Is ARBTF or GBDC a better dividend investment in 2026?

ARBTF currently yields 2642.01% with a 5% 5-year dividend growth rate. GBDC yields 11.85% with 5% growth. The better choice depends on your goal: ARBTF offers higher current income.

What is the dividend yield difference between ARBTF and GBDC?

ARBTF has a forward dividend yield of 2642.01% ($2.00/share annually). GBDC yields 11.85% ($1.50/share annually). The yield gap is 2630.16 percentage points.

Home › Compare › ARBTF vs GBDC

ARBTF vs GBDC: Dividend Comparison 2026

ARBTF yields 2642.01% · GBDC yields 11.85%● Live data

vsPost on X →

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

🏆 ARBTF wins by $135925508330.58M in total portfolio value

INVESTMENT

TIME HORIZON10 years

ARBTF

● Live price

2642.01%

Share price

$0.08

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$135925508351.36M

Annual income

$126,506,271,517,505,810.00

Full ARBTF calculator →

GBDC

● Live price

11.85%

Share price

$12.66

Annual div

$1.50

5Y div CAGR

51.1%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$20.78M

Annual income

$16,389,263.41

Full GBDC calculator →

Portfolio growth — ARBTF vs GBDC

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

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

ARBTF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

ARBTF

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

$224,570.67/yr

After 10yr DRIP, annual income (after tax)

$107,530,330,789,879,940.00/yr

GBDC

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

$1,007.11/yr

After 10yr DRIP, annual income (after tax)

$13,930,873.90/yr

At 15% tax rate, ARBTF beats the other by $107,530,330,775,949,060.00/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 ARBTF + GBDC for your $10,000?

ARBTF: 50%GBDC: 50%

100% GBDC50/50100% ARBTF

Portfolio after 10yr

$67962754186.07M

Annual income

$63,253,135,766,947,540.00/yr

Blended yield

93.07%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

ARBTF

No analyst data

Altman Z

-3.9

Piotroski

3/9

GBDC

Analyst Ratings

Buy

Hold

Consensus: Buy

Price Target

$14.00

+10.6% 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)

ARBTF buys

GBDC buys

Politician	Chamber	Ticker	Type	Amount	Date
David P. Joyce	🏢 House	$GBDC	▼ Sell	$1,001 - $15,000	2023-06-30
David P. Joyce	🏢 House	$GBDC	▼ Sell	$15,001 - $50,000	2023-06-19
David P. Joyce	🏢 House	$GBDC	▼ Sell	$15,001 - $50,000	2022-07-14
David P. Joyce	🏢 House	$GBDC	▼ Sell	$15,001 - $50,000	2022-07-12
Teresa Leger Fernandez	🏢 House	$GBDC	▼ Sell	$15,001 - $50,000	2021-01-20
David P. Joyce	🏢 House	$GBDC	▲ Buy	$1,001 - $15,000	2020-02-25
David P. Joyce	🏢 House	$GBDC	▲ Buy	$15,001 - $50,000	2019-05-30

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

MetricARBTFGBDC

Forward yield	2642.01% ✓	11.85%
Annual dividend / share	$2.00 ✓	$1.50
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	0%	51.1% ✓
Portfolio after 10y	$135925508351.36M ✓	$20.78M
Annual income after 10y	$126,506,271,517,505,810.00 ✓	$16,389,263.41
Total dividends collected	$135269570773.04M ✓	$20.36M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	ARBTF Portfolio	ARBTF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$274,901	$264,200.79	$12,490	$1,790.28	+$262.4K → ARBTF
2	$7,081,902	$6,787,757.69	$16,522	$3,157.73	+$7.07M → ARBTF
3	$171,001,864	$163,424,229.17	$23,578	$5,898.68	+$170.98M → ARBTF
4	$3,870,910,128	$3,687,938,134.09	$37,115	$11,886.75	+$3870.87M → ARBTF
5	$82,162,978,281	$78,021,104,443.86	$66,136	$26,423.57	+$82162.91M → ARBTF
6	$1,635,630,845,935	$1,547,716,459,173.72	$137,257	$66,491.44	+$1635630.71M → ARBTF
7	$30,545,102,421,873	$28,794,977,416,722.95	$341,734	$194,868.54	+$30545102.08M → ARBTF
8	$535,244,809,104,213	$502,561,549,512,808.50	$1,050,788	$685,133.02	+$535244808.05M → ARBTF
9	$8,803,025,078,365,751	$8,230,313,132,624,244.00	$4,099,314	$2,974,971.01	+$8803025074.27M → ARBTF
10	$135,925,508,351,357,170	$126,506,271,517,505,810.00	$20,775,530	$16,389,263.41	+$135925508330.58M → ARBTF

ARBTF vs GBDC: Complete Analysis 2026

ARBTF — Stock

Argo Gold Inc., a development stage company, focuses on the exploration and development of mineral properties in northwestern Ontario. The company explores for gold, silver, cobalt, and zinc deposits. Its flagship project is the 100% owned Uchi gold project covering 22 square kilometers located to the west of Uchi Lake in the Birch-Uchi Greenstone Belt, Ontario; and the 100% owned Talbot Lake gold project covering 760 hectares located in the Uchi geological sub-province. The company was formerly known as Arbitrage Exploration Inc. and changed its name to Argo Gold Inc. in September 2016. Argo Gold Inc. was incorporated in 1995 and is based in Toronto, Canada.

Full ARBTF 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.