diff --git a/lib/jwt/encoded_token.rb b/lib/jwt/encoded_token.rb
index d31d9b6a..0e76aec1 100644
--- a/lib/jwt/encoded_token.rb
+++ b/lib/jwt/encoded_token.rb
@@ -125,10 +125,8 @@ def verify_signature!(algorithm:, key: nil, key_finder: nil)
 
       key ||= key_finder.call(self)
 
-      if valid_signature?(algorithm: algorithm, key: key)
-        @signature_verified = true
-        return
-      end
+      return if valid_signature?(algorithm: algorithm, key: key)
+
       raise JWT::VerificationError, 'Signature verification failed'
     end
 
@@ -138,11 +136,13 @@ def verify_signature!(algorithm:, key: nil, key_finder: nil)
     # @param key [String, Array<String>] the key(s) to use for verification.
     # @return [Boolean] true if the signature is valid, false otherwise.
     def valid_signature?(algorithm:, key:)
-      Array(JWA.resolve_and_sort(algorithms: algorithm, preferred_algorithm: header['alg'])).any? do |algo|
+      valid = Array(JWA.resolve_and_sort(algorithms: algorithm, preferred_algorithm: header['alg'])).any? do |algo|
         Array(key).any? do |one_key|
           algo.verify(data: signing_input, signature: signature, verification_key: one_key)
         end
       end
+
+      valid.tap { |verified| @signature_verified = verified }
     end
 
     # Verifies the claims of the token.
diff --git a/spec/jwt/encoded_token_spec.rb b/spec/jwt/encoded_token_spec.rb
index fd48fa85..42008da5 100644
--- a/spec/jwt/encoded_token_spec.rb
+++ b/spec/jwt/encoded_token_spec.rb
@@ -51,12 +51,26 @@
   end
 
   describe '#payload' do
-    context 'when token is verified' do
+    context 'when token is verified using #verify_signature!' do
       before { token.verify_signature!(algorithm: 'HS256', key: 'secret') }
 
       it { expect(token.payload).to eq(payload) }
     end
 
+    context 'when token is checked using #valid_signature?' do
+      before { token.valid_signature?(algorithm: 'HS256', key: 'secret') }
+
+      it { expect(token.payload).to eq(payload) }
+    end
+
+    context 'when token is verified using #valid_signature? but is not valid' do
+      before { token.valid_signature?(algorithm: 'HS256', key: 'wrong') }
+
+      it 'raises an error' do
+        expect { token.payload }.to raise_error(JWT::DecodeError, 'Verify the token signature before accessing the payload')
+      end
+    end
+
     context 'when token is not verified' do
       it 'raises an error' do
         expect { token.payload }.to raise_error(JWT::DecodeError, 'Verify the token signature before accessing the payload')