HomeCompareCNFRZ vs GBDC

CNFRZ vs GBDC: Dividend Comparison 2026

CNFRZ yields 12.37% · GBDC yields 11.85%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.73M in total portfolio value
10 years
CNFRZ
CNFRZ
● Live price
12.37%
Share price
$19.70
Annual div
$2.44
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$45.2K
Annual income
$2,675.37
Full CNFRZ calculator →
GBDC
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 — CNFRZ 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 PeriodCNFRZGBDC
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, CNFRZ + GBDC cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
CNFRZ pays
GBDC pays
Both pay
Neither
💰

Tax Bracket Optimizer

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

CNFRZ
Annual income on $10K today (after 15% tax)
$1,051.72/yr
After 10yr DRIP, annual income (after tax)
$2,274.06/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 $13,928,599.83/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

CNFRZ: 50%GBDC: 50%
100% GBDC50/50100% CNFRZ
Portfolio after 10yr
$10.41M
Annual income
$8,195,969.38/yr
Blended yield
78.73%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

CNFRZ
Analyst Ratings
3
Hold
1
Sell
Consensus: Hold
Altman Z
-0.3
Piotroski
2/9
GBDC
Analyst Ratings
6
Buy
5
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)

CNFRZ buys
0
GBDC buys
0
No recent congressional trades found for CNFRZ or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricCNFRZGBDC
Forward yield12.37%11.85%
Annual dividend / share$2.44$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1%
Portfolio after 10y$45.2K$20.78M
Annual income after 10y$2,675.37$16,389,263.41
Total dividends collected$19.4K$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusHoldBuy

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

YearCNFRZ PortfolioCNFRZ Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$11,937$1,237.32$12,490$1,790.28$553.00GBDC
2$14,153$1,380.40$16,522$3,157.73$2.4KGBDC
3$16,674$1,529.58$23,578$5,898.68$6.9KGBDC
4$19,525$1,684.07$37,115$11,886.75$17.6KGBDC
5$22,735$1,843.04$66,136$26,423.57$43.4KGBDC
6$26,332$2,005.63$137,257$66,491.44$110.9KGBDC
7$30,346$2,170.99$341,734$194,868.54$311.4KGBDC
8$34,808$2,338.28$1,050,788$685,133.02$1.02MGBDC
9$39,752$2,506.66$4,099,314$2,974,971.01$4.06MGBDC
10$45,210$2,675.37$20,775,530$16,389,263.41$20.73MGBDC

CNFRZ vs GBDC: Complete Analysis 2026

CNFRZStock

Conifer Holdings, Inc., an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, including companies that provide security guard services, security alarm products and services, and private investigative services. The company also offers specialty homeowners insurance products, such as low- value dwelling insurance tailored for owners of lower valued homes in Illinois, Indiana, Louisiana, and Texas; and wholesale agency services comprising commercial and personal lines insurance products for its insurance company subsidiaries, as well as third party insurers. Conifer Holdings, Inc. markets and sells its insurance products through a network of approximately 4,900 independent agents in 50 states in the United States. The company was incorporated in 2009 and is headquartered in Troy, Michigan.

Full CNFRZ 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.