JEPI Dividend – JPMorgan Equity Premium Income ETF
The JPMorgan Equity Premium Income ETF seeks to provide returns in the form of dividends (JEPI Dividend). The actively managed fund owns stocks associated with its primary benchmark, the Standard & Poor’s 500 Total Return Index (S&P 500 Index). The fund generates additional income by selling call options against its underlying portfolio of stocks. JEPI’s goal is to expose investors to less risk through lower volatility while still offering incremental income. Under normal circumstances, the fund invests at least 80% of its assets in equity securities. JEPI fund managers may also invest in other equity securities not included in the S&P 500 Index. In this way, the fund provides a hedge-fund-like strategy in the form of an ETF. JEPI was launched in May 2020.
JEPI Dividend Yield
As of December 2022, JEPI has a dividend yield of 11.13% and paid $6.25 per share in the past year. The dividend is paid every month and the ex-dividend date is Dec 15, 2022.
JEPI Dividend History
- Number of times JPMorgan Equity Premium Income ETF has decreased the dividend in the last 3 years: 9
- The number of times the stock has increased the dividend in the last 3 years: 18
- The trailing 12-month dividend yield for JEPI is: 9.6%
JEPI Dividend History 2022
| Ex-Dividend Date | Cash Amount | Pay Date |
|---|---|---|
| Dec 1, 2022 | $0.61036 | Dec 6, 2022 |
| Nov 1, 2022 | $0.60627 | Nov 4, 2022 |
| Oct 3, 2022 | $0.48084 | Oct 6, 2022 |
| Sep 1, 2022 | $0.55894 | Sep 7, 2022 |
| Aug 1, 2022 | $0.49547 | Aug 4, 2022 |
| Jul 1, 2022 | $0.62102 | Jul 7, 2022 |
| Jun 1, 2022 | $0.51642 | Jun 6, 2022 |
| May 2, 2022 | $0.46806 | May 5, 2022 |
| Apr 1, 2022 | $0.58777 | Apr 6, 2022 |
| Mar 1, 2022 | $0.46226 | Mar 4, 2022 |
| Feb 1, 2022 | $0.38181 | Feb 4, 2022 |
| Dec 30, 2021 | $0.45861 | Jan 4, 2022 |
More About The JPMorgan Equity Premium Income ETF
The JPMorgan Equity Premium Income ETF (JEPI) is an actively managed fund. It earns money by selling options on large-cap stocks in the United States. The fund invests in S&P 500 stocks with low volatility and high value. Moreover, fund managers sell options on those stocks to generate additional income. JEPI was launched in May 2020. Writing call options should provide additional income to the fund. However, call options run the risk of missing out on the full gains from increases in the underlying portfolio. Ultimately, an actively managed fund is a bet on the manager’s ability to outperform the market. JEPI provides a hedge-fund-like strategy in the form of an ETF. Of course, investors and advisers should consider whether JEPI is appropriate for their goals. Nevertheless, the fund is reasonably priced for what it provides.
JPMorgan Equity Premium Income ETF seeks to deliver monthly distributable income and equity market exposure with less volatility. Portfolio managers with over 60 years of combined experience investing in equities and equity derivatives. The defensive equity portfolio employs a time-tested, bottom-up fundamental research process with stock selection based on our proprietary risk-adjusted stock rankings. Disciplined options overlay implements written out-of-the-money S&P 500 Index call options to generate distributable monthly income. (Source: am.jpmorgan.com)
JEPI Dividend News: Announcement
Equity Premium Income ETF/JPMorgan Exchange-Traded Fund Trust (NYSE: JEPI) on 11/30/2022 declared a dividend of $0.6104 per share (November 30, 2022)
Equity Premium Income ETF/JPMorgan Exchange-Traded Fund Trust (NYSE: JEPI) on 11/30/2022 declared a dividend of $ 0.6104 per share. The dividend is payable on December 06, 2022, to shareholders of record as of December 02, 2022. The dividend amount recorded is an increase of $ 0.0041000000000001 from the last dividend Paid. Equity Premium Income ETF/JPMorgan Exchange-Traded Fund Trust has paid dividends since 2020. The Fund has a current dividend yield of 11.2555656433% and has increased its dividends for 1 successive year. The stock price has a 52-week low/high of $ 49.92 and $ 63.67.
- Dividend Declaration Date: November 30, 2022
- Ex-Dividend Date: December 01, 2022
- Record Date: December 02, 2022
- Payment Date: December 06, 2022
- JEPI Dividend Amount: $ 0.6104
Dividend Definition
Dividends are common dividends paid per share that are declared on the ex-dividend date. Profits from business operations can generally be allocated to retained earnings or paid to shareholders as dividends or stock buybacks. Dividends are paid out in proportion to the number of shares owned. For example, if a shareholder owns five shares of JEPI ETF and the fund pays a one-dollar JEPI dividend, the shareholder will receive $5.
In general, dividends can be company-specific or growth-specific. Rapidly growing companies (technology) frequently do not pay dividends. In this case, the cash is expected to be invested in other business projects that fuel further growth. However, companies with strong growth (utilities) frequently pay out small, consistent dividends. Some companies have a long and consistent dividend policy. For example, General Electric. Others may only issue dividends infrequently, even if they have consistently positive earnings, like Apple and Amazon.
Up Next: What Are Section 199A Dividends?
Section 199A dividends are REIT dividends that are listed in Box 5 of Form 1099-DIV. They should be included on a taxpayer’s federal tax return. Generally, REIT dividends create a taxpayer-favorable federal income tax deduction. Dividends paid out by real estate investment trusts (REITs) or funds holding REITs are referred to as Section 199A dividends. In essence, Section 199A dividends are like regular dividends. For instance, they take a portion of a company’s equity and redistribute it to shareholders.
The distribution is based on the number of shares the individual owns. However, Section 199A dividends are only paid out by REITs and funds that hold REITs. For tax purposes, REITs are a special type of business that predominantly hold real estate. In exchange for paying 90 plus percent of its income out to investors as dividends, the REIT itself does not pay federal corporate income taxes. Moreover, the dividends a REIT pays are eligible to receive special tax treatment.
