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EMCF vs GBDC: Dividend Comparison 2026

EMCF yields 68.61% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 EMCF wins by $138.93M in total portfolio value
10 years
EMCF
EMCF
● Live price
68.61%
Share price
$31.60
Annual div
$21.68
5Y div CAGR
22.1%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$159.78M
Annual income
$115,005,568.27
Full EMCF 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 — EMCF vs GBDC

📍 EMCF 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 PeriodEMCFGBDC
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, EMCF + GBDC cover 0 of 12 months — good coverage

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

Tax Bracket Optimizer

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

EMCF
Annual income on $10K today (after 15% tax)
$5,831.65/yr
After 10yr DRIP, annual income (after tax)
$97,754,733.03/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, EMCF beats the other by $83,771,609.27/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

EMCF: 50%GBDC: 50%
100% GBDC50/50100% EMCF
Portfolio after 10yr
$90.31M
Annual income
$65,728,151.05/yr
Blended yield
72.78%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

EMCF
No analyst data
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)

EMCF buys
0
GBDC buys
0
No recent congressional trades found for EMCF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricEMCFGBDC
Forward yield68.61% ✓11.86%
Annual dividend / share$21.68 ✓$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR22.1%51.1% ✓
Portfolio after 10y$159.78M ✓$20.85M
Annual income after 10y$115,005,568.27 ✓$16,450,733.83
Total dividends collected$155.59M ✓$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearEMCF PortfolioEMCF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$19,077$8,376.99$12,492$1,791.70+$6.6K → EMCF
2$38,648$18,236.00$16,527$3,160.58+$22.1K → EMCF
3$83,512$42,158.28$23,588$5,904.90+$59.9K → EMCF
4$193,310$103,951.94$37,141$11,901.65+$156.2K → EMCF
5$481,422$274,580.27$66,205$26,463.38+$415.2K → EMCF
6$1,295,442$780,320.52$137,452$66,612.65+$1.16M → EMCF
7$3,782,179$2,396,056.69$342,372$195,298.53+$3.44M → EMCF
8$12,029,694$7,982,762.21$1,053,292$686,954.33+$10.98M → EMCF
9$41,845,044$28,973,271.57$4,111,439$2,984,416.95+$37.73M → EMCF
10$159,779,766$115,005,568.27$20,849,974$16,450,733.83+$138.93M → EMCF

EMCF vs GBDC: Complete Analysis 2026

EMCF — Stock

Emclaire Financial Corp operates as the bank holding company for The Farmers National Bank of Emlenton that provides retail and commercial financial products and services to individuals and businesses in western Pennsylvania. The company's deposit products include checking, savings, and term certificate accounts; savings and time deposits; non-interest bearing and interest-bearing demand deposit accounts; and money market accounts. Its loan portfolio comprises one-to-four family mortgage loans, home equity loans, commercial business and commercial real estate loans, consumer loans, and loans to one borrower. The company operates a network of 19 retail branch offices in Venango, Allegheny, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson, and Mercer counties, and Pennsylvania. The company was founded in 1900 and is headquartered in Emlenton, Pennsylvania.

Full EMCF 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.