JEPQ's next ex-dividend date is September 1, 2026, with payment on September 3, 2026. The most recent distribution was $0.70497 per share — the largest monthly payout in the fund's history — with an ex-date of August 3 and a pay date of August 5, 2026. JEPQ pays monthly.
- Next Ex-Date
- Sep 1, 2026
- Next Pay Date
- Sep 3, 2026
- Last Payout
- $0.70497
- TTM Dividend
- $6.52
- TTM Yield
- ~11%
JEPQ 2026 Dividend Dates & Payout Amounts
Every JEPQ ex-dividend date, record date, pay date, and per-share amount for 2026 — plus all 51 distributions since inception.
When Does JEPQ Pay Its Dividend in 2026?
The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) distributes monthly. The ex-dividend date is normally the first business day of the month, with the record date falling on the same day and the pay date roughly two business days later.
JEPQ's August 2026 distribution of $0.70497 per share was the largest in the fund's history, breaking the previous record of $0.68125 set back in November 2022 and marking the first time JEPQ has ever paid above $0.70. It was a 10.7% jump over July's $0.63658 and capped a five-month run in which the payout climbed in four of five months.
Across 2026 so far, JEPQ has paid $4.03 per share over seven distributions, an average of $0.5758 per month — well ahead of 2025's $0.5102 monthly average and on pace for the fund's strongest year since inception. Over the trailing twelve months JEPQ has distributed $6.52 per share, a yield of roughly 11%.
One quirk catches investors out every year: JEPQ has no January ex-dividend date. The explanation is below.
JEPQ 2026 Dividend Date Schedule
Every 2026 ex-dividend date, record date, pay date, and amount. Declared distributions show actual figures; upcoming months follow JEPQ's established first-business-day pattern.
| Month | Ex-Dividend Date | Record Date | Pay Date | Amount / Share | Status |
|---|---|---|---|---|---|
| Januarypaid from Dec 31, 2025 ex-date | Dec 31, 2025 | Dec 31, 2025 | Jan 5, 2026 | $0.57610 | Paid |
| February | Feb 2, 2026 | Feb 2, 2026 | Feb 4, 2026 | $0.46572 | Paid |
| March | Mar 2, 2026 | Mar 2, 2026 | Mar 4, 2026 | $0.50900 | Paid |
| April | Apr 1, 2026 | Apr 1, 2026 | Apr 6, 2026 | $0.55860 | Paid |
| May | May 1, 2026 | May 1, 2026 | May 5, 2026 | $0.59095 | Paid |
| June | Jun 1, 2026 | Jun 1, 2026 | Jun 3, 2026 | $0.56444 | Paid |
| July | Jul 1, 2026 | Jul 1, 2026 | Jul 6, 2026 | $0.63658 | Paid |
| August | Aug 3, 2026 | Aug 3, 2026 | Aug 5, 2026 | $0.70497 ATH | Paid |
| September NEXT | Sep 1, 2026 | Sep 1, 2026 | Sep 3, 2026 | Not yet declared | Upcoming |
| October | Oct 1, 2026 | Oct 1, 2026 | Oct 5, 2026 | Not yet declared | Upcoming |
| November | Nov 2, 2026 | Nov 2, 2026 | Nov 4, 2026 | Not yet declared | Upcoming |
| December | Dec 1, 2026 | Dec 1, 2026 | Dec 3, 2026 | Not yet declared | Upcoming |
| Year-Endpays early Jan 2027 | ~Dec 31, 2026 | ~Dec 31, 2026 | ~Jan 5, 2027 | Not yet declared | Expected |
Distributions through August 2026 are declared amounts. September through December ex-dates follow JEPQ's consistent first-business-day schedule and are subject to confirmation by JPMorgan. Amounts are never announced in advance.
⚠️ Why JEPQ Has No January Ex-Dividend Date
Look at any JEPQ calendar and January appears to be missing. It isn't — JEPQ runs two December ex-dividend dates every year. One falls at the start of December as normal, and a second falls in the final days of the month. That late-December distribution has a pay date in early January, which is the payment shareholders receive as their January income.
