Is FGTRX or GBDC a better dividend investment in 2026?

FGTRX currently yields 9.14% with a 5% 5-year dividend growth rate. GBDC yields 4.00% with 5% growth. The better choice depends on your goal: FGTRX offers higher current income.

What is the dividend yield difference between FGTRX and GBDC?

FGTRX has a forward dividend yield of 9.14% ($1.90/share annually). GBDC yields 4.00% ($2.00/share annually). The yield gap is 5.14 percentage points.

Home › Compare › FGTRX vs GBDC

FGTRX vs GBDC: Dividend Comparison 2026

FGTRX yields 9.14% · GBDC yields 4.00%● Live data

vsPost on X →

After 10 years · $10,000 invested · DRIP enabled

🏆 FGTRX wins by $8.6K in total portfolio value

INVESTMENT

TIME HORIZON10 years

FGTRX

● Live price

9.14%

Share price

$20.77

Annual div

$1.90

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$36.6K

Annual income

$1,624.77

Full FGTRX calculator →

GBDC

● Live price

4.00%

Share price

$50.00

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$28.0K

Annual income

$899.19

Full GBDC calculator →

Portfolio growth — FGTRX vs GBDC

📍 FGTRX 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 Period	FGTRX	GBDC
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, FGTRX + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

FGTRX 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.

FGTRX

Annual income on $10K today (after 15% tax)

$776.50/yr

After 10yr DRIP, annual income (after tax)

$1,381.05/yr

GBDC

Annual income on $10K today (after 15% tax)

$340.00/yr

After 10yr DRIP, annual income (after tax)

$764.31/yr

At 15% tax rate, FGTRX beats the other by $616.74/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 FGTRX + GBDC for your $10,000?

FGTRX: 50%GBDC: 50%

100% GBDC50/50100% FGTRX

Portfolio after 10yr

$32.3K

Annual income

$1,261.99/yr

Blended yield

3.90%

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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

FGTRX

No analyst data

GBDC

Analyst Ratings

Buy

Hold

Consensus: Buy

Price Target

$14.00

-72.0% 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.

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Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

FGTRX buys

GBDC buys

No recent congressional trades found for FGTRX or GBDC in the last 90 days.

STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →

MetricFGTRXGBDC

Forward yield	9.14% ✓	4.00%
Annual dividend / share	$1.90	$2.00 ✓
Payout ratio	50%	50%
1-year div growth	0%	5% ✓
5-year div CAGR	0%	5% ✓
Portfolio after 10y	$36.6K ✓	$28.0K
Annual income after 10y	$1,624.77 ✓	$899.19
Total dividends collected	$12.7K ✓	$6.4K
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	FGTRX Portfolio	FGTRX Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$11,614	$913.53	$11,120	$420.00	+$494.00 → FGTRX
2	$13,418	$991.52	$12,357	$458.31	+$1.1K → FGTRX
3	$15,428	$1,070.64	$13,721	$499.76	+$1.7K → FGTRX
4	$17,658	$1,150.48	$15,227	$544.58	+$2.4K → FGTRX
5	$20,125	$1,230.66	$16,885	$593.02	+$3.2K → FGTRX
6	$22,845	$1,310.81	$18,713	$645.34	+$4.1K → FGTRX
7	$25,834	$1,390.61	$20,724	$701.81	+$5.1K → FGTRX
8	$29,112	$1,469.72	$22,938	$762.73	+$6.2K → FGTRX
9	$32,698	$1,547.86	$25,372	$828.41	+$7.3K → FGTRX
10	$36,612	$1,624.77	$28,047	$899.19	+$8.6K → FGTRX

FGTRX vs GBDC: Complete Analysis 2026

FGTRX — Stock

The investment seeks the highest level of long-term total return. The fund is a "fund of funds" meaning that it seeks to achieve its investment goal by investing its assets primarily in other funds, predominantly other Franklin Templeton and Legg Mason mutual funds and ETFs. The investment manager uses the following as a general guide in allocating the fund's assets among the broad asset classes: 80% equity funds; and 20% fixed-income funds. These percentages may be changed from time to time by the fund's investment manager without the approval of shareholders, and may vary up to 10% from these percentages of fund assets.

Full FGTRX Calculator →

GBDC — BDC

GBDC is a dividend-paying stock. Use this calculator to estimate your future dividend income, DRIP compounding returns, and passive income potential from investing in GBDC shares.

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.