SmarterDividends

JEPI vs JEPQ: Which Is the Better Dividend Stock?

As of September 2026, JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) screens as the stronger dividend stock, winning 4 of 5 head-to-head metrics. JEPQ offers the higher yield at 11.32%, JEPI has the higher dividend-safety score, and JEPQ trades at the larger discount to fair value (+82%).

MetricJEPIJEPQ
Forward yield8.09%11.32%
Annual dividend$4.58$6.77
Payout ratio
Years of growth1 yr2 yr
5-yr dividend growth-3.1%
5-yr total return-5%
Dividend safety score62 (C)57 (C)
Fair value estimate$73.67$108.74
Upside to fair value+30%+82%
Frequencymonthlymonthly
Market cap
P/E ratio25.228.9

Higher yield

JEPQ

11.32%

Safer dividend

JEPI

Grade C

Faster growth

JEPI

-3.1%

Better value

JEPQ

+82% upside

JEPI vs JEPQ — FAQ

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