JEPQ vs PAYR
JPMorgan Nasdaq Equity Premium Income ETF compared with Federated Hermes Enhanced Income ETF on yield, payout growth, payment schedule, cost and risk.
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF
TTM yield · Monthly
PAYR
Federated Hermes Enhanced Income ETF
TTM yield · Monthly
Quick take
- JEPQ yields more today: 11.30% vs 7.82% (forward).
- Both pay every month.
- JEPQ is cheaper to own: 0.35% vs 0.40% expense ratio.
- JEPQ has the steadier distribution: consistency 86/100 vs 66/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | JEPQ | PAYR |
|---|---|---|
| Share price | $59.85 | $55.29 |
| TTM yield | 11.30% | 7.17% |
| Forward yield | 11.30% | 7.82% |
| Annual payout per share | $6.765 | $4.3255 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 1, 2026 (est.) | Sep 30, 2026 (est.) |
| Expense ratio | 0.35% | 0.40% |
| 1-year payout growth | +11.2% | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 2 years | 0 years |
| Payout consistency (last 12) | 86/100 | 66/100 |
| 1-year total return | +19.6% | — |
| 1-year price return | +7.5% | — |
| Size (market cap / AUM) | 42.2B | 70.1M |
| Years paying | 4.3 | 0.9 |
| Sector / category | Derivative Income | Derivative Income |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| JEPQ | PAYR | |
|---|---|---|
| Shares | 167.1 | 180.9 |
| Income per year | $1,130 | $782 |
| Income per month (avg) | $94 | $65 |
At forward yields, before taxes. Model JEPQ · Model PAYR
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| JEPQ Oct 1, 2026 | Oct 3, 2026 | $0.5637 | Est. |
| JEPQ Oct 31, 2026 | Nov 2, 2026 | $0.5637 | Est. |
| JEPQ Nov 30, 2026 | Dec 2, 2026 | $0.5637 | Est. |
| PAYR Sep 30, 2026 | Oct 14, 2026 | $0.3605 | Est. |
| PAYR Oct 30, 2026 | Nov 13, 2026 | $0.3605 | Est. |
| PAYR Nov 29, 2026 | Dec 13, 2026 | $0.3605 | Est. |
Annual payouts per share
JEPQPAYR
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, JEPQ or PAYR?
JEPQ currently has the higher trailing yield: JEPQ yields 11.30% and PAYR yields 7.17%. Yield changes daily with price, so check the live figures above.
How often do JEPQ and PAYR pay?
JEPQ pays every month and PAYR pays every month. JEPQ's next ex-date is Oct 1, 2026 and PAYR's is Sep 30, 2026.
Is JEPQ or PAYR better for income?
It depends on what you are optimising for. JEPQ and PAYR differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.