About Onyx Acquisition Co. I (ONYX) — Dividend Analysis 2026
Onyx Acquisition Co. I does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on general industrials sectors, such as aerospace and defense, air freight and logistics, airlines, building products, commercial services and supplies, construction and engineering, electrical equipment, industrial conglomerates, machinery, marine, professional services, road and rail, distributors, and transportation infrastructure, as well as the construction technology sector. The company was formerly known as Jumpball Construction Tech. Onyx Acquisition Co. I was incorporated in 2021 and is based in New York, New York.
Is ONYX a good dividend investment in 2026?
ONYX offers a 17.56% forward yield with a 50% payout ratio. Strand Safety Score: 45/100 (Moderate Risk). The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
ONYX DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your ONYX portfolio grows to $50.4K vs $27.6K without reinvestment. This is the compound interest effect in action.
ONYX dividend growth history & forecast
ONYX has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 17.56%.
Company generates negative FCF ($-998,361) — borrowing to pay dividends
Debt Leverage0.0× Debt/EBITDA
30 / 30 pts
30/30
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.0B → +0.0B → -0.0B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
Dividend at moderate risk — monitor coverage and debt closely.
STRAND SCORE
45
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 ONYX Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold ONYX.
Gross yield
17.56%
Tax rate
15.00%
After-tax yield
14.93%
Real yield (−CPI)
12.13%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
17.56%
14.76%
$1,756 / yr
🇺🇸 US Taxable (15%) ✓
15%
14.93%
12.13%
$1,493 / yr
🇺🇸 US Taxable (20%)
20%
14.05%
11.25%
$1,405 / yr
🇬🇧 UK ISA
0%
17.56%
14.76%
$1,756 / yr
🇬🇧 UK Taxable
8.75%
16.02%
13.22%
$1,602 / yr
🇨🇦 TFSA
0%
17.56%
14.76%
$1,756 / yr
🇨🇦 CA Taxable
25%
13.17%
10.37%
$1,317 / yr
🇦🇺 Super (pension)
15%
14.93%
12.13%
$1,493 / yr
🇦🇺 AU Taxable
30%
12.29%
9.49%
$1,229 / yr
🇩🇪 DE Taxable
26.375%
12.93%
10.13%
$1,293 / yr
🇫🇷 FR Taxable
30%
12.29%
9.49%
$1,229 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 ONYX Income Goal & Break-Even
Dividend Break-Even
7yr
Years for dividends to fully repay your ONYX investment of $11.39/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$30.2K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$27.7K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in ONYX for:
Shares needed
14,118
Capital required
$160,804
Monthly income
$2,000
Based on current dividend of $2.00/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 ONYX Dividend Payment Schedule
ONYX pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$4.25 / payment
$17.00 / year after tax
100 shares
$42.50 / payment
$170.00 / year after tax
1,000 shares
$425.00 / payment
$1700.00 / year after tax
📊 ONYX vs Financial Services Benchmarks
How ONYX compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▲+14.66% vs sectorBetter
ONYX
17.56%
avg
2.90%
5Y Dividend CAGR▼-7.10% vs sectorBelow avg
ONYX
0.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
ONYX
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for ONYX sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ ONYX Insider Activity
▼ 2 Sales
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
Insider
Title
Type
Date
Shares
Price
Total Value
CARRONADE CAPITAL MANAGEMENT, LP
10 percent owner
J-Other
2024-11-13
814,082
$11.42
$9.30M
Onyx Acquisition Sponsor Co. LLC
10 percent owner
D-Return
2024-11-14
6,522,499
—
—
Lehmann Michael Ryan
director
D-Return
2024-11-14
30,000
—
—
Neto Edmar Prado Lopes
director
D-Return
2024-11-14
30,000
—
—
Kertesz Ana Soban Fernandes
director
D-Return
2024-11-14
30,000
—
—
CARRONADE CAPITAL MANAGEMENT, LP
10 percent owner
Sale
2024-04-15
180,000
$11.10
$2.00M
CARRONADE CAPITAL MANAGEMENT, LP
10 percent owner
Sale
2023-07-24
5,918
$11.26
$66.6K
VR Global Partners, L.P.
10 percent owner
J-Other
2023-07-21
1,500,000
$10.85
$16.27M
Onyx Acquisition Sponsor Co. LLC
director
C-Conversion
2023-01-26
6,522,500
$0.00
$652.00
Onyx Acquisition Sponsor Co. LLC
director
C-Conversion
2023-01-26
6,522,500
—
—
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
🔬
Financial Health Scores
Altman Z-Score
1.40
🔴 Distress Zone — elevated dividend cut risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
1/9
🔴 Weak fundamentals — dividend safety concern
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the ONYX dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →