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FEN vs GBDC: Dividend Comparison 2026

FEN yields 7.50% · GBDC yields 11.86%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.83M in total portfolio value
10 years
FEN
FEN
● Live price
7.50%
Share price
$16.00
Annual div
$1.20
5Y div CAGR
-48.3%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$21.1K
Annual income
$1.10
Full FEN 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 — FEN 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 PeriodFENGBDC
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, FEN + GBDC cover 0 of 12 monthsgood coverage

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

FEN
Annual income on $10K today (after 15% tax)
$637.50/yr
After 10yr DRIP, annual income (after tax)
$0.94/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 $13,983,122.82/year in after-tax income after 10 years on $10,000
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Lazy Portfolio Split Optimizer

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

FEN: 50%GBDC: 50%
100% GBDC50/50100% FEN
Portfolio after 10yr
$10.44M
Annual income
$8,225,367.47/yr
Blended yield
78.82%
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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

FEN
No analyst data
Altman Z
2.8
Piotroski
5/9
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)

FEN buys
0
GBDC buys
0
No recent congressional trades found for FEN or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricFENGBDC
Forward yield7.50%11.86%
Annual dividend / share$1.20$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR-48.3%51.1%
Portfolio after 10y$21.1K$20.85M
Annual income after 10y$1.10$16,450,733.83
Total dividends collected$822.00$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearFEN PortfolioFEN Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$11,088$387.75$12,492$1,791.70$1.4KGBDC
2$12,072$207.73$16,527$3,160.58$4.5KGBDC
3$13,026$109.28$23,588$5,904.90$10.6KGBDC
4$13,995$56.97$37,141$11,901.65$23.1KGBDC
5$15,004$29.58$66,205$26,463.38$51.2KGBDC
6$16,070$15.32$137,452$66,612.65$121.4KGBDC
7$17,202$7.93$342,372$195,298.53$325.2KGBDC
8$18,411$4.10$1,053,292$686,954.33$1.03MGBDC
9$19,701$2.12$4,111,439$2,984,416.95$4.09MGBDC
10$21,082$1.10$20,849,974$16,450,733.83$20.83MGBDC

FEN vs GBDC: Complete Analysis 2026

FENStock

First Trust Energy Income and Growth Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Energy Income Partners, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector, including companies in the business of transporting, processing, storing, distributing, or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products, coal or electricity, or exploring, developing, managing or producing such commodities or products, or in supplying energy-related products and services. The fund primarily invests in growth stocks of companies, energy sector MLPs, and MLP-related entities. It employs a combination of fundamental and quantitative analysis, focusing on such factors as debt to cash flows, coverage ratios, incentive structure, management team, track record of distribution, and dividend growth to create its portfolio. The fund benchmarks the performance of its portfolio against the S&P 500 Index, Barclays Capital U.S. Credit Index of Corporate Bonds, Alerian MLP Total Return Index, Wells Fargo Midstream MLP Total Return Index, and composite index comprised of 50% Alerian MLP Total Return Index and 50% Wells Fargo Midstream MLP Total Return Index. It was formerly known as Energy Income & Growth Fund. First Trust Energy Income and Growth Fund was formed on March 25, 2004 and is domiciled in the United States.

Full FEN 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.