SmarterDividends
JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

JEPQ

ETF · ETF · monthly payer

$57.58

Undervalued · +96% Add to Portfolio

Forward Yield

11.96%

Annual Dividend

$6.89

Payout Ratio

—

5-Yr Growth

—

Ex-Date

Nov 2, 2026

Frequency

Monthly

Key facts about JEPQ's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 2, 2026, JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a forward dividend yield of 11.96%, based on an annual dividend of $6.89 per share and a share price of $57.58.
  • As of Nov 2, 2026, JEPQ's dividend safety grade from SmarterDividends is C (57 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has raised its dividend for 2 consecutive years as of Nov 2, 2026.
  • JEPQ last cut its regular dividend in 2023.
  • JEPQ's most recent ex-dividend date was Oct 1, 2026, for a dividend of $0.57 per share.
  • As of Nov 2, 2026, JEPQ's 11.96% yield is 19% above its five-year average yield of 10.06%.
  • As of Nov 2, 2026, SmarterDividends' blended fair-value estimate for JEPQ is $112.94 per share, 96% above the $57.58 share price, so JEPQ screens as undervalued.
  • JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) pays its dividend monthly, 12 times a year.
Cite this page

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

Summary

As of Nov 2, 2026, JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) yields 11.96% ($6.89 a year per share), has a dividend safety grade of C (57/100) and has 2 consecutive years of dividend increases on record.

Is JEPQ a good dividend stock?

Mixed

JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) pays a monthly dividend yielding 11.96% ($6.89/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
    11.96%
    Payout Ratio
    —
    Annual Dividend
    $6.89
    5-Yr Avg Growth
    —
    Ex-Dividend Date
    Nov 2, 2026
    Years of Growth
    2
    Frequency
    monthly
    Beta
    —
    Market Cap
    —
    P/E Ratio
    26.5
    5-Yr Total Return
    —
    52-Week Range
    $53.51 – $61.72
    Dividend Safety
    C · 57/100
    Ever Cut?
    Yes (2023)

    JEPQ dividend distribution changes

    JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has made 53 distributions since 2022; 29 were higher than the one before and 16 lower, as fund payouts track the income earned.

    Ex-dateChangeOld → newMove
    Oct 1, 2026Lower$0.683 → $0.567−17.0%
    Sep 1, 2026Lower$0.705 → $0.683−3.1%
    Aug 3, 2026Higher$0.637 → $0.705+10.7%
    Jul 1, 2026Higher$0.564 → $0.637+12.9%
    Jun 1, 2026Lower$0.591 → $0.564−4.6%
    May 1, 2026Higher$0.559 → $0.591+5.7%
    Apr 1, 2026Higher$0.509 → $0.559+9.8%
    Mar 2, 2026Higher$0.466 → $0.509+9.2%
    Feb 2, 2026Lower$0.576 → $0.466−19.1%
    Dec 31, 2025Higher$0.553 → $0.576+4.2%
    Dec 1, 2025Higher$0.476 → $0.553+16.2%
    Nov 3, 2025Higher$0.446 → $0.476+6.7%
    Every JEPQ payment →Download every raise and cut (CSV)
    JEPQ ex-dividend date & scheduleNext ex-date Nov 2, 2026 · full ex-dividend historyView →JEPQ dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is JEPQ a good dividend stock?

    Mixed. JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) pays a monthly dividend yielding 11.96% ($6.89/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.

    Is JEPQ undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, JEPQ's fair value is about $112.94 versus a $57.58 share price — so it looks undervalued (+96% vs. fair value).

    Is JEPQ's dividend safe?

    JEPQ has a dividend-safety grade of C (57/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is JEPQ's fair value?

    Our blended fair-value estimate for JEPQ is about $112.94 per share, roughly 96% above the current $57.58 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is JEPQ a buy, hold, or sell?

    We don't issue formal ratings, but on the data JEPQ screens as "mixed" and undervalued. JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) pays a monthly dividend yielding 11.96% ($6.89/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. This is research for your own analysis, not investment advice.

    Will JEPQ cut its dividend?

    JEPQ earns a dividend-safety grade of C (57/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does JEPQ pay a dividend?

    Yes. JPMorgan Nasdaq Equity Premium Income ETF pays a monthly dividend of about $6.89 per share annually, a forward yield of roughly 11.96%.

    What is JEPQ's dividend yield?

    As of Nov 2, 2026, JEPQ's forward dividend yield is 11.96%, based on a $6.89 annual dividend and a $57.58 share price.

    What is JEPQ's dividend per share?

    As of Nov 2, 2026, JEPQ pays $6.89 per share per year, distributed on a monthly basis.

    How many years has JEPQ grown its dividend?

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

    When is the next JEPQ ex-dividend date?

    As of Nov 2, 2026, JEPQ's next ex-dividend date hasn't been announced. The most recent was Oct 1, 2026, for $0.57 per share.

    Income Calculator

    At $6.89 / yr per share

    Per payment (monthly)$57.38
    Annual$688.60
    Monthly avg$57.38

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