Is AFSI or GBDC a better dividend investment in 2026?

AFSI currently yields 13.56% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: AFSI offers higher current income.

What is the dividend yield difference between AFSI and GBDC?

AFSI has a forward dividend yield of 13.56% ($2.00/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 1.70 percentage points.

Home › Compare › AFSI vs GBDC

AFSI vs GBDC: Dividend Comparison 2026

AFSI yields 13.56% · GBDC yields 11.86%● Live data

vsPost on X →

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

🏆 AFSI wins by $3508760.15M in total portfolio value

INVESTMENT

TIME HORIZON10 years

AFSI

● Live price

13.56%

Share price

$14.75

Annual div

$2.00

5Y div CAGR

100%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$3508781.00M

Annual income

$3,459,764,049,611.73

Full AFSI calculator →

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 — AFSI vs GBDC

📍 AFSI 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 Period	AFSI	GBDC
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, AFSI + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

AFSI 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.

AFSI

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

$1,152.54/yr

After 10yr DRIP, annual income (after tax)

$2,940,799,442,169.97/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, AFSI beats the other by $2,940,785,459,046.22/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 AFSI + GBDC for your $10,000?

AFSI: 50%GBDC: 50%

100% GBDC50/50100% AFSI

Portfolio after 10yr

$1754400.93M

Annual income

$1,729,890,250,172.78/yr

Blended yield

98.60%

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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

AFSI

No analyst data

GBDC

Analyst Ratings

Buy

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)

AFSI buys

GBDC buys

No recent congressional trades found for AFSI or GBDC in the last 90 days.

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

MetricAFSIGBDC

Forward yield	13.56% ✓	11.86%
Annual dividend / share	$2.00 ✓	$1.50
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	100% ✓	51.1%
Portfolio after 10y	$3508781.00M ✓	$20.85M
Annual income after 10y	$3,459,764,049,611.73 ✓	$16,450,733.83
Total dividends collected	$3505493.23M ✓	$20.43M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	AFSI Portfolio	AFSI Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$13,412	$2,711.86	$12,492	$1,791.70	+$920.00 → AFSI
2	$21,149	$6,798.35	$16,527	$3,160.58	+$4.6K → AFSI
3	$42,667	$20,037.85	$23,588	$5,904.90	+$19.1K → AFSI
4	$121,216	$75,561.76	$37,141	$11,901.65	+$84.1K → AFSI
5	$530,948	$401,247.23	$66,205	$26,463.38	+$464.7K → AFSI
6	$3,853,234	$3,285,119.37	$137,452	$66,612.65	+$3.72M → AFSI
7	$48,685,573	$44,562,612.90	$342,372	$195,298.53	+$48.34M → AFSI
8	$1,104,520,085	$1,052,426,521.42	$1,053,292	$686,954.33	+$1103.47M → AFSI
9	$45,810,238,074	$44,628,401,582.97	$4,111,439	$2,984,416.95	+$45806.13M → AFSI
10	$3,508,781,004,350	$3,459,764,049,611.73	$20,849,974	$16,450,733.83	+$3508760.15M → AFSI

AFSI vs GBDC: Complete Analysis 2026

AFSI — Stock

AFSI is a dividend-paying stock. Use this calculator to estimate your future dividend income, DRIP compounding returns, and passive income potential from investing in AFSI shares.

Full AFSI Calculator →

GBDC — BDC

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.