SPAQ Distribution History & Yield
Horizon Kinetics SPAC Active ETF · NasdaqGM
Upcoming distribution payments
| Ex-date | Pay date | Per share | Per 100 shares | Status |
|---|---|---|---|---|
| Mon, Dec 21, 2026 (in 57 days) | Dec 23, 2026 | $15.131 | $1,513.10 | Estimated |
Estimated dates and amounts are projected from SPAQ's recent payment pattern and will be replaced by declared figures when the fund announces them. Total over the next 12 months: about $15.131 per share.
Distribution payment history
Last 3 payments per share. RegularSpecial
Annual distributions per share
How much SPAQ do you need for monthly income?
| Target income | Shares needed | Capital at today's price | Per year |
|---|---|---|---|
| $100 / month | 80 | $7,336 | $1,200 |
| $500 / month | 397 | $36,678 | $6,000 |
| $1,000 / month | 794 | $73,355 | $12,000 |
Based on the forward yield of 16.36%. $10,000 in SPAQ would currently pay about $1,636 a year ($136 a month on average). Model reinvestment and growth →
SPAQ distribution history
| Ex-date | Pay date | Amount | Change |
|---|---|---|---|
| Dec 23, 2025 | Dec 24, 2025 | $15.131 | +413.3% |
| Dec 24, 2024 | Dec 26, 2024 | $2.948 | +16.5% |
| Dec 27, 2023 | Dec 29, 2023 | $2.53 | — |
Payout risk check
SPAQ's last 12 distributions were highly variable (consistency score 15/100).
Its share price moved -11.2% over the past year.
A 16.4% yield paired with a falling share price is the classic sign of NAV erosion: part of each distribution may be a return of your own capital rather than income the fund earned, and the share price can keep grinding lower even while the headline yield looks attractive.
This is a rule-based screen computed from public data, not a rating or a recommendation. Read our guide to yield traps for what the signals mean.
About Horizon Kinetics SPAC Active ETF
The fund is an actively-managed exchange-traded fund that pursues its investment objective primarily by investing, under normal circumstances, in special purpose acquisition companies (“SPACs”) that, the fund’s investment sub-adviser, believes will generate net realized capital gains in excess of the income derived from bank certificates of deposit with similar maturities. The fund is non-diversified.
Fund family: Horizon Kinetics. Category: Financial. First distribution on our records: Dec 27, 2023. 3 payments tracked. Data last refreshed Oct 22, 2026. Spotted a mistake? Report it and we'll fix it.
SPAQ distribution FAQ
When is SPAQ's next ex-distribution date?
SPAQ's next ex-distribution date is Dec 21, 2026 (in 57 days, estimated from its annual schedule). You must own the shares before that date to receive the payment of about $15.131 per share, expected on Dec 23, 2026.
How often does SPAQ pay distributions?
SPAQ pays distributions once a year, 1 times a year. The most recent payment was $15.131 per share with an ex-date of Dec 23, 2025.
What is SPAQ's distribution yield?
SPAQ's trailing 12-month distribution yield is 16.36%, based on $15.131 per share paid over the last year and a share price of $92.50. The forward yield, using the indicated annual rate of $15.131 per share, is 16.36%.
How much does SPAQ pay per share?
SPAQ pays about $15.131 per share each year, which works out to roughly $15.131 per share a year. 100 shares would collect about $1,513.10 a year.
Has SPAQ grown or cut its distribution?
SPAQ has raised its annual distribution for 2 consecutive years. Over the last year the regular payout changed +413.3%.
How many shares of SPAQ do I need to earn $100 a month?
At the current forward yield of 16.36%, you would need about 80 shares of SPAQ (roughly $7,336 invested at today's price) to collect $1,200 a year, or $100 a month on average, before taxes. Payments arrive once a year, so the monthly figure is an average.
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