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QQQI Dividend Calculator

Calculate your QQQI dividend income, find how much to invest for your target monthly income, and project long-term DRIP growth. Free NEOS Nasdaq-100 High Income ETF calculator.

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To earn $1,000/month in QQQI dividends, you need ~$87,505 (1,613 shares)

QQQI current yield: ~13.7% | Monthly dividend: $0.62/share | Share price: $54.25

📊 Your Investment

Current QQQI price: ~$54.25

Recent QQQI dividend: ~$0.62/share/month

💡 Tip: QQQI pays dividends monthly, making it ideal for regular income. Dividend amounts may vary each month.

💵 Your Dividend Income

Monthly Dividend Income

$114

per month

Annual Income

$1,371

Dividend Yield

13.71%

Shares You Would Own

184 shares

📋 Breakdown

Investment$10,000
÷ Share Price$54.25
= Shares184.33
× Monthly Dividend$0.62
= Monthly Income$114.29

📈 About QQQI ETF

Full Name

NEOS Nasdaq-100 High Income ETF

Dividend Yield

~13-14% annually

Payment Frequency

Monthly

Strategy

Covered Call on Nasdaq-100

Expense Ratio

0.68%

Launch Date

January 30, 2024

💰 Understanding QQQI Dividends

QQQI (NEOS Nasdaq-100 High Income ETF) is a high-yield ETF that generates income through a covered call options strategy on the Nasdaq-100 index. Unlike traditional ETFs that rely on company dividends, QQQI earns most of its income from option premiums, allowing it to offer yields of 13-14% — significantly higher than the ~0.5% yield of standard QQQ.

How QQQI Generates High Yields

QQQI invests in the same companies as QQQ (Apple, Microsoft, NVIDIA, Amazon, etc.) but also sells call options on the index. When you sell a call option, you receive a premium upfront in exchange for capping your upside potential. This premium is distributed to shareholders as monthly dividends. The trade-off: QQQI may underperform QQQ in strong bull markets but provides consistent income.

Monthly vs Quarterly Dividends

One of QQQI's biggest attractions is its monthly payment schedule. Most ETFs pay quarterly, meaning you wait 3 months between payments. QQQI pays every month, typically around the 24th-26th. This is ideal for retirees or anyone using dividends to cover monthly expenses. Recent monthly dividends have ranged from $0.53 to $0.64 per share.

Tax Considerations

QQQI distributions are largely classified as return of capital (ROC), which is tax-advantaged. ROC is not immediately taxable — it reduces your cost basis and is only taxed when you sell shares. Additionally, some option gains qualify for favorable 60/40 tax treatment under Section 1256. This makes QQQI more tax-efficient than many high-yield alternatives.

Is QQQI Right for You?

QQQI is best suited for income-focused investors who prioritize regular cash flow over maximum capital appreciation. It works well in sideways or moderately bullish markets. However, if you're focused on long-term growth and don't need current income, standard QQQ may be more appropriate. Many investors hold both: QQQ for growth, QQQI for income.

💵 Quick Income Reference

$500/mo: ~$43,800

$1,000/mo: ~$87,600

$2,000/mo: ~$175,200

$3,000/mo: ~$262,800

$5,000/mo: ~$438,000

*Based on ~13.7% yield. Actual amounts vary.

📊 Similar High-Yield ETFs

SPYI - S&P 500 covered call (~12%)

JEPQ - Nasdaq income (~9%)

JEPI - S&P 500 income (~7%)

QYLD - Nasdaq covered call (~12%)

Frequently Asked Questions

QQQI pays monthly dividends, typically around $0.60-$0.64 per share. Over the past 12 months, QQQI paid approximately $7.44 per share in total dividends, resulting in an annual dividend yield of about 13-14%. Unlike most ETFs that pay quarterly, QQQI's monthly distribution schedule makes it popular among income-focused investors seeking regular cash flow.

To earn $1,000 per month ($12,000/year) in QQQI dividends at the current yield of approximately 13.7%, you would need to invest around $87,600. This equals roughly 1,615 shares at $54.25 per share. Keep in mind that dividend amounts can fluctuate monthly, so this is an estimate based on recent distribution history.

QQQI can be suitable for investors seeking high monthly income from their portfolio. Pros include: ~14% dividend yield, monthly payments, tax-efficient structure (return of capital), and exposure to Nasdaq-100 companies. However, consider: covered call strategy caps upside potential, relatively new ETF (launched Jan 2024), and high yields come with risks. It's best suited as part of a diversified income portfolio, not as a sole investment.

For $3,000 monthly income ($36,000/year) from QQQI at a 13.7% yield, you'd need approximately $262,800 invested, or about 4,845 shares. This is a significant investment, and many investors diversify across multiple high-yield ETFs (like SPYI, JEPQ, JEPI) rather than concentrating in a single fund.

Yes, QQQI pays dividends monthly, which is one of its key attractions. The ex-dividend date is typically around the 20th-24th of each month, with payment following 1-2 days later. This monthly schedule provides more frequent income compared to traditional quarterly-paying ETFs, making it easier to manage cash flow for living expenses or reinvestment.

QQQ is a standard Nasdaq-100 index ETF with a low ~0.5% dividend yield but full upside potential. QQQI uses a covered call strategy on the same index, generating ~14% yield through option premiums but capping some upside gains. QQQI is designed for income; QQQ is for growth. QQQI also has a higher expense ratio (0.68% vs 0.20%) due to active management of the options strategy.

DRIP (Dividend Reinvestment Plan) automatically reinvests your dividends to buy more shares instead of receiving cash. With QQQI's high yield, DRIP can significantly accelerate wealth building through compounding. For example, $10,000 with DRIP enabled could grow to over $50,000 in 10 years vs ~$24,000 without DRIP. Use DRIP if you don't need current income; take cash if you're living off dividends.

⚠️ Disclaimer: This calculator is for informational and educational purposes only and does not constitute investment advice. Dividend payments are not guaranteed and may fluctuate. Past performance does not guarantee future results. QQQI is a relatively new ETF (launched Jan 2024) with limited historical data. Always consult a qualified financial advisor before making investment decisions.