The income fund throws off cash, the cash buys more of the companies I want to own for the next decade, and none of it requires me to trim a winner or time the market.
👉 Learn The Dividend Wheel Strategy
A quarterly dividend gives you four chances a year to put money to work, and a weekly one gives you 52, so I’m buying on the dips as they happen instead of waiting three months for the next check. It also gives me a buffer of cash coming in every Friday no matter what the market did that week, which makes it a lot easier to sit tight through a bad stretch.
If option income is new to you, I compared ten of these funds side by side in I Analyzed 10 Option Income ETFs, and it’s a good primer before you go further.
Paid subscribers get the exact fund I’ve built into a $5,000 position below, its full payout history, what that $5,000 pays me each week, and the real numbers on how it behaves when Meta rallies and when Meta drops, so you know what to expect before you own it.
Paid subscribers get the rest
The fund’s name and ticker, and how it’s built under the hood
Every weekly payout in 2026, and the planning number I actually budget off
Real results from Meta’s last rally and last drop, side by side
Why 95% of the latest payout wasn’t taxed right away, and my position
The Fund: FBY
The fund is the YieldMax META Option Income Strategy ETF FBY 0.00%↑. According to YieldMax, it launched in July 2023, sells call spreads on Meta to harvest premium from its volatility, and still keeps some participation in Meta’s share price gains. It had $123.75 million in net assets and closed at $9.87 on September 25, with a 1.06% gross expense ratio.
Its latest holdings file shows about 75% of the fund sitting in Treasury bills and notes. The Meta exposure comes from a paired call and put that together act like owning the stock, worth about 25% of assets, with a layer of short-dated Meta call options on top that generates the weekly premium.
The 44% - 52.04% distribution rate on the issuer page takes the latest weekly payment and annualizes it, while the 2.82% 30-day SEC yield only counts the interest from the Treasuries and leaves out option income entirely. The real answer on what it pays is in between and changes every week, which is why I plan off the payout history instead of either headline number.
What Has FBY Actually Paid?
FBY has made 39 weekly payments so far in 2026, and they’ve ranged from a low of $0.0466 a share in late August to a high of $0.2473 in early February, according to the issuer’s distribution table. The median payment was $0.0711, and that’s the number I use when I think about what this position will pay me over time.
At the $9.87 close, my $5,000 position works out to about 507 shares, which pays about $50 a week at the latest payout and $36 a week at the 2026 median, and would have collected about $2,381 over the last 12 months of payouts.
I budget off the median. If the latest payout is the best week I see for a while, the median still has me collecting about $1,870 a year on $5,000, and anything above that is a bonus that goes straight into the dividend wheel.
What Should You Expect When Meta Rallies Or Drops?
In a rally, expect to keep a good chunk of the upside but not all of it. Selling calls means handing some of Meta’s biggest moves to the option buyer, and the fund’s own disclosures say it captures only a portion of Meta’s gains. Keeping roughly 70% of a 44% run while getting paid every Friday is a trade I’m happy with, and it’s exactly why my core Meta shares stay uncovered.
In a drop, expect to take most of the hit. The weekly premium cushions a bad day a little, but FBY is still Meta underneath, and the issuer is clear that it’s exposed to all of Meta’s downside. Its one-year NAV total return through August 31 was -21.98% against +20.38% for the S&P 500, and since launching in July 2023 it has returned 14.04% a year on NAV against 20.15% for the index. That’s a real return with a paycheck attached, and it’s also why this is my income sleeve instead of my growth engine.
In a sideways market, expect FBY to shine. A Seeking Alpha analysis from August found the fund does best when Meta moves sideways or rises gradually, since you keep collecting premium without giving up a big rally, per Seeking Alpha. If Meta spends the next few months digesting its 40% run, this is the setup where the weekly checks do the heavy lifting.
Why 95% Of My Latest Payout Wasn’t Taxed Yet
The September 25 payment was estimated at 95.82% return of capital, according to the issuer, which means almost none of it counted as taxable income when I received it. Return of capital lowers my cost basis instead, so the tax gets deferred until I sell, and if I hold long enough it can end up taxed as a long-term capital gain instead of ordinary income.
That estimate changes week to week, and a few 2026 payments came in at 0% return of capital, so I check the final breakdown on the issuer’s ROC Center and my year-end tax forms rather than assuming. It’s also why I keep funds like this in a taxable account, since the deferral is wasted inside an IRA where nothing is taxed anyway.
FAQ
How often does FBY pay?
FBY pays every week, and most 2026 payments landed on a Friday, per the issuer’s distribution table.
How much does FBY pay on $5,000?
At the $9.87 close, $5,000 buys about 507 shares, which would have collected about $2,381 over the last 12 months of distributions and pays about $36 a week at the 2026 median payout.
Does FBY own Meta stock?
No, it uses Meta options to track Meta’s price and holds most of its assets in short-term Treasuries.
Does FBY keep up with Meta in a rally?
Only partly: from July 30 to September 24, FBY returned about 30.8% including payouts while Meta returned about 44.4%.
Sources
FBY fund details, holdings, distributions and performance: YieldMax
Meta dividend: StockAnalysis
FBY closing prices: Yahoo Finance, StockInvest
Meta’s September 21 move: TipRanks
I own shares of Meta Platforms (META) and the YieldMax META Option Income Strategy ETF (FBY). This article reflects my own opinions and is not investment advice. Figures labeled as my math are my own calculations from the cited prices and distribution data. Distributions are not guaranteed. Do your own research before buying or selling any security.
When I tried this before the NAV drop became more than the dividends for AMZN MSFT NVDA
Everyone wants paid subscribers. 🤷♂️