COWS ETF — Amplify Cash Flow Dividend Leaders ETF

Amplify Cash Flow Dividend Leaders ETF (COWS)

COWS is a low-cost ETF that tracks the Kelly U.S. Cash Flow Dividend Leaders Index. As of August 19, 2026, its distribution rate is 1.58%, its trailing-12-month yield is 1.41%, its expense ratio is 0.19%. Dividend Vision Distribution Safety Score™ is 76/100 (Generally safe). Fund total return is 68.2% over the past 2.9 years, 10.2 points behind SPY at 78.4%.

At the current 1.58% distribution rate, a $10,000 investment would generate approximately $158 per year, or $13.17 per month on an equivalent basis.

Amplify Cash Flow Dividend Leaders ETF tracks the Kelly U.S. Cash Flow Dividend Leaders Index, which selects U.S. companies with strong free cash flow generation to support sustainable dividend payments. The fund distributes dividends monthly and carries a low expense ratio of 0.19%. It appeals to income-focused investors seeking exposure to large-cap dividend-paying stocks selected through a cash-flow-based methodology.

COWS performance versus SPY

Data as of August 19, 2026.

Fund total return is 68.2% over the past 2.9 years, 10.2 points behind SPY at 78.4%. Its deepest 1-year drawdown was 6.4%.

COWS key facts

Data as of August 19, 2026.

Distribution Safety Score™

76 · Generally safe

Safety-Adjusted Yield

1.20%

Issuer

Amplify ETFs

Asset type

ETF

Asset class

Equity

Inception date

09/13/2023

Expense ratio

0.19%

Distribution rate

1.58%

Distribution frequency

Monthly

Trailing yield

1.41%

30-day SEC yield

1.39%

Last close

$39.67

AUM

$42,599,974

Average volume

2436.0

Last dividend

$0.0523

Ex-dividend date

07/30/2026

Payment date

07/31/2026

Beta

0.8968

P/E ratio

17.7618

How Dividend Vision calculates yield and returns

Distribution rate (1.58%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (1.41%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. The 30-day SEC yield (1.39%) is the SEC standardized figure when we have it. An issuer may publish a different SEC or TTM yield using another as-of date or share-class convention. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Amplify ETFs fund page; Index: Kelly U.S. Cash Flow Dividend Leaders Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

COWS risks and drawbacks

COWS's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 6.4%.

Who may consider COWS — and who may not

COWS may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Amplify ETFs.