At USD 48 per share and KRW 1,400 per dollar, the August 2026 distribution works out to about KRW 345,000 a month after assumed 15% withholding. For 1,488 whole shares, the amount is KRW 344,724. This deducts assumed U.S. withholding only; it is not a final Korean tax calculation.
This edition uses the same KRW investment and eligible Korean-resident individual as the Korean edition. Payments may arrive in dollars, with won amounts translated at the assumed rate. DIVO provides monthly cash to spend or reinvest; its payment history shows how that cash varied.
- Frequency and strategy
- Monthly distributions · dividend stocks and calls on individual holdings
- Total expense ratio
- 0.56%
- Issuer distribution rate
- 4.84% · as of
The issuer's distribution rate annualizes a current payment against NAV. It is different from the trailing 12-month cash sum below, a dividend yield or a guaranteed return. Amplify DIVO fund data. Payments may include option income and return of capital (ROC), so this article calls them distributions.
| Investment | Whole shares | Monthly KRW after assumed withholding |
|---|---|---|
| KRW 10,000,000 | 148 | KRW 34,287 |
| KRW 50,000,000 | 744 | KRW 172,362 |
| KRW 100,000,000 | 1,488 | KRW 344,724 |
Whole shares are recalculated for each budget. Trading and FX costs and additional Korean taxes are excluded.
Monthly cash from KRW 100 million
This example holds 1,488 whole shares. Using the August 2026 payment gives a gross monthly won equivalent of KRW 405,557, or KRW 344,724 after assumed 15% U.S. withholding. The purchase price is assumed at USD 48 and the exchange rate at KRW 1,400 per dollar; trading and FX costs and additional Korean taxes are excluded.
About KRW 4.14 million if the payment stays the same
Holding the share count, distribution and exchange rate constant for 12 months gives gross annual cash of KRW 4,866,689 and KRW 4,136,685 after assumed withholding. That is approximately 4.14% of the original KRW 100 million budget.
The figure above is a simple annualization of the August 2026 payment. The 12 actual payments from September 2025 through August 2026 instead total USD 3.00501 per share. Applying the same 1,488 shares, KRW 1,400 exchange rate and blanket 15% deduction gives KRW 5,321,031 for that historical 12-payment period.
The trailing sum includes a large USD 0.95339 payment in December 2025. It applies constant holdings, FX and withholding assumptions to the historical per-share payments. Both annual figures measure distribution cash, excluding price changes.
Will the same amount arrive every month?
Applying each historical payment to the same 1,488 shares shows how monthly cash varied. The chart and table hold shares and exchange rates constant to isolate changes in the distribution.
- Jan 323,404
- Feb 329,921
- Mar 316,463
- Apr 320,854
- May 326,167
- Jun 323,758
- Jul 333,250
- Aug 344,724
1,488 shares · KRW 1,400/USD · assumed 15% U.S. withholding. Bars start at zero and highlight August.
| Payment date | Per share (USD) | After deduction (KRW) |
|---|---|---|
| 2026-01-30 | 0.18264 | 323,404 |
| 2026-02-27 | 0.18632 | 329,921 |
| 2026-03-31 | 0.17872 | 316,463 |
| 2026-04-30 | 0.18120 | 320,854 |
| 2026-05-29 | 0.18420 | 326,167 |
| 2026-06-30 | 0.18284 | 323,758 |
| 2026-07-31 | 0.18820 | 333,250 |
| 2026-08-31 | 0.19468 | 344,724 |
January–August 2026 source: Amplify DIVO distribution history. The additional 2025 payments in the trailing sum come from Amplify's September, October, November and December announcements.
The purchase price and purchase exchange rate determine how many shares the budget buys. After purchase, a different receipt or conversion exchange rate changes the won value even when the share count is unchanged. Recalculating purchases from a fixed won budget is a different scenario from converting income on shares already held.
