JEPI Dividend Calculator
Project dividend-reinvestment (DRIP) growth, income, and yield on cost for JPMorgan Equity Premium Income ETF (JEPI). Pre-filled with JEPI’s current yield of about 8.01% (as of Oct 13, 2026) — edit the growth and tax assumptions to fit your plan.
JEPI dividend: yield, amount & dates
Snapshot of JPMorgan Equity Premium Income ETF (JEPI) dividend data as of Oct 13, 2026. Figures change — verify the current numbers with your broker before investing.
JEPI dividend income calculator
Pre-filled with JEPI’s current yield of about 8.01%. See the income an amount of JPMorgan Equity Premium Income ETF would pay, or how much you’d need for a target monthly income.
JEPI dividend history by year
Per share, grouped by ex-dividend date (a payment that goes ex on December 30 or 31 is counted in that year). JEPI launched in May 2020, so 2020 is a part year. For 2026, only the months already paid are counted.
| Year | Dividends per share | Change | Payments |
|---|---|---|---|
| 2026through Oct 1, 2026 | $3.4196 | — | 9 |
| 2025 | $4.7198 | +11.9% | 12 |
| 2024 | $4.2166 | -8.7% | 12 |
| 2023 | $4.6183 | -27.4% | 12 |
| 2022 | $6.3622 | +52.9% | 12 |
| 2021 | $4.1614 | — | 12 |
| 2020from launch | $3.2298 | — | 7 |
JEPI’s payout has not grown in a straight line
JEPI’s yearly payout has gone up and down. Its biggest year so far was 2022, at $6.3622 per share. It then fell 27.4% in 2023 and another 8.7% in 2024, to $4.2166, before rising 11.9% in 2025 to $4.7198.
In 2026, the first eight payments add up to $3.0783. That is 4.2% less than the same eight payments in 2025 ($3.2147).
Single months move around too. In 2025 the monthly payment ranged from $0.3259 to $0.5400 per share.
Why JEPI’s monthly dividend changes
JEPI owns a defensive portfolio of U.S. large-company stocks and also holds equity-linked notes (ELNs) that sell call options on the S&P 500. J.P. Morgan says the fund seeks to deliver monthly income and stock market exposure with less volatility. Most of each payment comes from the option income, not from the stocks’ own dividends.
Option prices tend to rise when the market swings more, so JEPI’s income has been higher in rough years. 2022, a year when stocks fell, was its biggest payout year. Calmer markets usually mean smaller option income, which is why the payment is not the same each month and should not be treated as a fixed amount.
JEPI dividend dates
JEPI pays every month. Its ex-dividend date falls on the first business day of the month, usually the 1st, 2nd or 3rd. The payment for January goes ex in the last days of December instead (between December 28 and 31 in each year since 2021). Cash lands a few days later — anywhere from 2 to 6 days after the ex-date.
Because there is a new ex-date every month, missing one only costs that month. Anyone who owns JEPI at the close before an ex-date is paid for that month.
Three JEPI yields, three methods
As of Oct 13, 2026, JEPI yielded about 8.01%, based on the last 12 payments ($4.56 per share) and the share price at that time.
J.P. Morgan listed a 12-month rolling dividend yield of 8.04% as of September 24, 2026, and a 30-day SEC yield of 7.44% as of August 31, 2026. The rolling yield adds up the last 12 payments against the fund’s value on each ex-dividend date. The SEC yield is based on recent income after expenses. Because each uses a different method and date, the numbers do not match exactly.
How much JEPI do you need for $1,000 a month?
Using the 8.01% trailing yield, an average of $1,000 a month means holding about $149,813 of JEPI — roughly 2,632 shares at about $56.93.
Because JEPI pays monthly, the income arrives every month, but the amount changes. In 2025 the lowest month paid about 40% less than the highest. Plan around a range, not a fixed $1,000. The JEPI income calculator above shows the income for any amount.
JEPI at a glance
The JPMorgan Equity Premium Income ETF opened on May 20, 2020 and is listed on NYSE Arca. J.P. Morgan counted 135 holdings on September 24, 2026 and compares the fund with the S&P 500 Total Return Index. The fee is 0.35% a year: $35 on every $10,000.
All 75 monthly payments matched between dividendhistory.org and stockanalysis.com (61 overlap) or digrin.com (2020–21); fund facts and yields come from J.P. Morgan’s fund page. Last checked Sep 25, 2026. Sources: stockanalysis.com — JEPI dividend history; dividendhistory.org — JEPI payouts; digrin.com — JEPI dividends; J.P. Morgan Asset Management — JEPI fund page. Not financial advice.
