OXLC Dividend Calculator
Oxford Lane Capital Corp — Project your returns with dividend reinvestment (DRIP). Pays monthly.
Scenarios
Three realistic paths for high-yield funds: yield holds, yield compresses, yield normalizes. Click any card to load it.
This projection holds the yield constant. Deciding whether that assumption is reasonable means looking at what drives the payout: the underlying company or holdings, their earnings outlook and volatility. Koyfin lets you compare that assumption with the stock's actual history and outlook.
Research in Koyfin →7-day full-access trial · 20% off paid plansWhat is OXLC?
OXLC is an income-focused ETF issued by Oxford Lane. Closed-end fund investing in CLO equity tranches. Monthly distributions with high yield.
How OXLC generates income
OXLC is an income-focused ETF issued by Oxford Lane. Closed-end fund investing in CLO equity tranches. Monthly distributions with high yield.
The fund is designed for investors who prioritize regular income distributions. The yield comes from a combination of dividends from the underlying holdings and any income-generating strategies the fund employs.
About the OXLC Dividend Calculator
This OXLC dividend calculator projects how your position grows with and without DRIP (Dividend Reinvestment). Every input is prefilled with live OXLC data — current price, latest per-share distribution, detected payment frequency, and historical CAGR — so you can hit calculate immediately, or override any field to model your own assumptions.
The OXLC DRIP calculator runs two parallel scenarios: one where every distribution is reinvested into more OXLC shares, and one where distributions are taken as cash and never compounded. The gap between the two curves is the compounding premium — the extra wealth you build by letting OXLC dividends buy more shares over time. Extra monthly contributions, tax rates, and custom dividend growth rates are all supported, and every calculation runs in your browser with no additional API calls after page load.
Why this calculator is more accurate than most
Traditional DRIP calculators treat dividend-per-share and share-price as two independent quantities that grow at their own separate rates. That works fine for stocks like SCHD or KO, where management sets the payout and the stock price moves with the business. It breaks badly for option-income ETFs like MSTY, NVDY, or TSLY, where distributions are sourced from option premium on the underlying — meaning the dividend dollar is mechanically a fraction of NAV, not a separate variable. Let those two quantities compound independently and you get absurd outputs (trillion-dollar portfolios from $10K) because the implied yield silently grows to 400%+ as price collapses faster than the dollar dividend.
We solve this with two projection modes. Dividend Growth mode is the standard model — correct for dividend-growth stocks and traditional income ETFs. Yield-on-NAV mode (auto-selected when starting yield exceeds 20%) locks the forward yield and recomputes distributions each year asyield × current NAV, so as price falls, dividend-per-share falls proportionally. This matches the physics of option-income funds and produces realistic projections instead of fantasy numbers.
You can toggle between the two modes above the input form. For OXLC, dividend-growth mode is the default and matches how most investors think about this asset.
Yield on Cost — the metric that matters for OXLC long-term holders
The yearly projection table includes a YoC (Yield on Cost) column. Yield on cost is your annual dividend income divided by what you originally paid — not by what OXLC is worth today. For a dividend-growth ETF, this is the single most important long-term number, because it reflects how the rising payout compounds against your fixed cost basis. A OXLC position bought today might yield 48.5% up front, but at historical dividend growth rates it can compound to a 7-12% YoC over 15-20 years without you adding a dollar. That is the "snowball" effect long-term OXLC holders are paying for, and it is invisible if you only look at headline yield.
The two levers that change results the most are the growth assumptions and the holding period. For a volatile, high-yield fund, a 0% or slightly negative growth assumption is usually more realistic than extrapolating a historical CAGR, because distribution levels often decay as implied volatility normalizes. For stable dividend ETFs and index funds, the 5Y CAGR is a reasonable baseline. The OXLC dividend history page shows every past payment in detail.