Where DIVO distributions come from
DIVO combines U.S. dividend stocks with tactical calls on individual holdings. Option premiums support cash flow, but calls can limit upside while stock downside remains. Distributions do not prevent an overall loss. Strategy and risks
The fund’s February 2026 Section 19a-1 notice estimated return of capital (ROC) at 60% of that month’s payment; the March notice estimated 44%. These are separate monthly estimates, not percentages to apply to August or the full year.
Cash that includes ROC should not all be interpreted as dividends earned by portfolio businesses. Section 19a-1 estimates are not final tax-reporting classifications. This example does not subtract estimated ROC to calculate a supposedly tax-free portion.
The 15% deduction assumes U.S. withholding for an eligible Korean-resident individual. Check your broker’s final records for additional Korean tax and distribution reclassification. Further tax details are included in the calculation basis below.
Make income part of your investment plan
I believe we should invest to let our money work alongside us. I would study DIVO as a way to generate monthly cash from assets. If the cash is not needed for spending yet, reinvesting it is another way to build the holding.
Use the backtest below to examine growth with reinvested distributions and the declines along the way. Then consider the amount you would invest and whether to spend or reinvest the income.
Three things to check before investing
- Check the latest confirmed per-share payment in Amplify's DIVO distribution history. The USD 0.19468 used here was paid in August 2026.
- Check your actual purchase price and exchange rates at purchase and conversion. USD 48 and KRW 1,400 are assumptions for this example.
- Check your broker's withholding and distribution reclassification records. A flat 15% deduction may differ from your final tax position.
What if DIVO distributions were reinvested?
Change the dates and dividend setting to examine how DIVO grew with reinvestment and the declines a holder experienced.
Open DIVO backtestThis article combines the author’s opinion with dated calculation examples. Payments and asset prices vary; tax treatment depends on individual circumstances. Disclaimer
Detailed calculations, tax assumptions and sources
How many DIVO shares can KRW 100 million buy?
- Investment
- KRW 100,000,000 · Korean-resident individual
- Assumed purchase price
- USD 48 per share · not an actual execution price
- Assumed exchange rate
- KRW 1,400 per USD at purchase and receipt · not a current quote
- Distribution used
- 2026-08-31 payment · USD 0.19468 per share
- Withholding assumption
- 15% · treaty eligibility and W-8BEN requirements met
- Excluded
- Fractional shares, trading and FX costs, reinvestment and additional Korean taxes
Each share costs 48 × 1,400 = KRW 67,200. Dividing the budget gives roughly 1,488.095 shares, rounded down to 1,488 whole shares. That uses KRW 99,993,600, leaving KRW 6,400 uninvested. No distributions are attributed to that cash.
Price check: Amplify’s official DIVO page reported a market close of USD 47.29 as of 2026-09-25. USD 48 remains a separate purchase assumption. August was the latest payment with an amount verified at review; an unconfirmed September amount is excluded.
From gross distribution to cash after withholding
| Step | Calculation | Result |
|---|---|---|
| Gross dollars | 1,488 × 0.19468 | USD 289.68384 |
| Gross won equivalent | Gross dollars × 1,400 | KRW 405,557 |
| Assumed U.S. withholding | Gross amount × 15% | KRW 60,834 |
| Dollars after withholding | Gross dollars × 85% | USD 246.23126 |
| Won after withholding | Gross won × 85% | KRW 344,724 |
The illustration buys whole shares. Broker tax handling and actual FX conversion can change credited amounts. Display rounding rules appear in the detailed basis below.
Does deducting 15% settle the tax bill?
The assumption uses the general dividend limit in Article 12 of the U.S.–Korea income tax treaty and the IRS W-8BEN instructions. It applies to an eligible Korean-resident individual, not every investor reading this English page.
Samsung Securities’ reclassification notice describes cases where U.S. withholding is refunded and Korean tax is collected later. U.S. ROC classification alone does not establish a Korean tax exemption. Check the broker’s final transaction and tax records.
Annual taxable interest and dividends above KRW 20 million before withholding generally call for a Korean comprehensive financial-income tax review. The comparison uses gross taxable income, not the cash figure after withholding shown here. Foreign income not withheld domestically may have separate filing requirements. See the National Tax Service explanation.