JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Announces Dividend Increase – $0.58 Per Share

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) announced a monthly dividend on Tuesday, December 30th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.5761 per share on Monday, January 5th. This represents a c) dividend on an annualized basis and a yield of 11.8%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a 4.1% increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.55.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ traded down $0.73 during midday trading on Wednesday, reaching $58.37. The company had a trading volume of 2,340,163 shares, compared to its average volume of 5,973,853. The business has a 50-day moving average price of $58.35 and a two-hundred day moving average price of $56.54. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $44.31 and a 12-month high of $59.42. The stock has a market cap of $31.52 billion, a PE ratio of 32.17 and a beta of 0.83.

About JPMorgan Nasdaq Equity Premium Income ETF

The J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund of US large-cap companies from the Nasdaq-100 Index, assessed and managed using ESG factors and a proprietary data science driven investment approach. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.