SmarterDividends

JEPI vs SPYI: Which Is the Better Dividend Stock?

As of September 2026, SPYI (Neos S&P 500(R) High Income ETF) screens as the stronger dividend stock, winning 3 of 3 head-to-head metrics. SPYI offers the higher yield at 12.78%, JEPI has the higher dividend-safety score.

MetricJEPISPYI
Forward yield8.08%12.78%
Annual dividend$4.58$6.87
Payout ratio
Years of growth1 yr3 yr
5-yr dividend growth-3.1%
5-yr total return-9%
Dividend safety score62 (C)
Fair value estimate$73.67
Upside to fair value+31%
Frequencymonthlymonthly
Market cap
P/E ratio25.224.8

Higher yield

SPYI

12.78%

Safer dividend

JEPI

Grade C

Faster growth

JEPI

-3.1%

JEPI vs SPYI — FAQ

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