HomeCompareBHWB vs GBDC

BHWB vs GBDC: Dividend Comparison 2026

BHWB yields 1.80% · GBDC yields 11.85%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.22M in total portfolio value
10 years
BHWB
BHWB
● Live price
1.80%
Share price
$33.35
Annual div
$0.60
5Y div CAGR
69.3%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$551.6K
Annual income
$352,383.60
Full BHWB calculator →
GBDC
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 — BHWB 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 PeriodBHWBGBDC
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, BHWB + GBDC cover 0 of 12 monthsgood coverage

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

Tax Bracket Optimizer

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

BHWB
Annual income on $10K today (after 15% tax)
$152.92/yr
After 10yr DRIP, annual income (after tax)
$299,526.06/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, GBDC beats the other by $13,631,347.84/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

BHWB: 50%GBDC: 50%
100% GBDC50/50100% BHWB
Portfolio after 10yr
$10.66M
Annual income
$8,370,823.50/yr
Blended yield
78.50%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

BHWB
No analyst data
Altman Z
2.6
Piotroski
5/9
GBDC
Analyst Ratings
6
Buy
5
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.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

BHWB buys
0
GBDC buys
2
PoliticianChamberTickerTypeAmountDate
David P. Joyce🏢 House$GBDC▼ Sell$1,001 - $15,0002023-06-30
David P. Joyce🏢 House$GBDC▼ Sell$15,001 - $50,0002023-06-19
David P. Joyce🏢 House$GBDC▼ Sell$15,001 - $50,0002022-07-14
David P. Joyce🏢 House$GBDC▼ Sell$15,001 - $50,0002022-07-12
Teresa Leger Fernandez🏢 House$GBDC▼ Sell$15,001 - $50,0002021-01-20
David P. Joyce🏢 House$GBDC▲ Buy$1,001 - $15,0002020-02-25
David P. Joyce🏢 House$GBDC▲ Buy$15,001 - $50,0002019-05-30
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricBHWBGBDC
Forward yield1.80%11.85%
Annual dividend / share$0.60$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR69.3%51.1%
Portfolio after 10y$551.6K$20.78M
Annual income after 10y$352,383.60$16,389,263.41
Total dividends collected$511.6K$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearBHWB PortfolioBHWB Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$11,005$304.59$12,490$1,790.28$1.5KGBDC
2$12,305$530.35$16,522$3,157.73$4.2KGBDC
3$14,105$938.32$23,578$5,898.68$9.5KGBDC
4$16,794$1,701.78$37,115$11,886.75$20.3KGBDC
5$21,176$3,205.98$66,136$26,423.57$45.0KGBDC
6$29,054$6,396.09$137,257$66,491.44$108.2KGBDC
7$44,973$13,885.37$341,734$194,868.54$296.8KGBDC
8$82,129$34,007.77$1,050,788$685,133.02$968.7KGBDC
9$186,142$98,264.05$4,099,314$2,974,971.01$3.91MGBDC
10$551,556$352,383.60$20,775,530$16,389,263.41$20.22MGBDC

BHWB vs GBDC: Complete Analysis 2026

BHWBStock

Blackhawk Bancorp, Inc., a financial holding company, provides various banking products and services in the United States. The company offers personal banking products and services, including checking, savings, health savings, and money market accounts, as well as certificates of deposit; personal, auto, student, and home improvement and equity loans; and lines of credit and credit cards. It also provides business banking products and services, such as business checking, business interest checking, business sweep, small business checking, business NOW, health savings, and money market accounts; commercial, development, term, equipment/fixed asset, and small business administration loans; lines and letters of credit; receivables financing; and corporate credit cards, as well as treasury management solutions. In addition, the company offers payments and transfer, mortgages lending, financial planning, wealth management, security brokerage, investment management, commercial banking, and online and mobile banking services, as well as installment loans. It serves individual, corporate, institutional, and governmental customers through its 11 full-services banking centers in northern Illinois and southern Wisconsin. The company was founded in 1881 and is headquartered in Beloit, Wisconsin.

Full BHWB 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.