IWMI Dividend Calculator
NEOS Russell 2000 High Income ETF distributes every month. The field below opens with IWMI's own recorded trailing payout of $7.1612 per share, as of 2026-08-18.
Enter the share price you are paying to see the projection. We publish no price data, so this is the one figure the page cannot fill in for you.
Payout figures read from NEOS on Aug 18, 2026. You supply the share price. The IWMI record page holds every payment behind these figures.
What the IWMI Calculator Loads, and the Arithmetic Behind It
The 12 IWMI payments with ex-dates between August 20, 2025 and August 18, 2026 add up to $7.1612 per share once split adjustment is applied. Worked on a round position, 1,000 shares collected 1,000 × $7.1612 = $7,161.20 across that window, which is $596.77 a month if you flatten it and $596.77 per payment on the 12-payment cadence. The calculator performs the same multiplication against whatever share count your investment and share price produce.
Year one of the model is that same multiplication; each later year multiplies $7.1612 by one plus the growth rate you type. The methodology page states the rest.
What IWMI's monthly Cadence Does to the Model
IWMI distributes every month, which is 12 payments a year. The projection above steps once a year, so a twenty-year run performs 20 reinvestments where IWMI would have offered 240. Every payment between the annual steps is treated as though it arrived on the last day of the year. Observed gaps between IWMI ex-dates ran 27 to 36 days, median 28.
Reinvesting each of those 12 payments as it landed, rather than once at the end of the year, earns more than the annual step shows, because earlier shares collect later payments. Holding the share price flat so timing is the only moving part, and computed from IWMI's own payment weights, a 4% distribution rate gives 1.85% more first-year income, and a 20% distribution rate gives 9.69% more first-year income. The effect scales with the rate you are modelling, which is why it matters more for a high-distribution fund than for a slow grower, and it stays small next to the variability in the payout itself.
One term decides how far the annual step falls short, and for IWMI it is 45.8%: a measure of how evenly the window's cash is split across its payments. A single lump scores zero, four equal payments 37.5%, twelve 45.8%, and fifty-two 49.0%. IWMI sits near the even end, which is where the annual-step model understates reinvestment most.
Where IWMI's Cash Actually Landed
The 12 complete calendar months ending Jul 2026, from IWMI's recorded ex-dates, split-adjusted, as of 2026-08-18. Income is what 1,000 shares would have collected. A projection divides one annual figure by twelve; the record did this instead.
| Month | Payments | Per Share | On 1,000 Shares | Share of Window |
|---|---|---|---|---|
| Aug 2025 | 1 | $0.5617 | $561.70 | 7.8% |
| Sep 2025 | 1 | $0.5868 | $586.80 | 8.2% |
| Oct 2025 | 1 | $0.5901 | $590.10 | 8.2% |
| Nov 2025 | 1 | $0.5732 | $573.20 | 8.0% |
| Dec 2025 | 1 | $0.5991 | $599.10 | 8.4% |
| Jan 2026 | 1 | $0.6082 | $608.20 | 8.5% |
| Feb 2026 | 1 | $0.6018 | $601.80 | 8.4% |
| Mar 2026 | 1 | $0.5710 | $571.00 | 8.0% |
| Apr 2026 | 1 | $0.6120 | $612.00 | 8.5% |
| May 2026 | 1 | $0.6046 | $604.60 | 8.4% |
| Jun 2026 | 1 | $0.6277 | $627.70 | 8.8% |
| Jul 2026 | 1 | $0.6250 | $625.00 | 8.7% |
| 12 months | 12 | $7.1612 | $7,161.20 | 100.0% |
Jun 2026 was the largest month at $0.6277 per share, carrying 8.8% of the 12-month total on its own. The quietest was Aug 2025 at $0.5617, a factor of 1.1 between the two.
Shares and Capital for a Monthly Income Target from IWMI
Share counts that would have produced each monthly target at IWMI's recorded trailing payout of $7.1612 per share, as of 2026-08-18. This is division on a recorded figure, not advice, and the payout can move. We hold no price for IWMI and publish none, so there is no capital column. Multiply the share count by the price you can actually buy at.
| Monthly Target | A Year | IWMI Shares | Average per Payment |
|---|---|---|---|
| $200 | $2,400 | 336 | $200.51 |
| $750 | $9,000 | 1,257 | $750.14 |
| $2,000 | $24,000 | 3,352 | $2,000.36 |
| $5,000 | $60,000 | 8,379 | $5,000.31 |
On the record above, that same 3,352-share position aiming at $2,000 a month would have collected $2,104.05 in Jun 2026 and $1,882.82 in Aug 2025. The average is not the month. The record-side arithmetic, at different target levels, is on the IWMI record page.
