SmarterDividends

JEPI vs JEPQ: Which Is the Better Dividend Stock?

As of June 2026, JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) screens as the stronger dividend stock, winning 5 of 5 head-to-head metrics. JEPQ offers the higher yield at 10.22%, JEPQ has the higher dividend-safety score, and JEPQ trades at the larger discount to fair value (+64%).

MetricJEPIJEPQ
Forward yield8.18%10.22%
Annual dividend$4.58$6.12
Payout ratio
Years of growth1 yr2 yr
5-yr dividend growth-5.6%
5-yr total return-7%
Dividend safety score60 (C)61 (C)
Fair value estimate$73.69$98.38
Upside to fair value+31%+64%
Frequencymonthlymonthly
Market cap
P/E ratio27.532.2

Higher yield

JEPQ

10.22%

Safer dividend

JEPQ

Grade C

Faster growth

JEPI

-5.6%

Better value

JEPQ

+64% upside

JEPI vs JEPQ — FAQ

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