This has happened every single year since inception:
- Ex Dec 29, 2022 → paid Jan 4, 2023
- Ex Dec 28, 2023 → paid Jan 3, 2024
- Ex Dec 31, 2024 → paid Jan 3, 2025
- Ex Dec 31, 2025 → paid Jan 5, 2026 ($0.5761)
The practical consequence: if you buy JEPQ in early January expecting a January ex-date, you have already missed it. The relevant ex-date was in late December. Expect the same structure at the end of 2026.
JEPQ Dividends by Year
Total distributions and monthly averages for each calendar year since JEPQ launched in May 2022.
JEPQ's Last 12 Distributions
The trailing twelve months of payouts with month-over-month change. For all 51 distributions since inception, see the full history page.
| Ex-Dividend Date | Amount | MoM Change | Pay Date | Notes |
|---|---|---|---|---|
| Aug 3, 2026 | $0.70497 | +10.7% | Aug 5, 2026 | ALL-TIME HIGH |
| Jul 1, 2026 | $0.63658 | +12.8% | Jul 6, 2026 | |
| Jun 1, 2026 | $0.56444 | -4.5% | Jun 3, 2026 | |
| May 1, 2026 | $0.59095 | +5.8% | May 5, 2026 | |
| Apr 1, 2026 | $0.55860 | +9.7% | Apr 6, 2026 | |
| Mar 2, 2026 | $0.50900 | +9.3% | Mar 4, 2026 | |
| Feb 2, 2026 | $0.46572 | -19.2% | Feb 4, 2026 | |
| Dec 31, 2025 | $0.57610 | +4.1% | Jan 5, 2026 | YEAR-END |
| Dec 1, 2025 | $0.55323 | +16.3% | Dec 3, 2025 | |
| Nov 3, 2025 | $0.47553 | +6.6% | Nov 5, 2025 | |
| Oct 1, 2025 | $0.44612 | +0.9% | Oct 3, 2025 | |
| Sep 2, 2025 | $0.44195 | -0.4% | Sep 4, 2025 |
Trailing twelve months total: $6.52319 per share — a yield of roughly 11% at the current share price. Across all 51 distributions since May 2022, JEPQ has paid $24.4494 per share at an average of $0.4794.
All 51 distributions with ex-dates, record dates, pay dates, amounts, and year-by-year totals — searchable and sortable.
View Full JEPQ Dividend History →Why JEPQ's Dividend Changes Every Month
JEPQ's payout is variable by design. Understanding why prevents unnecessary panic when it drops.
How JEPQ Generates Its Income
- Ticker
- JEPQ
- Issuer
- J.P. Morgan
- Inception
- May 3, 2022
- Frequency
- Monthly
- Expense Ratio
- 0.35%
JEPQ holds an actively managed portfolio of Nasdaq-100 stocks and layers on an options overlay that sells call exposure on the index. The premiums collected from those options, plus dividends from the underlying holdings, fund the monthly distribution.
Option premiums scale with implied volatility. When markets get choppy, calls sell for more and JEPQ's payout rises. When markets are calm and grinding upward, premiums shrink and the payout falls. This is why the distribution swings between roughly $0.34 and $0.70 rather than holding steady.
A falling JEPQ distribution is not a dividend cut in the way a company reducing its payout is. It reflects a lower-volatility month. The trade-off runs the other way too: the record August 2026 payout came out of a higher-volatility stretch in tech.
🏆 Compare JEPQ against every other high-yield ETF on our Top 100 Dividend ETFs list.
The Range So Far
- Highest ever: $0.70497 — August 2026
- Previous record: $0.68125 — November 2022
- Lowest ever: $0.33975 — July 2022
- Average across 51 payments: $0.4794
- Total paid since inception: $24.4494 per share
The spread between the highest and lowest month is more than 2x. If you are budgeting real monthly income around JEPQ, plan against the average rather than the most recent payment.
