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ELMA vs GBDC: Dividend Comparison 2026

ELMA yields 2.54% · GBDC yields 11.86%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 ELMA wins by $167.31M in total portfolio value· pulled ahead in Year 8
10 years
ELMA
ELMA
● Live price
2.54%
Share price
$23.60
Annual div
$0.60
5Y div CAGR
100%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$188.16M
Annual income
$174,944,462.78
Full ELMA 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 — ELMA vs GBDC

📍 ELMA pulled ahead of the other in Year 8

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 PeriodELMAGBDC
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%.
📅

Dividend Calendar Overlap

Combined, ELMA + GBDC cover 0 of 12 monthsgood coverage

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

Tax Bracket Optimizer

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

ELMA
Annual income on $10K today (after 15% tax)
$216.10/yr
After 10yr DRIP, annual income (after tax)
$148,702,793.36/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, ELMA beats the other by $134,719,669.61/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

ELMA: 50%GBDC: 50%
100% GBDC50/50100% ELMA
Portfolio after 10yr
$104.51M
Annual income
$95,697,598.31/yr
Blended yield
91.57%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

ELMA
No analyst data
Altman Z
0.3
Piotroski
3/9
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)

ELMA buys
0
GBDC buys
0
No recent congressional trades found for ELMA or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricELMAGBDC
Forward yield2.54%11.86%
Annual dividend / share$0.60$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR100%51.1%
Portfolio after 10y$188.16M$20.85M
Annual income after 10y$174,944,462.78$16,450,733.83
Total dividends collected$187.16M$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearELMA PortfolioELMA Income/yrGBDC PortfolioGBDC Income/yrGap
1$11,208$508.47$12,492$1,791.70$1.3KGBDC
2$13,058$1,065.28$16,527$3,160.58$3.5KGBDC
3$16,292$2,319.80$23,588$5,904.90$7.3KGBDC
4$22,843$5,409.89$37,141$11,901.65$14.3KGBDC
5$38,619$14,177.48$66,205$26,463.38$27.6KGBDC
6$86,125$44,802.44$137,452$66,612.65$51.3KGBDC
7$278,910$186,756.08$342,372$195,298.53$63.5KGBDC
8← crossover$1,428,896$1,130,462.73$1,053,292$686,954.33+$375.6KELMA
9$12,354,210$10,825,291.75$4,111,439$2,984,416.95+$8.24MELMA
10$188,163,468$174,944,462.78$20,849,974$16,450,733.83+$167.31MELMA

ELMA vs GBDC: Complete Analysis 2026

ELMAStock

Elmer Bancorp, Inc. operates as the bank holding company for The First National Bank of Elmer that provides various business and personal banking products and services. It provides checking, money market, savings, NOW, Christmas club, and individual retirement accounts; and certificates of deposit. The company also offers business loans comprising owner occupied real estate, investment real estate, agricultural, business expansion, vehicle, term, construction, and construction to permanent loans, as well as business lines of credit and letters of credit; and small business administration loans, term loans, home equity loans, lines of credit, residential mortgages, consumer loans, and commercial mortgages. In addition, it provides merchant, cash management, remote deposit capture, and electronic bill payments services; mobile, text message, and online banking services; VISA check cards; and debit and credit cards. The company offers its products and services through six full-service branch offices located in Cumberland, Gloucester, and Salem Counties, New Jersey. Elmer Bancorp, Inc. was founded in 1903 and is based in Elmer, New Jersey.

Full ELMA 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.