Is BIIAF or GBDC a better dividend investment in 2026?

BIIAF currently yields 106.38% with a 5% 5-year dividend growth rate. GBDC yields 11.85% with 5% growth. The better choice depends on your goal: BIIAF offers higher current income.

What is the dividend yield difference between BIIAF and GBDC?

BIIAF has a forward dividend yield of 106.38% ($2.00/share annually). GBDC yields 11.85% ($1.50/share annually). The yield gap is 94.53 percentage points.

Home › Compare › BIIAF vs GBDC

BIIAF vs GBDC: Dividend Comparison 2026

BIIAF yields 106.38% · GBDC yields 11.85%● Live data

vsPost on X →

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

🏆 GBDC wins by $15.74M in total portfolio value· pulled ahead in Year 9

INVESTMENT

TIME HORIZON10 years

BIIAF

● Live price

106.38%

Share price

$1.88

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$5.04M

Annual income

$1,769,060.94

Full BIIAF 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 — BIIAF vs GBDC

📍 GBDC pulled ahead of the other in Year 9

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	BIIAF	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, BIIAF + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

BIIAF 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.

BIIAF

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

$9,042.55/yr

After 10yr DRIP, annual income (after tax)

$1,503,701.80/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 $12,427,172.10/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

BIIAF: 50%GBDC: 50%

100% GBDC50/50100% BIIAF

Portfolio after 10yr

$12.91M

Annual income

$9,079,162.17/yr

Blended yield

70.34%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

BIIAF

No analyst data

Altman Z

2.5

Piotroski

5/9

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)

BIIAF 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 →

MetricBIIAFGBDC

Forward yield	106.38% ✓	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	$5.04M	$20.78M ✓
Annual income after 10y	$1,769,060.94	$16,389,263.41 ✓
Total dividends collected	$4.53M	$20.36M ✓
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	BIIAF Portfolio	BIIAF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1	$21,338	$10,638.30	$12,490	$1,790.28	+$8.8K → BIIAF
2	$44,047	$21,215.25	$16,522	$3,157.73	+$27.5K → BIIAF
3	$88,059	$40,928.25	$23,578	$5,898.68	+$64.5K → BIIAF
4	$170,693	$76,470.42	$37,115	$11,886.75	+$133.6K → BIIAF
5	$321,175	$138,533.11	$66,136	$26,423.57	+$255.0K → BIIAF
6	$587,267	$243,609.90	$137,257	$66,491.44	+$450.0K → BIIAF
7	$1,044,675	$416,298.80	$341,734	$194,868.54	+$702.9K → BIIAF
8	$1,809,898	$692,096.64	$1,050,788	$685,133.02	+$759.1K → BIIAF
9← crossover	$3,057,206	$1,120,614.24	$4,099,314	$2,974,971.01	$1.04M → GBDC
10	$5,040,271	$1,769,060.94	$20,775,530	$16,389,263.41	$15.74M → GBDC

BIIAF vs GBDC: Complete Analysis 2026

BIIAF — Stock

Buhler Industries Inc., through its subsidiaries, manufactures and sells agricultural equipment in Canada, the United States, and internationally. Its principal products include tractors, bale carriers, grain augers, snow blowers, tillers, finishing mowers, feed processing equipment, tillage equipment, and hay and forage equipment. The company markets its products primarily under the Allied, Farm King, and Versatile brand names through a dealer/distribution network. It also maintains parts warehouses. The company was founded in 1932 and is headquartered in Winnipeg, Canada. Buhler Industries Inc. is a subsidiary of Combine Factory Rostselmash Ltd.

Full BIIAF 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.