JEPI cuts monthly dividend 5.17% to $0.367 per share

JEPI (JPMorgan Equity Premium Income ETF) has announced a monthly dividend cut. The new payment is $0.3670 per share, down from the previous $0.3870, a decrease of 5.17%. The ex-dividend date for this payment is August 3, 2026.

The numbers

This cut follows a series of monthly payments: $0.351 on March 2, $0.421 on April 1, $0.448 on May 1, $0.389 on June 1, and $0.387 on July 1. The new $0.367 payment brings the trailing twelve-month (TTM) dividend per share to $4.5800, implying a TTM yield of 7.99% at the current price of $57.35. The ETF has increased its dividend for one consecutive year, but its 5-year dividend CAGR is not available.

What it means for income investors

For an investor holding 100 shares, the new monthly payment amounts to $36.70, down from $38.70 previously. On an annualized basis, this translates to $440.40 per 100 shares, based on the current monthly rate. The cut reflects a change in the fund's distribution, which may be influenced by market conditions and the fund's strategy.

Reporting based on: DividendSmart market data. Figures verified against market data where available.