HomeCompareAEMMF vs GBDC

AEMMF vs GBDC: Dividend Comparison 2026

AEMMF yields 4.50% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.72M in total portfolio value
10 years
AEMMF
AEMMF
● Live price
4.50%
Share price
$2.60
Annual div
$0.12
5Y div CAGR
36.7%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$133.2K
Annual income
$45,651.42
Full AEMMF calculator →
GBDC
GBDC
● Live price
11.86%
Share price
$12.65
Annual div
$1.50
5Y div CAGR
51.1%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$20.85M
Annual income
$16,450,733.83
Full GBDC calculator →

Portfolio growth — AEMMF vs GBDC

📍 GBDC pulled ahead of the other in Year 1

Annual dividend income

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Recession Test — Did They Cut Dividends?

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

Crisis PeriodAEMMFGBDC
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, AEMMF + GBDC cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
AEMMF pays
GBDC pays
Both pay
Neither
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Tax Bracket Optimizer

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

AEMMF
Annual income on $10K today (after 15% tax)
$382.50/yr
After 10yr DRIP, annual income (after tax)
$38,803.71/yr
GBDC
Annual income on $10K today (after 15% tax)
$1,007.91/yr
After 10yr DRIP, annual income (after tax)
$13,983,123.76/yr
At 15% tax rate, GBDC beats the other by $13,944,320.05/year in after-tax income after 10 years on $10,000
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Lazy Portfolio Split Optimizer

What's the optimal mix of AEMMF + GBDC for your $10,000?

AEMMF: 50%GBDC: 50%
100% GBDC50/50100% AEMMF
Portfolio after 10yr
$10.49M
Annual income
$8,248,192.63/yr
Blended yield
78.62%
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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

AEMMF
No analyst data
Altman Z
1.1
Piotroski
4/9
GBDC
Analyst Ratings
6
Buy
5
Hold
Consensus: Buy
Price Target
$14.00
+10.7% upside vs current
Range: $13.00 — $15.00
Altman Z
0.6
Piotroski
6/9
Analyst ratings via FMP. Altman Z-Score: >3.0 safe, 1.81–3.0 grey zone, <1.81 distress. Piotroski: 7–9 strong, 0–3 weak.
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Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

AEMMF buys
0
GBDC buys
0
No recent congressional trades found for AEMMF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricAEMMFGBDC
Forward yield4.50%11.86%
Annual dividend / share$0.12$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR36.7%51.1%
Portfolio after 10y$133.2K$20.85M
Annual income after 10y$45,651.42$16,450,733.83
Total dividends collected$102.7K$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC

Year-by-year: AEMMF vs GBDC ($10,000, DRIP)

YearAEMMF PortfolioAEMMF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$11,315$615.15$12,492$1,791.70$1.2KGBDC
2$12,996$889.25$16,527$3,160.58$3.5KGBDC
3$15,211$1,304.90$23,588$5,904.90$8.4KGBDC
4$18,227$1,951.18$37,141$11,901.65$18.9KGBDC
5$22,490$2,987.01$66,205$26,463.38$43.7KGBDC
6$28,773$4,708.62$137,452$66,612.65$108.7KGBDC
7$38,483$7,696.14$342,372$195,298.53$303.9KGBDC
8$54,328$13,150.57$1,053,292$686,954.33$999.0KGBDC
9$81,848$23,718.04$4,111,439$2,984,416.95$4.03MGBDC
10$133,229$45,651.42$20,849,974$16,450,733.83$20.72MGBDC

AEMMF vs GBDC: Complete Analysis 2026

AEMMFStock

A2A S.p.A. engages in the production, sale, and distribution of gas and electricity, and district heating in Italy and internationally. The company generates electricity through hydroelectric, thermoelectric, photovoltaic, cogeneration, waste treatment, and wind plants with a total installed capacity of 8.9 GW; and purchases and sells electricity, gas, fuels, and environmental certificates. It also engages in the production and sale of heat produced through district heating networks; waste management activities, including collection and street sweeping, treatment, disposal, and recovery of materials and energy; and the construction and management of integrated waste disposal plants and systems. In addition, the company offers integrated water cycle management services; and technical consultancy services relating to energy efficiency certificates. Further, it is involved in the management of public lighting and traffic regulation systems, votive lamps, street lights, and water purification and sewer activities, as well as offers energy efficiency and electric mobility services. Additionally, the company provides telecommunication services, including management of fixed and mobile phone lines, and data transmission lines; management and development of infrastructures to support communications; and implementation and management of video surveillance and access control systems, as well as designs solutions and applications for creating new models of cities and territories. A2A S.p.A. is headquartered in Brescia, Italy.

Full AEMMF Calculator →

GBDCBDC

Golub Capital BDC, Inc. (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. It typically invests in diversified consumer services, automobiles, healthcare technology, insurance, health care equipment and supplies, hotels, restaurants and leisure, healthcare providers and services, IT services and specialty retails. It seeks to invest in the United States. It primarily invests in first lien traditional senior debt, first lien one stop, junior debt and equity, senior secured, one stop, unitranche, second lien, subordinated and mezzanine loans of middle-market companies, and warrants.

Full GBDC 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.