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RiverNorth Enhanced Pre-Merger SPAC ETF · CBOE
Price: $26.06 · Annual div: $3.08/share · Frequency: annual · Payout ratio: N/A · Ex-div: 2025-12-24
SPCZ (RiverNorth Enhanced Pre-Merger SPAC ETF) has a dividend yield of 11.82%, based on an annual dividend of $3.08 per share and a price of $26.06. Over the last 12 months it paid $3.08 per share — a trailing yield of 11.82%. Dividends are paid annual.
Click to apply scenario to the calculator
Year your monthly dividend income covers each expense (based on current settings)
| Ex-Dividend Date | Payment Date | Amount / Share | TTM Yield | Stock Price |
|---|---|---|---|---|
| 2025-12-24Latest | 2025-12-26 | $3.0810 | 14.63% | $28.58 |
| 2024-12-27 | 2024-12-30 | $1.1010 | 4.12% | $26.70 |
| 2023-12-27 | 2023-12-29 | $1.2878 | 5.00% | $26.89 |
| 2022-12-29 | 2023-01-03 | $0.0557 | 0.22% | $25.40 |
Under normal market conditions, the fund seeks to invest primarily in units made up of common stock, warrants and rights of U.S.-listed special purpose acquisition companies (“SPACs”). In seeking to achieve the fund’s investment objective, the sub-adviser will monitor the fund’s portfolio and adjust positions based on changes in expectations of the investments or the availability of better alternatives. At least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in Pre-Merger SPACs. The fund is non-diversified.
Forward dividend yield from the latest data · open any DRIP calculator
This calculation uses the DividendFlow Engine v6.0. Data is verified daily against SEC filings and FMP real-time feeds to ensure projection accuracy.
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Ready to invest? Open SPCZ position with:
Real after-tax yield depends on where you live and how you hold SPCZ.
| Account/Country | Tax Rate | After-tax Yield | Real Yield | $10K Annual Income |
|---|---|---|---|---|
| 🇺🇸 Roth IRA / 401k | 0% | 11.82% | 9.02% | $1,182 / yr |
| 🇺🇸 US Taxable (15%) ✓ | 15% | 10.05% | 7.25% | $1,005 / yr |
| 🇺🇸 US Taxable (20%) | 20% | 9.46% | 6.66% | $946 / yr |
| 🇬🇧 UK ISA | 0% | 11.82% | 9.02% | $1,182 / yr |
| 🇬🇧 UK Taxable | 8.75% | 10.79% | 7.99% | $1,079 / yr |
| 🇨🇦 TFSA | 0% | 11.82% | 9.02% | $1,182 / yr |
| 🇨🇦 CA Taxable | 25% | 8.87% | 6.07% | $887 / yr |
| 🇦🇺 Super (pension) | 15% | 10.05% | 7.25% | $1,005 / yr |
| 🇦🇺 AU Taxable | 30% | 8.27% | 5.47% | $827 / yr |
| 🇩🇪 DE Taxable | 26.375% | 8.70% | 5.90% | $870 / yr |
| 🇫🇷 FR Taxable | 30% | 8.27% | 5.47% | $827 / yr |
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
12-month CPI (US BLS via FMP economic-indicators).
Based on current dividend of $3.08/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
SPCZ pays annually — 1 payment per year.
How SPCZ compares to typical Financial Services averages.
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for SPCZ sourced from FMP /financial-growth endpoint — real data, not estimates.
Compare SPCZ with peers: SPCZ vs AWEG · SPCZ vs BWEB · SPCZ vs EFRA
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the SPCZ dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →
RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) is currently trading at $26.06, trading near its 52-week low. The current dividend yield is 11.82% based on an annual payout of $3.08 per share.
RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) is a financial services stock currently trading at $26.06 with a dividend yield of 11.82%. It pays an annual dividend of $3.08 per share.
Auto-generated from live market data. For educational purposes only — not financial advice.
Illustrative examples of common use cases, written by the DividendFlow team — not customer reviews.
Yield history: over the last 3 payments, SPCZ's 12-month yield ranged from 4.12% to 14.63%. Full SPCZ dividend history ↓
With dividends reinvested, a SPCZ position grows its share count by about 11.82% in the first year at today's price and yield. If the yield stays near 11.82%, DRIP doubles your number of shares in about 7 years without adding new money.
| Year | Shares bought by dividends | Total shares | Dividend income | Position value | Yield on cost |
|---|---|---|---|---|---|
| 1 | 45.37 | 429.10 | $1,182 | $11,182 | 11.82% |
| 3 | 56.73 | 536.56 | $1,478 | $13,983 | 14.78% |
| 5 | 70.94 | 670.93 | $1,849 | $17,484 | 18.49% |
| 10 | 124.03 | 1173.08 | $3,232 | $30,570 | 32.32% |
| 20 | 379.15 | 3586.13 | $9,881 | $93,455 | 98.81% |
DRIP rate = share-count growth from reinvested dividends. Simplified yearly model before taxes and fees; adjust every assumption in the calculator above. Not financial advice. How DRIP and the DRIP rate work →
SPCZ (RiverNorth Enhanced Pre-Merger SPAC ETF) has a dividend yield of 11.82%, based on an annual dividend of $3.08 per share and a price of $26.06. Over the last 12 months it paid $3.08 per share — a trailing yield of 11.82%. Dividends are paid annual.
$10,000 in SPCZ at a 11.82% yield pays about $1,182 a year ($99 a month) before taxes. With DRIP, reinvested dividends buy more shares and that income compounds.
With dividends reinvested, a SPCZ position grows its share count by about 11.82% in the first year at today's price and yield. If the yield stays near 11.82%, DRIP doubles your number of shares in about 7 years without adding new money.
Enter your starting amount, monthly contribution and time horizon in the SPCZ DRIP calculator at the top of this page. It reinvests each payout into new shares at the projected price, grows the dividend at the rate you choose and shows yearly income, share count, portfolio value and yield on cost. You can switch DRIP off to compare.
SPCZ's next ex-dividend date has not been announced yet; the most recent one was 2025-12-24. SPCZ pays dividends annual. Buy before the ex-dividend date to receive the next payment.
SPCZ's dividend changed 179.8% over the last year. It has less than five years of dividend history in our data, so there is no five-year growth rate yet.
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