SPYINeos S&P 500 High Income ETF
Current Price$48.50
Dividend Yield12%
Annual Dividend$5.82
Pay FrequencyMonthly

Calculate SPYI Income

How much you want to invest in SPYI
Current market price
Annual yield percentage
Annual SPYI Income$1200
Monthly Income$100
Shares Owned206
Effective Yield12%
Phin Smith
CREATED BY Phin Smith UPDATED
Based on 3 sources
Reviewed by Expert
1,337 people found this helpful

How to Calculate SPYI Dividend Income

Follow these steps to estimate your SPYI dividend income:

  1. Enter investment amount - How much you want to invest in SPYI.
  2. Verify the share price - The calculator uses current price of $48.50.
  3. Check the yield - SPYI currently yields 12% annually.
  4. View your projected income - See annual, monthly, and quarterly estimates.
Note: SPYI pays dividends monthly, so you'll receive 12 payments per year.

About Neos S&P 500 High Income ETF (SPYI)

S&P 500 covered call ETF with tax-efficient income strategy.

SPYI Key Facts

  • Dividend Yield: 12% annually
  • Payment Frequency: Monthly
  • Sector: ETF
  • Expense Ratio: 0.68%

Frequently Asked Questions

Is SPYI a good dividend investment?

SPYI offers a 12% yield with monthly payments. Whether it's right for you depends on your income needs, risk tolerance, and overall portfolio strategy.

How often does SPYI pay dividends?

SPYI pays dividends monthly, which means you receive 12 dividend payments per year.

What is SPYI's current dividend yield?

SPYI currently yields approximately 12% based on a price of $48.50 and annual dividend of $5.82 per share.

Can SPYI cut its dividend?

Any investment can potentially reduce dividends during difficult economic conditions. Review SPYI's dividend history and payout ratio to assess sustainability.

How many shares of SPYI should I buy?

It depends on your goals and portfolio size. A $10,000 investment would buy approximately 206 shares, generating about $1200 in annual dividends.

Investing in SPYI for Dividend Income

Neos S&P 500 High Income ETF (SPYI) offers investors a high-yield income opportunity with its current 12% dividend yield. As an ETF with a 0.68% expense ratio, SPYI provides diversified exposure to dividend-paying stocks with professional management.

Monthly dividend payers like SPYI are particularly attractive for retirees and income investors who prefer regular cash flow. The more frequent payment schedule can help with budgeting and reduces the time money sits idle between payments.

Use this calculator to project your potential dividend income from SPYI, model different investment scenarios, and plan your path toward financial goals. For comprehensive analysis, combine these projections with our tax calculator for after-tax returns and DRIP calculator for long-term compounding effects.

Sources

This calculator is based on the following authoritative sources:

  1. Investopedia - Dividend Yield Definition

    Comprehensive guide to dividend yield calculation and evaluation methodology.

  2. Yahoo Finance - Stock Data

    Real-time stock prices, dividend information, and financial data.

  3. SEC EDGAR - Company Filings

    Official SEC filings with dividend announcements and financial reports.