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

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Data last updated: Aug 17, 2026

Snapshot (as of Aug 17, 2026): Neos S&P 500(R) High Income ETF (SPYI) pays a $6.31 annual dividend ($0.53 monthly), yielding 11.61% at $54.33/share. Next ex-dividend date 2026-07-22. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 11.61%

Annual Dividend: $6.31 per share

Ex-Dividend Date: 2026-07-22

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 structure, with room for upside in rising markets. SPYI currently yields 11.64%, paying $6.3088 per share over the trailing twelve months. Dividends are paid monthly, with the next ex-dividend date on July 22, 2026, and the last payment was $0.5300 per share. At a beta of 0.705, SPYI 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), as traditional payout ratio metrics do not apply to ETF structures. Neos S&P 500(R) High Income ETF dividend safety rests on the fund's ability to generate income through its S&P 500 strategy, which targets high monthly income in a tax-efficient manner. The primary risk is that income generation depends on market conditions, and a sustained shift in the underlying S&P 500 environment could pressure the monthly distribution level.

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 this calculation). The smallest annual increase in the window was 0.5% in 2025, a notable slowdown from the 5.7% increase recorded in 2024. Growth is slow, and income investors should treat SPYI primarily as a yield vehicle rather than a dividend growth story.

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 flow over dividend growth. The yield is classified as high (above 4%), currently sitting at 11.64%, well above the fund's own 5-year average of 9.2%. That gap signals the current payout is running above its historical norm, which is worth watching. The 3.1% annual growth rate over the available history is modest, so purchasing power gains from dividend increases are limited. What an investor gets here is an elevated, tax-efficient monthly income stream tied to S&P 500 exposure; what they accept is slow dividend growth and dependence on market conditions to sustain that yield.

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

Payment Date	Amount per Share
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
2025-11-26	$0.5216
2025-10-22	$0.5268

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

Year	Total Dividends
2026	$3.6842
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 (1.01% yield)
• VTI — Vanguard Morningstar Total Stock Market ETF (1.02% yield)
• VOO — Vanguard S&P 500 ETF (1.03% yield)
• VFIAX — Vanguard 500 Index Fund Admiral Shares (1.03% yield)
• JPM — JPMorgan Chase & Co. (1.65% yield)
• IVV — iShares Core S&P 500 ETF (1.05% 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 11.61%.

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 $0.5300 per share, with the next ex-dividend date set for July 22, 2026.

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

The current yield is 11.64%, above the fund's 5-year average yield of 9.2%. That means SPYI is currently paying out more than its historical norm on a yield basis.

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. Annual increases have ranged from 0.5% in 2025 to 5.7% in 2024.

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

SPYI carries a high (above 4%) yield of 11.64% and pays monthly, which fits income-focused investors well. Growth is slow at 3.1% annually, so the appeal is current income, not rising payments over time.

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

SPYI suits income-focused investors who want high monthly cash flow from an S&P 500-linked strategy. The low beta of 0.705 and monthly payment schedule appeal to investors who prioritize yield and lower price volatility.

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

The current yield of 11.64% is above the 5-year average of 9.2%, meaning SPYI is paying out at an elevated rate relative to its own history. Income investors are getting more yield than the fund's norm, at least at current prices.

Latest SPYI News

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