The Growth Input for IWMI
IWMI has a realised rate you can use instead of a guess: 1.1% a year, measured as trailing twelve months against the twelve months before it, split-adjusted. A realised rate is still an assumption about the future once you type it into a projection, but it is an assumption with a measurement behind it, which an invented 8% is not.
Per share, with no price assumption anywhere in it, this is what that rate does to IWMI's payout against holding it flat. The cumulative column sums the payout from year one through the year shown.
| Year | Flat at $7.1612 | At 1.1% | Cumulative at 1.1% |
|---|---|---|---|
| Year 1 | $7.1612 | $7.1612 | $7.16 |
| Year 5 | $7.1612 | $7.4912 | $36.63 |
| Year 10 | $7.1612 | $7.9251 | $75.37 |
| Year 20 | $7.1612 | $8.8699 | $159.73 |
By year twenty the difference between 1.1% and zero is $1.7087 per share, which is 24% of the flat figure. That is the sensitivity of an entire projection to one field. Run it at the realised rate, run it again at zero, and treat the gap between the two answers as the honest result.
What Makes IWMI Hard to Model
Each item is triggered by something computed from IWMI's own record and carries the figure that triggered it.
IWMI's payout is generated, not declared, so a growth rate is the wrong control. NEOS Russell 2000 High Income ETF pays out of an index position combined with an options overlay run for distributable cash. An operating company sets a dividend as policy and moves it in small deliberate steps, which is exactly the behaviour a constant annual growth rate describes. How much cash that produces depends on option pricing in the period rather than on earnings growth at the companies held. Our record bears that out: across trailing twelve months IWMI's payments ran from $0.5617 to $0.6277, a spread of 12%. The growth field on this calculator was built for the first kind of payer. On this one it compounds a number nobody is steering.
Starting a IWMI Projection Today
A projection books a full year of income in year one. Today is August 21, 2026, 233 days into 2026. IWMI has already gone ex-dividend 7 times in 2026, for $4.2503 per share, and buying now collects none of it. On the observed cadence, about 5 more payments would fall before 31 December, which is 42% of a normal year for IWMI. That is a read of the record rather than a schedule IWMI has published.
Nothing further is declared for IWMI on our record, so every payment inside the projection is a modelled one. Based on the 28-day gap the record shows, the next ex-date would ordinarily land between Aug 11, 2026 and Aug 27, 2026, which is a pattern rather than an announcement. Read year one as twelve months from your purchase date, not the rest of this calendar year.
Frequently Asked Questions
What annual dividend figure should I use for IWMI?
$7.1612 per share, the sum of the 12 split-adjusted IWMI payments with ex-dates between August 20, 2025 and August 18, 2026, read from NEOS: IWMI fund page (distribution history) on 2026-08-18. It is already in the field. It records what was paid; it is not a rate the payer has committed to.
What growth rate should I put in the IWMI calculator?
The rate IWMI's own record realised is 1.1% a year, measured as trailing twelve months against the twelve months before it, split-adjusted. Using a realised rate beats inventing one, though it is still an assumption about the future rather than a property of it. Run the projection at that rate and again at zero, and read the gap as the answer.
How many IWMI shares would pay $5,000 a month?
About 8,379 shares at the trailing payout of $7.1612 per share, which is $60,000 a year. Spread over 12 payments a year that averages $5,000.31 a payment, and the payments are not equal. What that costs depends on the price you pay, which we do not publish.
Are taxes included in the IWMI projection?
No. Every figure the calculator produces is pre-tax and ignores trading costs. Fund distributions can carry components taxed differently from qualified dividends, and the split arrives with the year-end tax documents rather than with each payment.
Why does the IWMI calculator ask me for the share price?
Because we publish no prices. Every figure here carries the date its source was read, and a live quote cannot. NEOS Investments publishes no distribution rate for IWMI that we could turn into an implied price by arithmetic, so the price field starts empty.
Every payment, split adjustment, and calendar-year total behind these figures is on the IWMI dividend history page. Other payers whose distributions come out of an options programme are listed on the coverage table. The general-purpose tools sit on the calculator hub, and the model is written out on the methodology page.