JEPQ Ex-Dividend Date & Dividend Calculator

JPMorgan Nasdaq Equity Premium (JEPQ) is an ETF that funds its dividend through covered-call option premium, paying a monthly distribution at a yield of 10.8%. 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 — JEPQ is an active income ETF that sells call options against its Nasdaq-100 holdings. Unlike the single-stock YieldMax names above, it sells options against an entire index's holdings rather than one stock.

Payout mechanics — JEPQ pays monthly at a current yield of 10.8% (as of 2026.09.06); payments has stayed fairly steady payment to payment (variability score 0.14). JEPQ's recent payments haven't varied enough to trigger the variable-dividend classification. Index-level option selling generally caps the upside less abruptly than a single-stock version would. The per-payment amount is about $0.6830, 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. When evaluating JEPQ, cross-check the $0.6830 per-payment figure against the other numbers in the card above — no single metric should carry the whole judgment.

Risk to watch — Treat the headline yield as compensation for giving up upside, not as a free bonus — JEPQ's structure trades one for the other by design. We don't have an official ex-dividend announcement for the next payment, so 2026-10-01 is our best estimate based on the historical payment cadence. Worth reading first: the covered-call ETF risk guide, and worth checking after: the 5-year simulator. JEPQ holders should watch which direction the $0.6830 per-payment figure moves over time — a trend across several payments matters more than any single number.

Summary — Annualizing JPMorgan Nasdaq Equity Premium 's ($0.6830) per-payment amount at 12 payments a year comes to roughly $8.20. The actual amount can change every period, so this figure isn't guaranteed. It's easy to anchor on the headline yield alone, but for JEPQ the fact that payments has stayed fairly steady payment to payment (variability score 0.14) is the more useful signal for what to expect period to period. If you're holding or considering JEPQ, treat this $0.6830 per-payment figure as a reference point rather than a buy/hold signal — not a conclusion from one snapshot.