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DANA ETF — Dana Limited Volatility ETF
Dana Limited Volatility ETF (DANA)
Updated October 16, 2026.
Verdict as of October 16, 2026
DANA's distribution is rated safe by the Dividend Vision Distribution Safety Score™ (91/100, high confidence). It pays monthly and its distribution rate is 3.46%. The latest total cash payment per current share, $0.072 with an ex-date of September 29, 2026, was 24.2% higher than the previous $0.058. These payments are unclassified; this does not establish a base-dividend change.
Sources: Dana Investment Advisors Inc, Section 19a-1 notices, scoring methodology.
DANA is an ETF. its distribution rate is 3.46%, its trailing-12-month yield is 2.61%, its expense ratio is 0.35%. Dividend Vision Distribution Safety Score™ is 91/100 (Safe). Total return is 1.8% over the past 0.9 years, 11.0 points behind SPY at 12.8%.
Dana Limited Volatility ETF is an actively-managed fund that seeks to preserve capital and generate current income by investing primarily in high-quality U.S. government securities and investment-grade corporate bonds rated AA-/Aa3 or higher. The fund distributes income monthly at a modest current rate, with an expense ratio of 0.35%. It appeals to income-focused investors seeking lower-risk fixed income exposure with capital preservation as a primary objective.
DANA dividend yield and income
Price as of 2026-10-16.
The distribution rate (3.46%) uses calculation basis unavailable. Trailing-12-month yield (2.61%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.07202. The ex-dividend date is 09/29/2026. The payment date is 09/30/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-29 | $0.07202 | 24.2% Unclassified cash |
| 2026-08-27 | $0.058 | -10.8% Unclassified cash |
| 2026-07-28 | $0.065 | -27.8% Unclassified cash |
| 2026-06-29 | $0.09 | 55.2% Unclassified cash |
| 2026-05-28 | $0.058 | -10.8% Unclassified cash |
| 2026-04-29 | $0.065 | 0.0% Unclassified cash |
| 2026-03-30 | $0.065 | 62.5% Unclassified cash |
| 2026-02-26 | $0.04 | -38.5% Unclassified cash |
| 2026-01-29 | $0.065 | -12.2% Unclassified cash |
| 2025-12-30 | $0.074 | — |
| 2025 total (partial launch year) | $0.074 | — |
| 2026 YTD total | $0.57802 | — |
DANA holdings and sector exposure
Holdings are not available for this snapshot.
DANA performance versus SPY
Price and return data through 2026-10-16.
Total return is 1.8% over the past 0.9 years, 11.0 points behind SPY at 12.8%. Its deepest 1-year drawdown was 1.0%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 0.3% | — |
| 3M | 0.3% | — |
| 6M | 0.9% | — |
| YTD | 1.0% | — |
| Since inception (0.9 years) | 1.8% | — |
DANA key facts
- Distribution Safety Score™
- 91 · Safe
- Safety-Adjusted Yield
- 3.15%
- Issuer
- Dana Investment Advisors Inc
- Asset type
- ETF
- Asset class
- Fixed Income
- Inception date
- 12/02/2025
- Expense ratio
- 0.35%
- Distribution rate
- 3.46%
- Distribution frequency
- Monthly
- Trailing yield
- 2.61%
- Last close
- $24.98 (as of 2026-10-16)
- AUM
- $15,605,757
- Average volume
- 11.0
- Dividend
- $0.07202
- Ex-dividend date
- 09/29/2026
- Payment date
- 09/30/2026
How Dividend Vision calculates yield and returns
Distribution rate (3.46%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.61%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. 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: Dana Investment Advisors Inc; 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.
DANA risks and drawbacks
DANA'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 1.0%.
Who may consider DANA — and who may not
DANA may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. 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.
More on DANA
Frequently asked questions
Does DANA pay monthly?
Yes. DANA currently pays monthly.
What is DANA's expense ratio?
DANA's expense ratio is 0.35%.
What is DANA's dividend yield?
DANA's distribution rate is 3.46%, paid monthly, with a 0.35% expense ratio — calculation basis unavailable.
When does DANA pay a dividend?
DANA pays monthly. The dividend amount is $0.07202. The ex-dividend date is 09/29/2026. The payment date is 09/30/2026.
How has DANA performed?
Total return is 1.8% over the past 0.9 years, 11.0 points behind SPY at 12.8%. Its deepest 1-year drawdown was 1.0%.
Is DANA a good investment?
DANA's Dividend Vision Distribution Safety Score is 91 (Safe). That is a risk signal, not investment advice. Its distribution rate is 3.46% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Dana Investment Advisors Inc.
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Holdings as-of date unavailable.
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