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JEPI dividend snapshot
Variable distributionAs of Oct 13, 2026, JEPI yields about 8.01%, having distributed $4.56 per share over the trailing twelve months.
Its most recent payment was $0.3413 per share, which went ex-dividend on Oct 1, 2026 and paid on Oct 5, 2026.
Because JEPI pays a variable monthly distribution, the amount changes every period — its recent payments have ranged from $0.3413 to $0.4476 per share. Treat the headline yield as a record of what was paid, not a promise of future income.
As a covered-call income ETF, JEPI pairs an above-average yield with limited share-price upside, because option premium is exchanged for capped growth — so set the price-growth input in the calculator above conservatively rather than assuming the yield compounds untouched.
Based on JEPI’s published payment record as of Oct 13, 2026 — a description of what the dividend has done, not a rating or a forecast.
About JEPI
JEPI holds a defensive basket of U.S. stocks and sells equity-linked notes to generate options premium, paying a high monthly distribution. Its yield is well above the broad market, but much of the return comes from income rather than price appreciation.
JEPI is a covered-call income etf from JPMorgan that distributes monthly. Because dividend investing is about both income and the growth of that income, the calculator above lets you model three things independently for JEPI: the starting yield, how fast the dividend grows each year, and how fast the share price appreciates. That separation matters most for covered-call funds, where a high headline yield often pairs with little or no price growth — so the "stock price growth" input should usually be modest.
How to use the JEPI calculator
- Replace the pre-filled yield with JEPI’s current dividend yield from your broker or the fund’s page.
- Set your initial investment and monthly contribution.
- Estimate the dividend growth rate and price growth rate. For a covered-call income etf these can differ a lot — be realistic rather than optimistic.
- Choose your dividend tax rate and whether to reinvest (DRIP), then read the projected value, dividends received, and yield on cost.
The full math, including how the money-weighted return is computed, is on the methodology page.
JEPI dividend FAQ
- Does JEPI pay dividends monthly?
- Yes. JEPI pays every month. The ex-dividend date is usually the first business day of the month, and the cash arrives a few days later. The amount changes from month to month.
- How much dividend does JEPI pay per share?
- It changes every month. The latest was $0.3413 a share, ex-dividend Oct 1, 2026; the past 12 months totalled $4.56, and calendar 2025 totalled $4.7198.
- When is JEPI’s next dividend?
- Not announced yet (the last one was Oct 1, 2026). JEPI usually goes ex on the first business day of the month, except for the January payment, which goes ex in the last days of December.
- Why did JEPI’s dividend go down?
- JEPI’s payments depend mostly on the income from the call options it sells, and that income tends to fall when markets are calmer. Its yearly payout peaked at $6.3622 in 2022, dropped to $4.2166 in 2024, and rose again to $4.7198 in 2025.
- Are JEPI dividends qualified?
- Only part of them may be. Much of JEPI’s payout comes from option income earned through equity-linked notes, which is generally taxed as ordinary income rather than as qualified dividends. The split for each year is shown on your Form 1099-DIV. In an IRA or 401(k) this does not matter until you withdraw.
- Is JEPI or JEPQ better?
- They use the same approach on different markets. JEPI sells options on the S&P 500 and holds a defensive stock portfolio. JEPQ does the same with the Nasdaq-100, which is more tech-heavy and has paid a higher yield. See the JEPI vs JEPQ comparison for both funds side by side.
- How does this JEPI dividend calculator work?
- It runs a month-by-month projection: each month it adds your contribution, pays a dividend based on the yield, optionally reinvests it (DRIP), then applies price growth. The page loads pre-filled with JEPI's current yield (about 8.01% as of Oct 13, 2026); adjust the dividend-growth, price-growth, and tax assumptions to fit your own outlook.
- What yield should I use for JEPI?
- As of Oct 13, 2026, JEPI's dividend yield was about 8.01% ($4.56 per share over the trailing year). Yields move with the share price, so use the current figure from your broker rather than a fixed number. For a covered-call fund the headline yield is high but usually comes with little or no price growth, so set the price-growth input realistically.
- How often does JEPI pay dividends, and when?
- JPMorgan Equity Premium Income ETF pays a monthly (varies) dividend; its most recent payment was $0.3413 per share, ex-dividend Oct 1, 2026. This calculator compounds monthly and projects annual totals, so it works the same regardless of the payment schedule — the cadence just affects when cash actually lands in your account.
- Is the JEPI projection a guarantee?
- No. It is an educational projection based on the assumptions you enter, held constant. Real dividends can rise, be cut, or stop, and prices fluctuate. Use it to compare scenarios, not to predict returns, and never rely on a single calculator for an investment decision.
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