Is CDL or GBDC a better dividend investment in 2026?

CDL currently yields 3.18% with a 5% 5-year dividend growth rate. GBDC yields 4.00% with 5% growth. The better choice depends on your goal: GBDC offers higher current income.

What is the dividend yield difference between CDL and GBDC?

CDL has a forward dividend yield of 3.18% ($2.37/share annually). GBDC yields 4.00% ($2.00/share annually). The yield gap is 0.82 percentage points.

Home › Compare › CDL vs GBDC

CDL vs GBDC: Dividend Comparison 2026

CDL yields 3.18% · GBDC yields 4.00%● Live data

vsPost on X →

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

🏆 GBDC wins by $3.5K in total portfolio value

INVESTMENT

TIME HORIZON10 years

CDL

● Live price

3.18%

Share price

$74.50

Annual div

$2.37

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$24.5K

Annual income

$389.99

Full CDL calculator →

GBDC

● Live price

4.00%

Share price

$50.00

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$28.0K

Annual income

$899.19

Full GBDC calculator →

Portfolio growth — CDL 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	CDL	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, CDL + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

CDL pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

CDL

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

$270.14/yr

After 10yr DRIP, annual income (after tax)

$331.49/yr

GBDC

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

$340.00/yr

After 10yr DRIP, annual income (after tax)

$764.31/yr

At 15% tax rate, GBDC beats the other by $432.82/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

CDL: 50%GBDC: 50%

100% GBDC50/50100% CDL

Portfolio after 10yr

$26.3K

Annual income

$644.59/yr

Blended yield

2.45%

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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

CDL

No analyst data

GBDC

Analyst Ratings

Buy

Hold

Consensus: Buy

Price Target

$14.00

-72.0% 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)

CDL buys

GBDC buys

Politician	Chamber	Ticker	Type	Amount	Date
Thomas R. Carper	🏛 Senate	$CDL	▼ Sell	$1,001 - $15,000	2023-02-15
Thomas R. Carper	🏛 Senate	$CDL	▼ Sell	$1,001 - $15,000	2023-02-15
Thomas R. Carper	🏛 Senate	$CDL	▲ Buy	$1,001 - $15,000	2022-08-10
Thomas R. Carper	🏛 Senate	$CDL	▲ Buy	$1,001 - $15,000	2022-08-10

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

MetricCDLGBDC

Forward yield	3.18%	4.00% ✓
Annual dividend / share	$2.37 ✓	$2.00
Payout ratio	50%	50%
1-year div growth	0%	5% ✓
5-year div CAGR	0%	5% ✓
Portfolio after 10y	$24.5K	$28.0K ✓
Annual income after 10y	$389.99	$899.19 ✓
Total dividends collected	$3.6K	$6.4K ✓
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	CDL Portfolio	CDL Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$11,018	$317.81	$11,120	$420.00	$102.00 → GBDC
2	$12,116	$327.25	$12,357	$458.31	$241.00 → GBDC
3	$13,301	$336.34	$13,721	$499.76	$420.00 → GBDC
4	$14,577	$345.06	$15,227	$544.58	$650.00 → GBDC
5	$15,951	$353.43	$16,885	$593.02	$934.00 → GBDC
6	$17,429	$361.44	$18,713	$645.34	$1.3K → GBDC
7	$19,018	$369.09	$20,724	$701.81	$1.7K → GBDC
8	$20,725	$376.40	$22,938	$762.73	$2.2K → GBDC
9	$22,560	$383.36	$25,372	$828.41	$2.8K → GBDC
10	$24,529	$389.99	$28,047	$899.19	$3.5K → GBDC

CDL vs GBDC: Complete Analysis 2026

CDL — Stock

VictoryShares US Large Cap High Div Volatility Wtd ETF provides investors with exposure to dividend-yielding, Large Cap US stocks without subjecting investors to the inherent limitations of traditional market-cap or yield weighting. It seeks to provide investment results that track the performance of the Nasdaq Victory US Large Cap High Dividend 100 Volatility Weighted Index before fees and expenses. Volatility Weighting Methodology Combines fundamental criteria with volatility weighting in an effort to outperform traditional cap-weighted indexing strategies.

Full CDL Calculator →

GBDC — BDC

GBDC is a dividend-paying stock. Use this calculator to estimate your future dividend income, DRIP compounding returns, and passive income potential from investing in GBDC shares.

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.