Is BFZ or JEPQ a better dividend investment in 2026?

BFZ currently yields 5.49% with a 5% 5-year dividend growth rate. JEPQ yields 11.10% with 5% growth. The better choice depends on your goal: JEPQ offers higher current income.

What is the dividend yield difference between BFZ and JEPQ?

BFZ has a forward dividend yield of 5.49% ($0.61/share annually). JEPQ yields 11.10% ($6.16/share annually). The yield gap is 5.61 percentage points.

Home › Compare › BFZ vs JEPQ

BFZ vs JEPQ: Dividend Comparison 2026

BFZ yields 5.49% · JEPQ yields 11.10%● Live data

vsPost on X →

After 10 years · $10,000 invested · DRIP enabled

🏆 BFZ wins by $4.36M in total portfolio value· pulled ahead in Year 3

INVESTMENT

TIME HORIZON10 years

BFZ

● Live price

5.49%

Share price

$11.11

Annual div

$0.61

5Y div CAGR

59.7%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$4.41M

Annual income

$3,310,354.22

Full BFZ calculator →

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

● Live price

11.10%

Share price

$55.52

Annual div

$6.16

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$44.8K

Annual income

$2,152.59

Full JEPQ calculator →

Portfolio growth — BFZ vs JEPQ

📍 BFZ pulled ahead of the other in Year 3

Annual dividend income

🛡️

Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis Period	BFZ	JEPQ
2008–2009 GFC	— No data	— No data
2020 Q1–Q2 COVID	— No data	— No data
2022 Q4 Rate Hike	— No data	— No data

Based on dividend payment history. "Increased" = dividend grew during crisis. "Maintained" = held within 3%. "Cut" = reduced by more than 3%.

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Dividend Calendar Overlap

Combined, BFZ + JEPQ cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

BFZ pays

JEPQ pays

Both pay

Neither

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Tax Bracket Optimizer

Which stock is actually better after tax? Adjust your rate to find out.

BFZ

Annual income on $10K today (after 15% tax)

$466.70/yr

After 10yr DRIP, annual income (after tax)

$2,813,801.09/yr

JEPQ

Annual income on $10K today (after 15% tax)

$943.83/yr

After 10yr DRIP, annual income (after tax)

$1,829.70/yr

At 15% tax rate, BFZ beats the other by $2,811,971.39/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

What's the optimal mix of BFZ + JEPQ for your $10,000?

BFZ: 50%JEPQ: 50%

100% JEPQ50/50100% BFZ

Portfolio after 10yr

$2.23M

Annual income

$1,656,253.40/yr

Blended yield

74.37%

🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

BFZ buys

JEPQ buys

No recent congressional trades found for BFZ or JEPQ in the last 90 days.

STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →

MetricBFZJEPQ

Forward yield	5.49%	11.10% ✓
Annual dividend / share	$0.61	$6.16 ✓
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	59.7% ✓	0%
Portfolio after 10y	$4.41M	$44.8K ✓
Annual income after 10y	$3,310,354.22 ✓	$2,152.59
Total dividends collected	$4.28M	$16.3K ✓
Payment frequency	quarterly	monthly
Sector	Stock	ETF

Year-by-year: BFZ vs JEPQ ($10,000, DRIP)

Year	BFZ Portfolio	BFZ Income/yr	JEPQ Portfolio	JEPQ Income/yr	Gap
1	$11,577	$876.84	$11,930	$1,110.39	$353.00 → JEPQ
2	$13,902	$1,515.07	$14,133	$1,224.34	$231.00 → JEPQ
3← crossover	$17,591	$2,715.50	$16,632	$1,340.46	+$959.00 → BFZ
4	$23,951	$5,128.30	$19,454	$1,457.97	+$4.5K → BFZ
5	$36,048	$10,421.30	$22,626	$1,576.08	+$13.4K → BFZ
6	$61,982	$23,410.62	$26,175	$1,694.09	+$35.8K → BFZ
7	$126,399	$60,078.12	$30,133	$1,811.32	+$96.3K → BFZ
8	$318,105	$182,857.80	$34,531	$1,927.17	+$283.6K → BFZ
9	$1,027,220	$686,847.68	$39,403	$2,041.08	+$987.8K → BFZ
10	$4,409,480	$3,310,354.22	$44,787	$2,152.59	+$4.36M → BFZ

BFZ vs JEPQ: Complete Analysis 2026

BFZ — Stock

BlackRock California Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds that are exempt from regular federal and California income taxes. BlackRock California Municipal Income Trust was formed on July 31, 2001 and is domiciled in United States.

Full BFZ Calculator →

JEPQ — ETF

The fund seeks to achieve this objective by (1) creating an actively managed portfolio of equity securities comprised significantly of those included in the fund’s primary benchmark, the Nasdaq-100 Index (the Benchmark), and (2) through equity-linked notes (ELNs), selling call options with exposure to the Benchmark. It is non-diversified.

Full JEPQ Calculator →

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⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.