COWS ETF — Amplify Cash Flow Dividend Leaders ETF

Amplify Cash Flow Dividend Leaders ETF (COWS)

Updated October 2, 2026.

COWS is a low-cost ETF that tracks the Kelly U.S. Cash Flow Dividend Leaders Index. its distribution rate is 1.38%, its trailing-12-month yield is 1.39%, its expense ratio is 0.19%. Dividend Vision Distribution Safety Score™ is 71/100 (Generally safe). Total return is 56.1% over the past 3.1 years, 23.3 points behind SPY at 79.4%.

At the current 1.38% distribution rate, a $10,000 investment would generate approximately $138 per year, or $11.50 per month.

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

Price and return data through 2026-10-02.

Total return is 56.1% over the past 3.1 years, 23.3 points behind SPY at 79.4%. Over the past year its total return — price change plus distributions reinvested — is 15.6%. Its deepest 1-year drawdown was 10.4%.

COWS key facts

Distribution Safety Score™

71 · Generally safe

Safety-Adjusted Yield

0.98%

Issuer

Amplify ETFs

Asset type

ETF

Asset class

Equity

Inception date

09/13/2023

Expense ratio

0.19%

Distribution rate

1.38%

Distribution frequency

Monthly

Trailing yield

1.39%

Last close

$36.73 (as of 2026-10-02)

AUM

$40,020,731

Average volume

6100.0

Last dividend

$0.0422

Last ex-dividend date

09/29/2026

Last payment date

09/30/2026

Beta

0.8968

P/E ratio

16.3485

How Dividend Vision calculates yield and returns

Distribution rate (1.38%) 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 (1.39%) 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. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Amplify ETFs or company 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 10.4%.

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 securities from Amplify ETFs.