$GPIQ ETF Dividend Guide 2026: Yield, Dividend History & Ex-Dates

Sponsored By Read carefully before investing. Prospectus: https://lsfunds.com/hubfs/Regulatory/Prospectus.pdf?hsLang=en

Two days ago I broke down $GPIX, Goldman's S&P 500 income fund. A lot of you asked for the Nasdaq-100 version, and honestly, $GPIQ is the one I find more interesting. Same playbook, but built on a more volatile index, which means bigger option premiums and a bigger monthly check.

Most people searching "$GPIQ dividend" just want the numbers: how much, when, and is it sustainable. So here's all of it in one place, plus the stuff most guides skip.

What Is $GPIQ?

$GPIQ is the Goldman Sachs Nasdaq-100 Premium Income ETF. It launched on October 24, 2023, the same day as $GPIX, so it turns three years old today.

It's actively managed and holds the stocks of the Nasdaq-100, so you're getting the big tech names: Nvidia, Apple, Microsoft and the rest. It has grown to about $6.3 billion in assets. The total expense ratio is 0.35%, but Goldman waives part of its fee to bring the net cost down to 0.29%, with that waiver in place through at least April 30, 2027 per the April 2026 summary prospectus.

The stated goal is "current income while maintaining prospects for capital appreciation." In plain English: pay me every month, but don't kill the growth. That's the whole test for a fund like this.

How $GPIQ Makes a 10% Yield

The Nasdaq-100 pays almost nothing in dividends on its own. Nearly all of $GPIQ's payout comes from selling call options.

The detail that matters: $GPIQ does not sell calls against its whole portfolio. The prospectus says the overwrite level is expected to sit between 25% and 75% of the value of its stock holdings. Goldman calls this a dynamic overwrite. It also sells those calls on things that track the benchmark, like an index ETF, rather than on the individual stocks it owns.

• Overwrite less of the portfolio, and more of the stock is free to run when tech rallies.
• Overwrite more of the portfolio, and the fund collects more premium but caps more of the upside.

Why is the yield higher than $GPIX? Because the Nasdaq-100 is more volatile than the S&P 500, and options on a more volatile index cost more. Selling more expensive options means more premium coming in. Same engine, more fuel.

$GPIQ Ex-Dividend Dates and Pay Schedule

$GPIQ runs on the same calendar as $GPIX. The ex-dividend date is usually the first business day of the month, and the payment lands about four to seven days later. Here's 2026 so far:

The October 2026 payment was $0.50881, declared September 30, ex-dividend October 1 and paid October 7. If the pattern holds, the next ex-date should land around Monday, November 2, 2026. Goldman hadn't announced it as of October 24, so treat that as an estimate and check the fund page before you plan around it.

And please don't buy the day before the ex-date just to "grab" the dividend. The share price drops by roughly the payout on the ex-date. You're not getting free money, you're just moving part of your share price into your cash balance.

Full $GPIQ Dividend History (2023 to 2026)

$GPIQ has made 35 monthly payments since its first one in December 2023, totaling $15.28 per share. Here's the year-by-year picture:

Here's what I like: the trend is up, and not by a little. The October 2026 payout of $0.50881 is about 11% higher than the October 2025 payout of $0.45789, and the 2026 payments have already passed $4.82 with two months to go. That happens when the share price is rising and the payout is pegged to it. It's the exact opposite of the price decay pattern I warn about all the time.

It's not a straight line, though. The payout dropped to $0.43190 in April 2026 after a rough stretch for tech, then bounced right back above $0.48. Expect that kind of wobble. It's an options fund, not a bond.

What Yield Does $GPIQ Actually Pay?

You'll see different yield numbers for $GPIQ depending on the site. They're all technically correct. They just measure different things:

• Trailing 12-month yield: about 10.4%. The last 12 payments added up to $5.76565 per share. Divide by a price near $55.21 and you get roughly 10.4%. This is the one I use, because it's what the fund actually paid.
• Annualized latest payout: about 11.1%. Take October's $0.50881, multiply by 12 ($6.11) and divide by the price. Nasdaq shows this as the "current yield."
• SEC yield: much lower. It only counts dividends and interest from the stocks, not option premium. For a covered call fund it badly understates what lands in your account.

Our $GPIQ dividend scorecard shows about 10.1% today, right in line with the trailing figure.

$GPIQ Taxes: The Return of Capital Story

If you hold $GPIQ in a taxable account, this section matters more than the yield.

