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

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Data last updated: Oct 02, 2026

Snapshot (as of Oct 02, 2026): Neos S&P 500(R) High Income ETF (SPYI) pays a $6.34 annual dividend ($0.53 monthly), yielding 11.84% at $53.56/share. Next ex-dividend date 2026-09-16. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 11.84%

Annual Dividend: $6.34 per share

Ex-Dividend Date: 2026-09-16

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: delivering high monthly income from S&P 500 exposure in a tax-efficient way, with room for upside in rising markets. SPYI currently yields 12.94%, paying $6.8673 per share over the trailing twelve months in monthly installments. The next ex-dividend date is September 16, 2026, with the last payment coming in at $0.5338 per share. At a beta of 0.706, SPYI stock carries less price volatility than the broader market, which suits income-focused investors who want yield without extreme swings.

Dividend Safety

Neos S&P 500(R) High Income ETF pays out dividends classified as not applicable (fund/ETF), meaning traditional payout ratio analysis does not apply here. As a fund structured to generate high monthly income through S&P 500 exposure and tax-efficient strategies, the payout level is tied to the fund's income generation rather than corporate earnings. Neos S&P 500(R) High Income ETF dividend safety depends on the fund's ability to sustain its options-based income strategy, and any shift in market conditions that reduces premium income could pressure 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 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 growth calculation). The smallest annual increase in the window was 0.5% in 2025, a sharp slowdown from the 5.7% increase posted in 2024. Growth is slow at this pace, and for a fund yielding nearly 13%, the income itself is clearly the draw rather than dividend expansion.

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%), sitting at 12.94% today versus a 5-year average of 9.39%, meaning the current yield is running well above its own historical norm. The fund's tax-efficient structure and S&P 500 exposure add a layer of differentiation for income seekers. The trade-off is straightforward: dividend growth has been modest, averaging 3.1% per year, and the 2025 increase was just 0.5%. An investor in SPYI gets an outsized income stream anchored to large-cap equity exposure, but accepts limited dividend growth in return.

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

Payment Date	Amount per Share
2026-09-16	$0.5338
2026-08-19	$0.5423
2026-07-22	$0.5300
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

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

Year	Total Dividends
2026	$4.7603
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 (1.04% yield)
• VTI — Vanguard Morningstar Total Stock Market ETF (1.04% yield)
• VOO — Vanguard S&P 500 ETF (1.05% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.05% yield)
• IVV — iShares Core S&P 500 ETF (1.09% yield)
• JPM — JPMorgan Chase & Co. (1.80% yield)

Frequently Asked Questions

Does SPYI pay dividends?

Yes, Neos S&P 500(R) High Income ETF (SPYI) pays a $0.53 monthly dividend per share, yielding 11.84%.

How often does SPYI pay dividends?

Neos S&P 500(R) High Income ETF (SPYI) pays dividends monthly — 12 times per year.

Does SPYI pay monthly dividends?

Yes — Neos S&P 500(R) High Income ETF (SPYI) pays dividends every month.

How much does SPYI pay per month?

Neos S&P 500(R) High Income ETF (SPYI) pays about $0.53 per share per month at the current annual dividend rate of $6.34.

What is SPYI's dividend yield?

Neos S&P 500(R) High Income ETF (SPYI) currently yields 11.84% based on the annual dividend rate and today's share price.

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, with annual payments rising each year. The fund launched in 2022, so the full history is limited to roughly three complete years.

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 was 5.7% in 2024, while 2025 saw a much smaller 0.5% gain.

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

SPYI carries a high (above 4%) yield of 12.94% paid monthly, which is the defining characteristic for income-focused investors. The trade-off is slow dividend growth, averaging 3.1% per year over the available history.

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