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FBMS vs GBDC: Dividend Comparison 2026

FBMS yields 2.96% · GBDC yields 11.86%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 FBMS wins by $366.47M in total portfolio value· pulled ahead in Year 7
10 years
FBMS
FBMS
● Live price
2.96%
Share price
$33.81
Annual div
$1.00
5Y div CAGR
100%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$387.32M
Annual income
$363,692,956.83
Full FBMS 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 — FBMS vs GBDC

📍 FBMS pulled ahead of the other in Year 7

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 PeriodFBMSGBDC
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, FBMS + GBDC cover 0 of 12 monthsgood coverage

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

Tax Bracket Optimizer

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

FBMS
Annual income on $10K today (after 15% tax)
$251.40/yr
After 10yr DRIP, annual income (after tax)
$309,139,013.31/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, FBMS beats the other by $295,155,889.55/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

FBMS: 50%GBDC: 50%
100% GBDC50/50100% FBMS
Portfolio after 10yr
$204.08M
Annual income
$190,071,845.33/yr
Blended yield
93.13%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

FBMS
Analyst Ratings
5
Buy
1
Hold
Consensus: Buy
Altman Z
-0.6
Piotroski
7/9
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)

FBMS buys
0
GBDC buys
0
No recent congressional trades found for FBMS or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricFBMSGBDC
Forward yield2.96%11.86%
Annual dividend / share$1.00$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR100%51.1%
Portfolio after 10y$387.32M$20.85M
Annual income after 10y$363,692,956.83$16,450,733.83
Total dividends collected$385.56M$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusBuyBuy

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

YearFBMS PortfolioFBMS Income/yrGBDC PortfolioGBDC Income/yrGap
1$11,292$591.54$12,492$1,791.70$1.2KGBDC
2$13,330$1,248.49$16,527$3,160.58$3.2KGBDC
3$17,019$2,755.00$23,588$5,904.90$6.6KGBDC
4$24,784$6,574.25$37,141$11,901.65$12.4KGBDC
5$44,414$17,895.47$66,205$26,463.38$21.8KGBDC
6$107,467$59,943.28$137,452$66,612.65$30.0KGBDC
7← crossover$386,094$271,104.28$342,372$195,298.53+$43.7KFBMS
8$2,233,664$1,820,543.70$1,053,292$686,954.33+$1.18MFBMS
9$22,076,697$19,686,676.88$4,111,439$2,984,416.95+$17.97MFBMS
10$387,315,023$363,692,956.83$20,849,974$16,450,733.83+$366.47MFBMS

FBMS vs GBDC: Complete Analysis 2026

FBMSStock

The First Bancshares, Inc. operates as the bank holding company for The First, A National Banking Association that provides general commercial and retail banking services. The company operates through three segments: Commercial/Retail Bank, Mortgage Banking Division, and Holding Company. It offers deposit services, including checking, NOW, and savings accounts; other time deposits, such as daily money market accounts and longer-term certificates of deposit; and individual retirement and health savings accounts. The company also provides commercial loans comprising secured and unsecured loans for working capital, business expansion, and purchase of equipment and machinery; consumer loans consisting of equity lines of credit, as well as secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; and real estate construction and acquisition loans. In addition, it originates loans to purchase existing residential homes or construct new homes, and to refinance existing mortgages; and provides financial and wealth management services. Further, the company offers internet banking services, automated teller machines, voice response telephone inquiry services, commercial sweep accounts, cash management services, safe deposit boxes, merchant, mobile deposit, direct deposit of payroll and social security checks, automatic drafts for various accounts, and credit card services. It primarily serves small to medium-sized businesses, professional concerns, individuals, associations, organizations, and governmental authorities. As of December 31, 2021, the company operated 90 locations in Mississippi, Alabama, Florida, Georgia, and Louisiana. The First Bancshares, Inc. was incorporated in 1995 and is headquartered in Hattiesburg, Mississippi.

Full FBMS 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.