SPYI Ex-Dividend Date & Dividend Calculator

NEOS S&P 500 High Income ETF (SPYI) is an ETF that funds its dividend through covered-call option premium, paying a monthly distribution at a yield of not published. 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 — SPYI is an ETF generating income by selling S&P 500 options. Unlike the single-stock YieldMax names above, it sells options against an entire index's holdings rather than one stock.

Payout mechanics — Paid monthly, with a current yield of not published (as of 2026.09.09). Per-payment amounts has stayed very stable payment to payment (variability score 0.02). SPYI currently sits below the threshold used to classify a name as variable-dividend. Because the option-selling is spread across an entire index, the upside cap tends to be somewhat gentler than a single-stock structure. The per-payment amount is about $0.5420, 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. SPYI holders should watch which direction the $0.5420 per-payment figure moves over time — a trend across several payments matters more than any single number.

Risk to watch — A large or full reliance on premium income means NAV isn't insulated from index drawdowns, even when the payout itself looks stable. 2026-09-16 is a projection based on past payment gaps, not an actual company announcement. Start with the covered-call ETF risk guide, then check the 5-year simulator. When making decisions about SPYI, it's safer to treat the $0.5420 figure above as one reference among several rather than the sole basis.

Summary — NEOS S&P 500 High Income ETF pays $0.5420 per monthly period. At 12 payments a year that annualizes to roughly $6.50, a simple projection that assumes no change to the current payment. One more data point worth keeping in view: SPYI's next scheduled ex-dividend date is 2026-09-16, and payments has stayed very stable payment to payment (variability score 0.02) — the two together give a more complete read than the yield figure alone. If you're holding or considering SPYI, treat this $0.5420 per-payment figure as a reference point rather than a buy/hold signal — not a conclusion from one snapshot.

A note on the yield figure — The dividend yield reported by our data provider for this ticker diverges sharply from its actual payment amount and cadence, so we're not displaying it. Leaving it blank is better than showing a number we believe is wrong. For reference, backing it out from the per-payment amount and payment cadence implies roughly 12.1%, though that figure is also unverified and not shown above. The payment amount, cadence, and ex-dividend date in the card above remain accurate and unaffected.