JPMorgan Nasdaq Equity Premium Income ETF
JEPQETF · ETF · monthly payer
Forward Yield
11.32%
Annual Dividend
$6.77
Payout Ratio
—
5-Yr Growth
—
Ex-Date
—
Frequency
Monthly
Summary
As of September 2026, JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) yields 11.32% ($6.77 per share annually), with a blended fair-value estimate of $108.74 — +82% upside, so it screens as undervalued. Dividend safety grade: C (57/100). 2 years of dividend growth.
Is JEPQ a good dividend stock?
MixedJPMorgan Nasdaq Equity Premium Income ETF (JEPQ) pays a monthly dividend yielding 11.32% ($6.77/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2023
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 11.32%
- Payout Ratio
- —
- Annual Dividend
- $6.77
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- —
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- 28.9
- 5-Yr Total Return
- —
- 52-Week Range
- $53.51 – $61.72
- Dividend Safety
- C · 57/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
JEPQ Price — Last 12 Months
Daily close
Price Return
1 Year
+4%
3 Years
+27%
5 Years
—
52-Week Range
$53.51 – $61.72
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is JEPQ worth?
Undervaluedlow confidenceOur blended fair-value estimate for JPMorgan Nasdaq Equity Premium Income ETF is $108.74 per share, versus a market price of $59.78. That implies 82% of upside — a margin of safety of about 45%.
Fair Value
$108.74
Current Price
$59.78
Upside
+82%
Margin of Safety
45%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 4.0% stage-1 growth, 2.5% terminal growth, $6.77 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
JEPQ Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 1, 2026 | — | $0.6830 | regular |
| Aug 3, 2026 | — | $0.7050 | regular |
| Jul 1, 2026 | — | $0.6370 | regular |
| Jun 1, 2026 | — | $0.5640 | regular |
| May 1, 2026 | — | $0.5910 | regular |
| Apr 1, 2026 | — | $0.5590 | regular |
| Mar 2, 2026 | — | $0.5090 | regular |
| Feb 2, 2026 | — | $0.4660 | regular |
| Dec 31, 2025 | — | $0.5760 | regular |
| Dec 1, 2025 | — | $0.5530 | regular |
| Nov 3, 2025 | — | $0.4760 | regular |
| Oct 1, 2025 | — | $0.4460 | regular |
| Sep 2, 2025 | — | $0.4420 | regular |
| Aug 1, 2025 | — | $0.4440 | regular |
Income Calculator
At $6.77 / yr per share
