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Covered CallJ.P. Morgan

JEPQ Dividend Calculator: Project JPMorgan Nasdaq Equity Premium Income ETF Income

JEPQ applies the same equity-premium income playbook as JEPI, but to the Nasdaq-100: a portfolio of large-cap technology and growth names paired with equity-linked notes that sell index call options. The result is a high monthly distribution with meaningful tech exposure underneath.

Because the underlying index is more volatile, option premiums — and therefore distributions — tend to be larger, but they also swing more. Payouts are not fixed, and the call overlay caps upside during sharp tech rallies.

Use this calculator to project JEPQ income from any starting amount, model reinvestment, and work backwards from a monthly income goal.

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Data as of September 27, 2026 · Sources: Yahoo Finance and fund fact sheets.

Share price
$61.24
Dividend yield (TTM)
10.84%
Expense ratio
0.35%
Distribution frequency
Monthly
TTM distributions / share
$6.78
Assets under management
$42.2B
How much JEPQ do you need for your income goal?

Capital required at the current 10.84% yield, before taxes and before accounting for future dividend growth or reinvestment.

Monthly incomeAnnual incomeCapital requiredApprox. shares
$500/month$6.0K$55.4K904
$1,000/month$12.0K$110.7K1,808
$2,000/month$24.0K$221.4K3,616
$3,000/month$36.0K$332.1K5,423
$5,000/month$60.0K$553.5K9,039
$10,000/month$120.0K$1.1M18,077

Estimates only. Yield, share price, and distributions change over time. Use the full calculator to model monthly contributions, dividend growth, taxes, and reinvestment.

Who JEPQ is for
  • Income investors who also want Nasdaq-100 exposure
  • Retirees using a tax-advantaged account who want monthly distributions
  • Investors comfortable with equity volatility in exchange for higher current yield
  • Pairing with a dividend-growth core to balance yield and growth
Trade-offs to understand
  • Distributions vary with volatility and can fall sharply in calm markets
  • The options overlay caps participation in strong Nasdaq rallies
  • Technology concentration adds drawdown risk compared with broad-market funds

About JEPQ

Actively managed Nasdaq-100 equity portfolio combined with equity-linked notes that simulate written Nasdaq-100 covered calls, producing monthly option premium income with concentrated tech exposure.

JEPQ key facts
MetricValue
Fund nameJPMorgan Nasdaq Equity Premium Income ETF
IssuerJ.P. Morgan
CategoryCovered Call
Inception date2022-05-03
Share price$61.24
NAV$61.23
Dividend yield (TTM)10.84%
Expense ratio0.35%
Distribution frequencyMonthly
Assets under management$42.2B
1-year return12.41%
5-year return (annualized)0.00%
3-year beta0.81

Historical returns are not a forecast. Figures shown are the latest available and may differ slightly from issuer fact sheets.

JEPQ dividend history and payout schedule
TTM / share
$6.78
Yield (TTM)
10.84%
Annual growth
41.7%
Pays in
February, March, April, May, June, July, August, September, October, November, December
Payment datePer share
September 1, 2026$0.68
August 3, 2026$0.71
July 1, 2026$0.64
June 1, 2026$0.56
May 1, 2026$0.59
April 1, 2026$0.56
March 2, 2026$0.51
February 2, 2026$0.47

Annual growth compares the latest twelve months of distributions with the twelve months ending four years earlier and is not a forecast. Past distributions can be reduced or suspended by the fund.

Top holdings

The largest positions in JEPQ, by portfolio weight.

  • NVDANVIDIA Corp7.29%
  • AAPLApple Inc6.31%
  • MSFTMicrosoft Corp5.27%
  • GOOGAlphabet Inc Class C4.76%
  • MUMicron Technology Inc4.59%
  • AMZNAmazon.com Inc3.98%
  • AMDAdvanced Micro Devices Inc3.10%
  • METAMeta Platforms Inc Class A2.39%
Sector allocation

Sector exposure reported by the fund provider.

  • Information Tech48.20%
  • Communication15.80%
  • Consumer Disc.14.40%
  • Health Care7.20%
  • Industrials4.80%
  • Consumer Staples4.20%
JEPQ frequently asked questions

JEPQ yields about 10.84% on a trailing basis at $61.24 per share. The yield is driven by option premium, so it moves with Nasdaq volatility and can change noticeably from month to month.

At 10.84%, generating $12,000 per year takes roughly $110.7K, or about 1,808 shares at the current price. Because payments vary, treat this as an estimate based on the trailing distribution rate.

Yes, JEPQ distributes monthly. Recent payment months were February, March, April, May, June, July, August, September, October, November, December, and the trailing twelve-month distribution totals about $6.78 per share. Amounts are variable, not a fixed coupon.

JEPQ sells options on the Nasdaq-100 while JEPI focuses on the S&P 500. That gives JEPQ more technology exposure and typically a higher but more variable yield. The trade-off is deeper drawdowns in tech-led selloffs and more upside capped in rallies.

Like JEPI, a large share of JEPQ's distribution comes from option premium and is generally taxed as ordinary income rather than qualified dividends. Holding it inside an IRA or Roth avoids that annual tax drag; confirm your situation with a tax professional.

JEPQ's payout tracks volatility rather than a rising dividend policy, so it fluctuates instead of compounding. Comparing the latest twelve months with the same period four years earlier, the trend is approximately 41.7% per year, and it can be negative.
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Disclaimer: This page is for educational purposes only and is not financial, investment, or tax advice. Fund data is sourced from Yahoo Finance and issuer fact sheets and may be delayed or contain errors. Dividend yields and distributions are not guaranteed. Past performance is not indicative of future results. Always consult a qualified advisor before making investment decisions.