LemonTrades
TL;DR
- JEPI pays every month. The last 12 payments came to about $4.56 a share, a yield near 8% at a price around $56.
- The latest was $0.34683 a share, paid November 4, 2026.
- It holds lower-volatility US stocks and sells options for income, so it tends to fall less than the S&P 500, and rise less too.
- LemonTrades tells you what moved the market and your funds, and why, as it happens.
JEPI is one of the largest actively managed ETFs, with about $46 billion. Here’s what it pays.
JEPI’s recent payouts
| Paid | Per share |
|---|---|
| Nov 4, 2026 | $0.34683 |
| Oct 5, 2026 | $0.34134 |
| Sep 3, 2026 | $0.37142 |
| Aug 5, 2026 | $0.36664 |
| Jul 6, 2026 | $0.38716 |
| Jun 3, 2026 | $0.38921 |
| May 5, 2026 | $0.44761 |
| Apr 6, 2026 | $0.4205 |
| Mar 4, 2026 | $0.35134 |
| Feb 4, 2026 | $0.34443 |
| Jan 5, 2026 | $0.42709 |
| Dec 3, 2025 | $0.3706 |
Payouts are higher when the market is volatile and option prices rise.
How it makes its payouts
JEPI owns a portfolio of large US stocks chosen for lower volatility, and sells S&P 500 call options through equity-linked notes. The option premiums, plus the stocks’ dividends, fund the monthly payout.
What to watch
- Capped gains: in strong bull markets, JEPI lags the S&P 500 by a wide margin.
- Not bond-like: it’s a stock fund and can fall sharply in a crash.
- Taxes: much of the payout is taxed as ordinary income.
- Changing income: monthly payouts go up and down.
For Nasdaq stocks, see JEPQ. Compare SPYI, or a growing dividend fund like SCHD. For safe cash, SGOV pays about 4%.
Sources
Education, not financial advice. Past payouts don’t predict future ones. See our disclaimer.
