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CNECF vs GBDC: Dividend Comparison 2026

CNECF yields 6.67% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $15.19M in total portfolio value
10 years
CNECF
CNECF
● Live price
6.67%
Share price
$1.03
Annual div
$0.07
5Y div CAGR
56.9%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$5.66M
Annual income
$4,269,210.59
Full CNECF calculator →
GBDC
GBDC
● Live price
11.86%
Share price
$12.65
Annual div
$1.50
5Y div CAGR
51.1%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$20.85M
Annual income
$16,450,733.83
Full GBDC calculator →

Portfolio growth — CNECF 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 PeriodCNECFGBDC
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, CNECF + GBDC cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
CNECF 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.

CNECF
Annual income on $10K today (after 15% tax)
$566.58/yr
After 10yr DRIP, annual income (after tax)
$3,628,829.00/yr
GBDC
Annual income on $10K today (after 15% tax)
$1,007.91/yr
After 10yr DRIP, annual income (after tax)
$13,983,123.76/yr
At 15% tax rate, GBDC beats the other by $10,354,294.75/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

CNECF: 50%GBDC: 50%
100% GBDC50/50100% CNECF
Portfolio after 10yr
$13.26M
Annual income
$10,359,972.22/yr
Blended yield
78.15%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

CNECF
No analyst data
Altman Z
1.4
Piotroski
6/9
GBDC
Analyst Ratings
6
Buy
5
Hold
Consensus: Buy
Price Target
$14.00
+10.7% 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)

CNECF buys
0
GBDC buys
0
No recent congressional trades found for CNECF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricCNECFGBDC
Forward yield6.67%11.86%
Annual dividend / share$0.07$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR56.9%51.1%
Portfolio after 10y$5.66M$20.85M
Annual income after 10y$4,269,210.59$16,450,733.83
Total dividends collected$5.51M$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearCNECF PortfolioCNECF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$11,746$1,045.84$12,492$1,791.70$746.00GBDC
2$14,369$1,801.31$16,527$3,160.58$2.2KGBDC
3$18,607$3,231.32$23,588$5,904.90$5.0KGBDC
4$26,044$6,135.46$37,141$11,901.65$11.1KGBDC
5$40,461$12,593.19$66,205$26,463.38$25.7KGBDC
6$71,981$28,687.58$137,452$66,612.65$65.5KGBDC
7$151,856$74,836.68$342,372$195,298.53$190.5KGBDC
8$393,996$231,510.15$1,053,292$686,954.33$659.3KGBDC
9$1,302,359$880,783.78$4,111,439$2,984,416.95$2.81MGBDC
10$5,662,735$4,269,210.59$20,849,974$16,450,733.83$15.19MGBDC

CNECF vs GBDC: Complete Analysis 2026

CNECFStock

Centuria Capital Group, an investment manager, markets and manages investment products primarily in Australia. It operates through Property Funds Management, Co- Investments, Developments, Property and Development Finance, Investment Bonds Management, and Corporate segments. The Property Funds Management segment manages listed and unlisted property funds. The Co-Investments segment holds interest in property funds, properties held for sale, and other liquid investments. The Developments segment engages in the management of development project and structured property developments for the commercial office, industrial, and health through residential mixed use. The Property and Development Finance segment provide real estate secured non-bank finance for land sub-division, bridging finance, development projects, and residual stock. The Investment Bonds Management segment manages benefit funds, which include a range of financial products, such as single and multi-premium investments. The Corporate segment manages reverse mortgage lending portfolio. The company was incorporated in 2000 and is headquartered in Sydney, Australia.

Full CNECF 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.