Is BWAGF or GBDC a better dividend investment in 2026?

BWAGF currently yields 4.95% 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 BWAGF and GBDC?

BWAGF has a forward dividend yield of 4.95% ($7.27/share annually). GBDC yields 11.85% ($1.50/share annually). The yield gap is 6.90 percentage points.

Home › Compare › BWAGF vs GBDC

BWAGF vs GBDC: Dividend Comparison 2026

BWAGF yields 4.95% · GBDC yields 11.85%● Live data

vsPost on X →

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

🏆 BWAGF wins by $5761.19M in total portfolio value· pulled ahead in Year 5

INVESTMENT

TIME HORIZON10 years

BWAGF

● Live price

4.95%

Share price

$147.00

Annual div

$7.27

5Y div CAGR

100%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$5781.97M

Annual income

$5,565,772,680.53

Full BWAGF 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 — BWAGF vs GBDC

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

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

BWAGF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

BWAGF

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

$420.37/yr

After 10yr DRIP, annual income (after tax)

$4,730,906,778.45/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, BWAGF beats the other by $4,716,975,904.55/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

BWAGF: 50%GBDC: 50%

100% GBDC50/50100% BWAGF

Portfolio after 10yr

$2901.37M

Annual income

$2,791,080,971.97/yr

Blended yield

96.20%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

BWAGF

Analyst Ratings

Buy

Consensus: Buy

Altman Z

-0.4

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.

🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

BWAGF buys

GBDC buys

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

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

MetricBWAGFGBDC

Forward yield	4.95%	11.85% ✓
Annual dividend / share	$7.27 ✓	$1.50
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	100% ✓	51.1%
Portfolio after 10y	$5781.97M ✓	$20.78M
Annual income after 10y	$5,565,772,680.53 ✓	$16,389,263.41
Total dividends collected	$5766.79M ✓	$20.36M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC
Analyst consensus	Buy	Buy

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

Year	BWAGF Portfolio	BWAGF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1	$11,689	$989.12	$12,490	$1,790.28	$801.00 → GBDC
2	$14,668	$2,161.10	$16,522	$3,157.73	$1.9K → GBDC
3	$20,764	$5,069.02	$23,578	$5,898.68	$2.8K → GBDC
4	$35,630	$13,412.27	$37,115	$11,886.75	$1.5K → GBDC
5← crossover	$81,142	$43,017.80	$66,136	$26,423.57	+$15.0K → BWAGF
6	$269,937	$183,114.82	$137,257	$66,491.44	+$132.7K → BWAGF
7	$1,427,472	$1,138,639.63	$341,734	$194,868.54	+$1.09M → BWAGF
8	$12,782,205	$11,254,809.81	$1,050,788	$685,133.02	+$11.73M → BWAGF
9	$202,051,664	$188,374,704.81	$4,099,314	$2,974,971.01	+$197.95M → BWAGF
10	$5,781,967,961	$5,565,772,680.53	$20,775,530	$16,389,263.41	+$5761.19M → BWAGF

BWAGF vs GBDC: Complete Analysis 2026

BWAGF — Stock

BAWAG Group AG operates as a holding company for BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft that provides various banking products and services in Austria, Western Europe, North America, and internationally. The company's Retail & SME segment offers savings, payments, cards, lending, investment, and insurance products and services; small business lending; factoring and leasing business; social housing activities; and real estate leasing platforms. Its Corporates & Public segment provides lending products to international corporates; international real estate financing; corporate, mid-cap, and public lending; and other financial services. The company's Treasury segment offers trading and investment services, such as asset-liability management transactions, including secured and unsecured funding. The company is headquartered in Vienna, Austria.

Full BWAGF 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.