SPYI Dividend Yield 2026: Neos S&P 500(R) High Income ETF

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Data last updated: Jul 04, 2026

Dividend Yield: 11.85%

Annual Dividend: $6.29 per share

Ex-Dividend Date: 2026-06-16

Dividend Frequency: monthly

Sector: Financial Services

Years of Dividend History: 5

About Neos S&P 500(R) High Income ETF Dividend

The Neos S&P 500(R) High Income ETF dividend is built around one goal: generating high monthly income from S&P 500 exposure in a tax-efficient way, with room for appreciation when markets rise. SPYI currently yields 12.1%, paying $6.29 per share over the trailing twelve months. Dividends are paid monthly, with the next ex-dividend date on June 16, 2026, and the last payment was $0.5310 per share. A beta of 0.69 means SPYI moves less than the broader market, which suits income-focused investors who want yield without full market volatility.

Dividend Safety

Neos S&P 500(R) High Income ETF pays out dividends as a fund, making the payout ratio not applicable (fund/ETF). The fund's structure, designed to seek high monthly income in a tax-efficient manner, is what drives the current $6.29 annual rate rather than a traditional earnings-based payout. Neos S&P 500(R) High Income ETF dividend safety depends on the fund's ability to generate income through its S&P 500 strategy, and any sustained shift in market conditions that reduces that income generation would put pressure on the monthly distribution.

Neos S&P 500(R) High Income ETF (SPYI) Dividend Growth Rate, CAGR, and History

Neos S&P 500(R) High Income ETF dividend history shows a compound annual growth rate (CAGR) of 3.1% per year from 2023 to 2025. Per-share payments grew from $5.7873 to $6.1458 over that window (2026 is a partial year and excluded from the CAGR). The smallest annual increase in the window was 0.5% in 2025, a sharp step down from the 5.7% increase posted in 2024. Growth is slow at the current pace, which means the yield does most of the work for income investors.

Neos S&P 500(R) High Income ETF Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	+48.2%	$1.89 (2022)	$6.15 (2025)

Is Neos S&P 500(R) High Income ETF a Good Dividend Stock?

SPYI fits income-focused investors who prioritize a high monthly cash yield over rapid dividend growth. The yield classification is high (above 4%), currently sitting at 12.1%, well above the fund's own 5-year average of 9.59%. That gap tells you the current yield is elevated relative to its own history. The trade-off is straightforward: the 3.1% annual growth rate is modest, so investors get a large income stream today but limited compounding of that income over time. The fund's tax-efficient structure adds a practical advantage for taxable accounts, but the income itself is the primary draw here, not appreciation.

Recent Neos S&P 500(R) High Income ETF Dividend Payments

Payment Date	Amount per Share
2026-06-16	$0.5310
2026-05-20	$0.5353
2026-04-22	$0.5247
2026-03-18	$0.5104
2026-02-18	$0.5219
2026-01-21	$0.5309
2025-12-24	$0.5316
2025-11-26	$0.5216
2025-10-22	$0.5268
2025-09-24	$0.5270

Neos S&P 500(R) High Income ETF Annual Dividend History

Year	Total Dividends
2026	$3.1542
2025	$6.1458
2024	$6.1182
2023	$5.7873
2022	$1.8897

Related Financial Services Dividend Stocks

• VTSAX — Vanguard Total Stock Market Index Fund Admiral Shares (1.05% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.06% yield)
• VOO — Vanguard S&P 500 ETF (1.07% yield)
• JPM — JPMorgan Chase & Co. (1.76% yield)
• IVV — iShares Core S&P 500 ETF (1.09% yield)
• FXAIX — Fidelity 500 Index Fund (1.04% yield)

Frequently Asked Questions

How often does Neos S&P 500(R) High Income ETF pay dividends?

Neos S&P 500(R) High Income ETF pays dividends monthly. The last dividend was $0.5310 per share, with the next ex-dividend date set for June 16, 2026.

What is Neos S&P 500(R) High Income ETF's current dividend yield?

The current SPYI dividend yield is 12.1%, above the fund's 5-year average yield of 9.59%. That means investors are currently receiving more income relative to price than the fund has historically delivered.

Has Neos S&P 500(R) High Income ETF ever cut its dividend?

No dividend cut appears in the available history window from 2023 to 2025. Annual payments grew each year in that range, from $5.7873 in 2023 to $6.1458 in 2025. The 2022 and 2026 rows are partial years and are not used to assess cuts.

How fast has Neos S&P 500(R) High Income ETF grown its dividend?

SPYI has grown its dividend at a compound annual growth rate (CAGR) of 3.1% per year from 2023 to 2025. The largest single-year increase in that window was 5.7% in 2024, while the smallest was 0.5% in 2025.

Is Neos S&P 500(R) High Income ETF a good dividend stock for income investors?

SPYI carries a high (above 4%) yield classification at 12.1%, paid monthly, which suits income-focused investors who prioritize cash flow. The payout ratio is not applicable as a fund, so sustainability depends on the fund's income-generation strategy rather than traditional earnings coverage.

What type of investor is Neos S&P 500(R) High Income ETF best suited for?

SPYI is structured for income-focused investors who want high monthly distributions and can accept modest dividend growth of around 3.1% per year. The fund's beta of 0.69 also appeals to those who want S&P 500 exposure with below-market price swings.

How does Neos S&P 500(R) High Income ETF compare to its own historical yield?

The current yield of 12.1% is above the fund's 5-year average of 9.59%. Investors buying Neos S&P 500(R) High Income ETF stock today are locking in a yield that is elevated relative to what the fund has historically offered.

Latest SPYI News

• Dividend Safety Check: SPYI and S&P 500 High Income - 24/7 Wall St. — 24/7 Wall St.
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