HomeCompareAPPEF vs GBDC

APPEF vs GBDC: Dividend Comparison 2026

APPEF yields 200.00% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.77M in total portfolio value· pulled ahead in Year 5
10 years
APPEF
APPEF
● Live price
200.00%
Share price
$1.00
Annual div
$2.00
5Y div CAGR
-50%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$78.2K
Annual income
$77.60
Full APPEF 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 — APPEF vs GBDC

📍 GBDC pulled ahead of the other in Year 5

Annual dividend income

🛡️

Recession Test — Did They Cut Dividends?

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

Crisis PeriodAPPEFGBDC
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%.
📅

Dividend Calendar Overlap

Combined, APPEF + GBDC cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
APPEF pays
GBDC pays
Both pay
Neither
💰

Tax Bracket Optimizer

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

APPEF
Annual income on $10K today (after 15% tax)
$17,000.00/yr
After 10yr DRIP, annual income (after tax)
$65.96/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 $13,983,057.80/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

APPEF: 50%GBDC: 50%
100% GBDC50/50100% APPEF
Portfolio after 10yr
$10.46M
Annual income
$8,225,405.72/yr
Blended yield
78.61%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

APPEF
Analyst Ratings
1
Buy
Consensus: Buy
Altman Z
1.9
Piotroski
5/9
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.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

APPEF buys
0
GBDC buys
0
No recent congressional trades found for APPEF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricAPPEFGBDC
Forward yield200.00%11.86%
Annual dividend / share$2.00$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR-50%51.1%
Portfolio after 10y$78.2K$20.85M
Annual income after 10y$77.60$16,450,733.83
Total dividends collected$35.4K$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusBuyBuy

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

YearAPPEF PortfolioAPPEF Income/yrGBDC PortfolioGBDC Income/yrGap
1$20,700$10,000.00$12,492$1,791.70+$8.2KAPPEF
2$31,822$9,672.90$16,527$3,160.58+$15.3KAPPEF
3$40,998$6,948.62$23,588$5,904.90+$17.4KAPPEF
4$48,051$4,183.33$37,141$11,901.65+$10.9KAPPEF
5← crossover$53,706$2,291.13$66,205$26,463.38$12.5KGBDC
6$58,662$1,196.61$137,452$66,612.65$78.8KGBDC
7$63,379$610.76$342,372$195,298.53$279.0KGBDC
8$68,124$308.35$1,053,292$686,954.33$985.2KGBDC
9$73,048$154.88$4,111,439$2,984,416.95$4.04MGBDC
10$78,238$77.60$20,849,974$16,450,733.83$20.77MGBDC

APPEF vs GBDC: Complete Analysis 2026

APPEFStock

Appen Limited, together with its subsidiaries, operates as an AI lifecycle company that collects and labels image, text, speech, audio, video, and other data used to build and enhance artificial intelligence systems. It operates through two segments, Global Services and New Markets. The company offers data sourcing services, including image, video, speech, and text data collection services pre-labeled datasets of audio, image, video, and text; and language-based AI solutions. It also provides data preparation services comprising machine learning assisted data annotation tools, which include image annotation, video annotation, text, sensor, audio annotation, and other solutions; enterprise-ready data annotation platform, which offers smart labeling, workflows, in-platform audit, and enterprise analytics; and knowledge graph and ontology support services. The company was formerly known as Appen Holdings Pty Limited and changed its name to Appen Limited in October 2014. Appen Limited was founded in 1996 and is headquartered in Chatswood, Australia.

Full APPEF 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 →
📬

Get this APPEF vs GBDC comparison by email

Save your analysis + weekly dividend insights. Free forever.

More comparisons

APPEF vs SCHDAPPEF vs JEPIAPPEF vs OAPPEF vs KOAPPEF vs MAIN

⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.