💡 How to Qualify for a JEPQ Distribution
- Buy before the ex-dividend date. Purchase no later than the prior trading day. Buying on the ex-date itself means you miss that month.
- Ex-date and record date are the same day for JEPQ, so there is no separate window to track.
- You can sell on or after the ex-date and still receive the payment. Ownership before the ex-date is what matters.
- The pay date lands about two business days later — faster than most monthly ETFs, which often run 5+ days.
Frequently Asked Questions — JEPQ Dividends
Common questions about JEPQ's ex-dividend dates, payment schedule, and variable distributions.
- When is JEPQ's next ex-dividend date?JEPQ's next ex-dividend date is September 1, 2026, with payment on September 3, 2026. You must own shares before September 1 to receive that distribution.
- How much was JEPQ's last dividend?JEPQ paid $0.70497 per share with an ex-dividend date of August 3, 2026 and a pay date of August 5, 2026. This is the largest monthly distribution in the fund's history, topping the previous record of $0.68125 from November 2022, and a 10.7% increase over July's $0.63658.
- When does JEPQ pay dividends?JEPQ pays monthly. The ex-dividend date is normally the first business day of the month, the record date falls the same day, and the pay date follows about two business days later. The exception is the year-end distribution, which has a late-December ex-date and pays in early January.
- Why does JEPQ have no January ex-dividend date?JEPQ runs two December ex-dividend dates each year — one at the start of the month and one in the final days. The late-December distribution pays in early January, covering the January payment. This has happened every year since 2022, most recently an ex-date of December 31, 2025 paying $0.5761 on January 5, 2026. If you buy in early January expecting an ex-date, you've already missed it.
- What is JEPQ's dividend yield?JEPQ has paid $6.52 per share over the trailing twelve months, a yield of roughly 11% at the current share price. Because the income comes from selling call options, the monthly amount varies with market volatility, so trailing yield and any forward estimate will differ.
- How many dividends has JEPQ paid?JEPQ has made 51 consecutive monthly distributions since inception on May 3, 2022, totaling $24.4494 per share at an average of $0.4794 per payment. It has never missed or skipped a month.
- Why does JEPQ's dividend change every month?JEPQ generates income by selling call options on the Nasdaq-100. Option premiums rise with implied volatility and fall when markets are calm, so the payout moves with volatility rather than staying fixed. Amounts have ranged from $0.33975 (July 2022) to $0.70497 (August 2026). A lower month is not a dividend cut — it reflects lower premiums.
- Is 2026 a record year for JEPQ?On a per-month basis, yes so far. Through seven distributions JEPQ has averaged $0.5758 per month in 2026, ahead of 2025's $0.5102, 2024's $0.4536, and 2023's $0.4167. With five distributions left in the year, 2026 is on pace to be JEPQ's strongest since inception.
- Do I need to hold JEPQ on the ex-dividend date?You must own JEPQ before the ex-dividend date, meaning you buy no later than the prior trading day. For JEPQ the ex-date and record date are the same day. Once you own shares before the ex-date, you receive the distribution even if you sell afterward.
- How does JEPQ compare to JEPI?Both are JPMorgan covered call ETFs paying monthly. JEPI is built on the S&P 500 and is more defensive; JEPQ is built on the Nasdaq-100 and is more technology-weighted. JEPQ typically carries the higher yield and the higher volatility. See JEPQ's full dividend history →
Important Disclaimer
Dividend dates and amounts on this page are sourced from JPMorgan's published distribution records and are provided for educational and informational purposes only. Declared amounts are historical fact; future ex-dividend dates are projections based on JEPQ's established schedule and are subject to change without notice by the issuer. Distribution amounts are never announced in advance and vary substantially month to month. Past distributions do not guarantee future payments. This page contains no buy or sell recommendations and does not constitute financial advice. Covered call strategies may experience NAV erosion in strong bull markets. Always verify dates and amounts with J.P. Morgan Asset Management or your brokerage before making investment decisions. TopDividendETFs.com is not affiliated with JPMorgan Chase & Co.
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