Goldman publishes a Section 19(a) notice estimating where each distribution came from. Its July 2026 notice estimated that for the fiscal year through June 30, 2026, about 96.8% of $GPIQ's distributions were return of capital and only about 3.2% was ordinary income. The prospectus itself warns that the strategy "may cause a significant portion of the distributions" to be treated that way.

Return of capital (ROC) is generally not taxed in the year you receive it. It lowers your cost basis instead, and you pay tax later when you sell, usually at long-term capital gains rates if you've held over a year.

$QQQI gets its tax edge a different way, through Section 1256 index options. I covered that in my $QQQI dividend guide.

How Much $GPIQ for $500, $1,000 or $2,000 a Month?

Using the trailing $5.76565 per share and a $55.21 share price (about 10.4%):

Compare that to $GPIX, where $1,000 a month took about $146,000. That's the trade: $GPIQ gets you there with less money, but you're riding a more volatile index to do it.

Want to see what reinvesting those payouts could do over 10 or 20 years? Plug $GPIQ into DividendProjection.com. And if you'd rather get paid every week, WeeklyETFs.com tracks every weekly payer.

$GPIQ vs $JEPQ vs $QQQI vs $QYLD

These are the four Nasdaq-100 income funds people compare most. Yields, assets and price decay flags are from our data sheet today:

$GPIQ vs $JEPQ

This is the matchup most people care about. Both pay monthly, both hold the Nasdaq-100 names, and neither shows price decay. $JEPQ is the giant at about $44 billion and pays a bit more, around 11.6%. $GPIQ is cheaper at 0.29% versus 0.35%, and its partial overwrite is designed to leave more room for upside. I'd call it a coin flip on quality. If you want the bigger check, $JEPQ. If you want a bit more growth and a lower fee, $GPIQ. The $JEPQ scorecard has its live numbers.

$GPIQ vs $QQQI

$QQQI pays a much higher yield, around 14%, and has the Section 1256 tax setup. It also costs more than double. Both have held up without price decay so far. $QQQI is the "more income now" pick, $GPIQ is the "cheaper and steadier" pick.

$GPIQ vs $QYLD

This one isn't close for me. $QYLD overwrites basically everything, which has capped its growth for years, and it carries a price decay flag in our data. I'd rather own the fund that can still grow its share price and its payout. You can see the damage on the $QYLD scorecard.

Want the full picture once every dividend is counted? That's exactly what ETFTotalReturns.com is built for.

Total Return: Does $GPIQ Keep Up?

Here's the scoreboard straight from the April 2026 summary prospectus, through December 31, 2025:

This is impressive for a covered call fund. In 2025, $GPIQ trailed the Nasdaq-100 by only about 1.2 points while paying out roughly 10% along the way, and it actually beat the S&P 500. Since launch it has lagged the Nasdaq-100 by about 3.9 points a year, which is the expected cost of selling calls in a strong bull market. Most older covered call funds gave up far more than that.

Its best quarter was +14.75% (June 2025) and its worst was -6.62% (March 2025). So yes, it moves. This is still a tech fund.

The Real Risks

• Tech concentration. You own the Nasdaq-100, which is heavy in a handful of mega-cap tech names. When tech sells off, $GPIQ goes with it.
• Capped upside. In a ripping rally, it will trail the Nasdaq-100. That's the price of the monthly check.
• Full downside. Option premium only softens a selloff a little. A 25% drop in the Nasdaq-100 is going to hurt.
• Variable payouts. The payout ranged from $0.43190 to $0.51923 in 2026 alone. Don't budget your rent around one specific number.
• Active management. The overwrite level is a judgment call by the portfolio managers. Good calls help, bad calls hurt.
• Short history. Three years old, and it hasn't lived through a long bear market yet.

My Take

$GPIQ is one of the best-built Nasdaq-100 income funds out there right now. It's cheap, it's big, it has grown its payout about 11% year over year, and it's kept pace with the market better than almost any covered call fund I track.

Who's it for? Someone who wants monthly income from big tech without giving up most of the growth, and who can stomach tech-sized swings. If you want calmer, look at its sibling $GPIX. If you want the biggest yield possible, this isn't it. Personally, I'd rather own a 10% payer that grows than a 15% payer that shrinks. That's been the whole lesson of my 10+ years of dividend investing.

For more ideas, see my list of the best ETFs for monthly income in 2026 or browse every monthly dividend ETF we track. And if you want live yields and price decay for all of these side by side, that's what TopDividendETFsPRO is for.

$GPIQ Dividend FAQ

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Sponsored By Read carefully before investing. Prospectus: https://lsfunds.com/hubfs/Regulatory/Prospectus.pdf?hsLang=en