JEPI Dividend Calculator
JPMorgan Equity Premium Income ETF — what it pays today, and what it could pay later.
Income Calculator
Price
$56.48
Yield
8.12%
Growth
1.6%
median, historical
Pays
Monthly
Income today
$8,116/year
$676 per month · based on the last 12 payments
Ordinary dividend
taxed this year at your marginal rate
$8,116
If the dividend grows at…
No single forecast. Different assumptions give very different answers — and the shape of that divergence matters more than any single year.
| Growth | Year 10 | Year 20 | Year 30 |
|---|---|---|---|
| 1.6%historical | $9,531 | $11,193 | $13,146 |
| 3.0%conservative | $10,907 | $14,658 | $19,699 |
| 5.0% | $13,220 | $21,534 | $35,076 |
| 8.0% | $17,521 | $37,827 | $81,666 |
| 10.0%commonly used | $21,050 | $54,599 | $141,615 |
The 5 complete years with data give a median year-over-year growth of 1.6%. That is where the highlighted row comes from — it is a historical measurement, not a forecast.
Fund Facts
- Issuer
- JPMorgan Asset Management
- Expense ratio
- 0.35%
- Inception
- May 2020
- Listed on
- NYSE American
- Structure
- Active — defensive equity portfolio plus an options overlay written through equity-linked notes
What JEPI is
JEPI is actively managed and works in two parts. The equity sleeve holds a portfolio of lower-volatility US large-caps, chosen for stable earnings rather than for yield. The income comes from a second layer: JPMorgan sells out-of-the-money S&P 500 call options, but does it through equity-linked notes written by counterparty banks rather than by trading options directly. That structure matters at tax time — the premium arrives as ordinary income, so almost none of a JEPI distribution is treated as return of capital. Distributions are monthly and vary with option premiums.
Who it suits. Investors who want high current monthly income and understand that the option overlay caps upside in strong markets. Because the distributions are ordinary income, it fits a tax-advantaged account better than a taxable one.
Distribution History
Total distributed per share in each complete calendar year, taken from the fund’s own payment record.
| Year | Per share | vs prior year |
|---|---|---|
| 2021 | $4.1613 | — |
| 2022 | $6.3621 | +52.9% |
| 2023 | $4.6183 | -27.4% |
| 2024 | $4.2164 | -8.7% |
| 2025 | $4.7200 | +11.9% |
Current trailing payout: $4.5834 per share over the last 12 payments, a yield of 8.12%at today’s price.