JEPI dividend history and calculator: every monthly payout since 2020
JEPI has paid every month since May 2020, between 0.42% and 1.12% of its price, more when markets are volatile. The record by year, the last twelve payouts, a calculator, and what the payout means for total return.
Short answers
How much does JEPI pay a month?
The latest JEPI payout, ex-date November 2, 2026, was 0.347 a share, about 0.60% of that day's price. Over the last twelve months JEPI paid about 7.9% of its share price, and the monthly amount has ranged from 0.257 to 0.621 a share since 2020.
Why does the JEPI dividend change every month?
Most of JEPI's payout comes from the options it sells, and option premium rises when markets are volatile. That is why its highest payouts came in 2022 (0.621 a share in July 2022, 1.12% of the price) and its lowest in the calm of 2021. In 2026, 5 of the 10 payouts so far were lower than the one before.
Is JEPI a good long-term investment compared with the S&P 500?
It has been a smoother but slower one. From May 2020 to November 13, 2026, JEPI returned about 11.4% a year with payouts reinvested against SPY's 17.2%. It fell only 3.5% in 2022 when SPY fell 18.2%, and trailed SPY in every rising year. Whether that trade suits someone depends on what they need the money to do, which history cannot answer.
The calculator
Income calculator: pick a fund and an amount (or a number of shares) to see a year of payouts at the latest rate, the last twelve months of payouts, and how much it would take to reach a monthly income goal. It runs in your browser with JavaScript on. The figures, through the 2026-11-13 close, with total return measured with every payout reinvested, from each fund's first close:
| Fund | Payouts a year | Trailing 12 month yield | Total return a year | Index | Index a year | Share price since launch |
|---|---|---|---|---|---|---|
| QQQI | 12 | 14.9% | 16.2% | QQQ | 18.9% | 2.6% |
| JEPQ | 12 | 12.4% | 14.2% | QQQ | 18.0% | 10.0% |
| GPIQ | 12 | 10.9% | 22.9% | QQQ | 25.6% | 36.7% |
| QDTE | 52 | 45.9% | 17.0% | QQQ | 17.7% | -42.9% |
| QYLD | 12 | 12.1% | 8.9% | QQQ | 19.1% | -23.4% |
| SPYI | 12 | 12.0% | 14.2% | SPY | 18.0% | 6.8% |
| JEPI | 12 | 7.9% | 11.4% | SPY | 17.2% | 16.1% |
| GPIX | 12 | 8.4% | 21.5% | SPY | 23.5% | 40.0% |
| XYLD | 12 | 10.3% | 8.4% | SPY | 14.8% | -4.8% |
| DIVO | 12 | 6.4% | 12.5% | SPY | 14.7% | 89.7% |
| SCHD | 4 | 2.9% | 13.8% | SPY | 14.8% | 184.3% |
| IWMI | 12 | 14.8% | 14.7% | IWM | 15.8% | -2.3% |
| MSTY | 52 | 156.7% | 9.5% | MSTR | 17.9% | -89.6% |
| NVDY | 52 | 65.1% | 41.9% | NVDA | 64.3% | -55.5% |
| TSLY | 52 | 74.7% | 9.2% | TSLA | 21.0% | -89.4% |
| CONY | 52 | 138.2% | 1.2% | COIN | 15.8% | -93.2% |
| ULTY | 53 | 101.9% | -1.2% | QQQ | 18.2% | -89.4% |
| BTCI | 12 | 34.5% | -0.3% | IBIT | 1.1% | -44.1% |
JEPI payouts by year
Per share, and summed as a share of the price on each ex-date: 2020 (May to December, 7 payouts): 3.230 (6.1%). 2021: 4.162 (7.0%). 2022: 6.361 (11.3%). 2023: 4.617 (8.5%). 2024: 4.216 (7.3%). 2025: 4.721 (8.3%). 2026 through November 2 (10 payouts): 3.766 (6.6%).
The payout follows market volatility, not a schedule of increases: 2022, the bear market, paid the most, and 35 of 76 payouts were lower than the one before.
The last twelve payouts
Ex-date, amount per share, and that amount as a share of the day's close: December 1, 2025: 0.371 (0.65%). December 31, 2025: 0.427 (0.75%). February 2, 2026: 0.344 (0.59%). March 2: 0.351 (0.59%). April 1: 0.421 (0.75%). May 1: 0.448 (0.79%). June 1: 0.389 (0.70%). July 1: 0.387 (0.69%). August 3: 0.367 (0.64%). September 1: 0.371 (0.65%). October 1: 0.341 (0.61%). November 2: 0.347 (0.60%). JEPI goes ex-dividend on or near the first business day of the month.
What the payout means
JEPI's share price rose about 16.1% in six and a half years while SPY's rose about 156%. Almost all of what an owner earned came through the payouts. With every payout reinvested JEPI returned about 11.4% a year against SPY's 17.2% on the same days, caught about 60% of SPY's up months and 53% of its down months, and its worst drawdown was -13.7% against -24.5%.
By year: 2021 +21.5% vs +28.7%, 2022 -3.5% vs -18.2%, 2023 +9.8% vs +26.2%, 2024 +12.6% vs +24.9%, 2025 +8.1% vs +17.7%, 2026 so far +8.2% vs +11.5%. GPIX, a newer S&P 500 income fund, returned about 21.5% a year since October 2023 against JEPI's 12.6% on the same days; the GPIX review compares them, and JEPI vs JEPQ covers the Nasdaq version.
How we measured
Daily closing prices and distributions from Yahoo Finance through the November 13, 2026 close, split adjusted. Total return reinvests each distribution on its ex-date. Each fund is compared with what it is measured against on exactly the same days, from the fund's first close. No taxes or trading costs are included, and past returns do not predict future ones. This is a measurement, not advice for anyone's account.
Measured from daily closes and distributions, every payout reinvested, each fund against its index on the same days. Past returns do not predict future ones. This is education, not a recommendation to buy or sell anything.