LemonTrades
TL;DR
- JEPQ pays every month. The last 12 payments came to about $6.95 a share, a yield near 13% at a price around $54.
- The latest was $0.53922 a share, paid November 4, 2026. Payouts vary each month with the options income it collects.
- It owns Nasdaq 100 stocks and sells options on them for income, so it gives up some of the upside when tech rallies.
- LemonTrades tells you what moved the Nasdaq and your funds, and why, as it happens.
JEPQ is one of the biggest income ETFs, with about $42 billion in assets. Here’s what it pays.
JEPQ’s recent payouts
| Paid | Per share |
|---|---|
| Nov 4, 2026 | $0.53922 |
| Oct 5, 2026 | $0.56687 |
| Sep 3, 2026 | $0.68255 |
| Aug 5, 2026 | $0.70497 |
| Jul 6, 2026 | $0.63658 |
| Jun 3, 2026 | $0.56444 |
| May 5, 2026 | $0.59095 |
| Apr 6, 2026 | $0.5586 |
| Mar 4, 2026 | $0.509 |
| Feb 4, 2026 | $0.46572 |
| Jan 5, 2026 | $0.5761 |
| Dec 3, 2025 | $0.55323 |
Payouts rise when Nasdaq volatility is high, because options sell for more, and fall when markets are calm.
How it makes its payouts
JEPQ holds mostly Nasdaq 100 stocks and uses equity-linked notes to sell call options on the index. Buyers of those options pay JEPQ a premium, which becomes most of the monthly payout, along with the stocks’ dividends. Selling calls means that when the Nasdaq jumps, JEPQ keeps only part of the gain.
What to watch
- Less upside: in strong rallies, JEPQ trails the Nasdaq 100.
- Still falls with tech: it owns the same stocks, so sell-offs like November 5 hit it too.
- Taxes: most payouts are taxed as ordinary income, so it suits IRAs better than taxable accounts.
- Variable income: the monthly amount isn’t fixed.
Its sister fund, JEPI, does the same with S&P 500-type stocks. Rivals: QQQI and SPYI. For steadier payers, see the SCHD dividend calculator.
Sources
Education, not financial advice. Past payouts don’t predict future ones. See our disclaimer.
