SmarterDividends
JEPI

JPMorgan Equity Premium Income ETF

JEPI

ETF · ETF · monthly payer

$57.56

Undervalued · +30% Add to Portfolio

Forward Yield

7.93%

Annual Dividend

$4.56

Payout Ratio

—

5-Yr Growth

-3.1%

Ex-Date

Nov 2, 2026

Frequency

Monthly

Key facts about JEPI's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 2, 2026, JPMorgan Equity Premium Income ETF (JEPI) has a forward dividend yield of 7.93%, based on an annual dividend of $4.56 per share and a share price of $57.56.
  • As of Nov 2, 2026, JEPI's dividend safety grade from SmarterDividends is C (62 out of 100), which rates the dividend as borderline.
  • JEPI last cut its regular dividend in 2024.
  • JEPI's most recent ex-dividend date was Oct 1, 2026, for a dividend of $0.34 per share.
  • JEPI's dividend has shrunk at an average rate of 3.1% a year over the past five years.
  • As of Nov 2, 2026, SmarterDividends' blended fair-value estimate for JEPI is $74.84 per share, 30% above the $57.56 share price, so JEPI screens as undervalued.
  • JPMorgan Equity Premium Income ETF (JEPI) pays its dividend monthly, 12 times a year.
Cite this page

SmarterDividends, "JEPI Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 2, 2026, https://smarterdividends.com/stocks/JEPI

Summary

As of Nov 2, 2026, JPMorgan Equity Premium Income ETF (JEPI) yields 7.93% ($4.56 a year per share) and has a dividend safety grade of C (62/100).

Is JEPI a good dividend stock?

Yes, with caveats

JPMorgan Equity Premium Income ETF (JEPI) pays a monthly dividend yielding 7.93% ($4.56/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2024
    • Dividend has been shrinking, not growing
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    7.93%
    Payout Ratio
    —
    Annual Dividend
    $4.56
    5-Yr Avg Growth
    -3.1%
    Ex-Dividend Date
    Nov 2, 2026
    Years of Growth
    1
    Frequency
    monthly
    Beta
    —
    Market Cap
    —
    P/E Ratio
    25.0
    5-Yr Total Return
    -5%
    52-Week Range
    $55.10 – $59.90
    Dividend Safety
    C · 62/100
    Ever Cut?
    Yes (2024)

    JEPI dividend distribution changes

    JPMorgan Equity Premium Income ETF (JEPI) has made 76 distributions since 2020; 38 were higher than the one before and 26 lower, as fund payouts track the income earned.

    Ex-dateChangeOld → newMove
    Oct 1, 2026Lower$0.371 → $0.341−8.1%
    Sep 1, 2026Higher$0.367 → $0.371+1.1%
    Aug 3, 2026Lower$0.387 → $0.367−5.2%
    Jun 1, 2026Lower$0.448 → $0.389−13.2%
    May 1, 2026Higher$0.421 → $0.448+6.4%
    Apr 1, 2026Higher$0.351 → $0.421+19.9%
    Mar 2, 2026Higher$0.344 → $0.351+2.0%
    Feb 2, 2026Lower$0.427 → $0.344−19.4%
    Dec 31, 2025Higher$0.371 → $0.427+15.1%
    Dec 1, 2025Higher$0.346 → $0.371+7.2%
    Nov 3, 2025Lower$0.361 → $0.346−4.2%
    Oct 1, 2025Lower$0.368 → $0.361−1.9%
    Every JEPI payment →Download every raise and cut (CSV)
    JEPI ex-dividend date & scheduleNext ex-date Nov 2, 2026 · full ex-dividend historyView →JEPI dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is JEPI a good dividend stock?

    Yes, with caveats. JPMorgan Equity Premium Income ETF (JEPI) pays a monthly dividend yielding 7.93% ($4.56/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

    Is JEPI undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, JEPI's fair value is about $74.84 versus a $57.56 share price — so it looks undervalued (+30% vs. fair value).

    Is JEPI's dividend safe?

    JEPI has a dividend-safety grade of C (62/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2024, debt and yield-versus-history.

    What is JEPI's fair value?

    Our blended fair-value estimate for JEPI is about $74.84 per share, roughly 30% above the current $57.56 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is JEPI a buy, hold, or sell?

    We don't issue formal ratings, but on the data JEPI screens as "yes, with caveats" and undervalued. JPMorgan Equity Premium Income ETF (JEPI) pays a monthly dividend yielding 7.93% ($4.56/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

    Will JEPI cut its dividend?

    JEPI earns a dividend-safety grade of C (62/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does JEPI pay a dividend?

    Yes. JPMorgan Equity Premium Income ETF pays a monthly dividend of about $4.56 per share annually, a forward yield of roughly 7.93%.

    What is JEPI's dividend yield?

    As of Nov 2, 2026, JEPI's forward dividend yield is 7.93%, based on a $4.56 annual dividend and a $57.56 share price.

    What is JEPI's dividend per share?

    As of Nov 2, 2026, JEPI pays $4.56 per share per year, distributed on a monthly basis.

    How many years has JEPI grown its dividend?

    As of Nov 2, 2026, JEPI has increased its dividend for 1 consecutive years.

    When is the next JEPI ex-dividend date?

    As of Nov 2, 2026, JEPI's next ex-dividend date hasn't been announced. The most recent was Oct 1, 2026, for $0.34 per share.

    Income Calculator

    At $4.56 / yr per share

    Per payment (monthly)$38.03
    Annual$456.30
    Monthly avg$38.03

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