Is BLRDF or GBDC a better dividend investment in 2026?

BLRDF currently yields 4.43% with a 5% 5-year dividend growth rate. GBDC yields 11.85% with 5% growth. The better choice depends on your goal: GBDC offers higher current income.

What is the dividend yield difference between BLRDF and GBDC?

BLRDF has a forward dividend yield of 4.43% ($0.36/share annually). GBDC yields 11.85% ($1.50/share annually). The yield gap is 7.42 percentage points.

Home › Compare › BLRDF vs GBDC

BLRDF vs GBDC: Dividend Comparison 2026

BLRDF yields 4.43% · GBDC yields 11.85%● Live data

vsPost on X →

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

🏆 GBDC wins by $20.75M in total portfolio value

INVESTMENT

TIME HORIZON10 years

BLRDF

● Live price

4.43%

Share price

$8.20

Annual div

$0.36

5Y div CAGR

-12.6%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$23.3K

Annual income

$135.86

Full BLRDF 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 — BLRDF 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 Period	BLRDF	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, BLRDF + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

BLRDF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

BLRDF

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

$376.90/yr

After 10yr DRIP, annual income (after tax)

$115.48/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 $13,930,758.42/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 BLRDF + GBDC for your $10,000?

BLRDF: 50%GBDC: 50%

100% GBDC50/50100% BLRDF

Portfolio after 10yr

$10.40M

Annual income

$8,194,699.63/yr

Blended yield

78.80%

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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

BLRDF

Analyst Ratings

Buy

Hold

Consensus: Hold

Price Target

$150.00

+1729.3% upside vs current

Range: $150.00 — $150.00

Altman Z

1.6

Piotroski

6/9

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)

BLRDF buys

GBDC buys

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

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

MetricBLRDFGBDC

Forward yield	4.43%	11.85% ✓
Annual dividend / share	$0.36	$1.50 ✓
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	-12.6%	51.1% ✓
Portfolio after 10y	$23.3K ✓	$20.78M
Annual income after 10y	$135.86	$16,389,263.41 ✓
Total dividends collected	$2.5K	$20.36M ✓
Payment frequency	quarterly	quarterly
Sector	Stock	BDC
Analyst consensus	Hold	Buy
Analyst price target	$150.00 ✓	$14.00

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

Year	BLRDF Portfolio	BLRDF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$11,088	$387.54	$12,490	$1,790.28	$1.4K → GBDC
2	$12,215	$350.98	$16,522	$3,157.73	$4.3K → GBDC
3	$13,386	$315.83	$23,578	$5,898.68	$10.2K → GBDC
4	$14,605	$282.71	$37,115	$11,886.75	$22.5K → GBDC
5	$15,880	$251.96	$66,136	$26,423.57	$50.3K → GBDC
6	$17,215	$223.77	$137,257	$66,491.44	$120.0K → GBDC
7	$18,618	$198.15	$341,734	$194,868.54	$323.1K → GBDC
8	$20,096	$175.04	$1,050,788	$685,133.02	$1.03M → GBDC
9	$21,657	$154.33	$4,099,314	$2,974,971.01	$4.08M → GBDC
10	$23,309	$135.86	$20,775,530	$16,389,263.41	$20.75M → GBDC

BLRDF vs GBDC: Complete Analysis 2026

BLRDF — Stock

BillerudKorsnäs AB (publ) provides fiber based packaging materials and solutions in Sweden and internationally. It operates through three segments: Product area Board, Product area Paper, and Solutions & Other. The company offers kraft papers for medical equipment and food packaging sectors; and sack papers for making sacks. It also provides packaging solutions and systems for brand owners; and manufactures and sells liquid packaging and carton boards, as well as fluting and liners. The company serves packaging manufacturers, brand owners, and large retail and supermarket chains. BillerudKorsnäs AB (publ)was incorporated in 1926 and is headquartered in Solna, Sweden.

Full BLRDF 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.