JEPI Ex-Dividend Date & Dividend Calculator

JPMorgan Equity Premium Income (JEPI) is an ETF that funds its dividend through covered-call option premium, paying a monthly distribution at a yield of 8.0%. In exchange for a high payout, upside is capped and there's a risk of NAV erosion. Evaluate it on long-run total return (dividend + price), not short-term income alone.

The distribution amount is a variable-dividend structure that changes month to month with option-market volatility, so past yield does not guarantee future payments. Before investing, read the covered-call ETF risk guide and the complete dividend-types guide.

Product structure — JEPI is an active income ETF that sells call options against its S&P 500 holdings — an index-wide options overlay rather than a single-stock bet.

Payout mechanics — The listed yield is 8.0% (as of 2026.09.06), paid monthly, with per-payment amounts that has stayed fairly steady payment to payment (variability score 0.09). JEPI falls under the variable-dividend cutoff, making it relatively more predictable. Selling options at the index level tends to leave a somewhat softer upside cap than single-name funds. The per-payment amount is about $0.3710, paid roughly 12 times a year. This figure is recalculated every period, so it isn't guaranteed to hold going forward — it's a reference point based on past payment history. If you're holding or considering JEPI, treat this $0.3710 per-payment figure as a reference point rather than a buy/hold signal — not a conclusion from one snapshot.

Risk to watch — Since the payout leans heavily on premium income, an index correction can erode NAV independent of how large the distribution looks. 2026-10-01 is a projection based on past payment gaps, not an actual company announcement. See the monthly-dividend ETF roundup and covered-call ETF risk guide, then check the 5-year simulator. If you're holding or considering JEPI, treat this $0.3710 per-payment figure as a reference point rather than a buy/hold signal — not a conclusion from one snapshot.

Summary — JPMorgan Equity Premium Income pays $0.3710 per monthly period. At 12 payments a year that annualizes to roughly $4.45, a simple projection that assumes no change to the current payment. Taken together with the card above, the fact that JEPI's payments has stayed fairly steady payment to payment (variability score 0.09) rounds out the picture. As always, treat every figure here as a point-in-time snapshot. When evaluating JEPI, cross-check the $0.3710 per-payment figure against the other numbers in the card above — no single metric should carry the whole judgment.