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FMBIP vs GBDC: Dividend Comparison 2026

FMBIP yields 11.59% · GBDC yields 11.85%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 FMBIP wins by $7.07M in total portfolio value· pulled ahead in Year 3
10 years
FMBIP
FMBIP
● Live price
11.59%
Share price
$26.45
Annual div
$3.07
5Y div CAGR
53%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$27.85M
Annual income
$22,431,103.96
Full FMBIP calculator →
GBDC
GBDC
● Live price
11.85%
Share price
$12.66
Annual div
$1.50
5Y div CAGR
51.1%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$20.78M
Annual income
$16,389,263.41
Full GBDC calculator →

Portfolio growth — FMBIP vs GBDC

📍 FMBIP pulled ahead of the other in Year 3

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 PeriodFMBIPGBDC
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, FMBIP + GBDC cover 0 of 12 monthsgood coverage

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

Tax Bracket Optimizer

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

FMBIP
Annual income on $10K today (after 15% tax)
$985.29/yr
After 10yr DRIP, annual income (after tax)
$19,066,438.37/yr
GBDC
Annual income on $10K today (after 15% tax)
$1,007.11/yr
After 10yr DRIP, annual income (after tax)
$13,930,873.90/yr
At 15% tax rate, FMBIP beats the other by $5,135,564.47/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

FMBIP: 50%GBDC: 50%
100% GBDC50/50100% FMBIP
Portfolio after 10yr
$24.31M
Annual income
$19,410,183.68/yr
Blended yield
79.84%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

FMBIP
Analyst Ratings
1
Buy
2
Hold
Consensus: Hold
GBDC
Analyst Ratings
6
Buy
5
Hold
Consensus: Buy
Price Target
$14.00
+10.6% 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)

FMBIP buys
0
GBDC buys
2
PoliticianChamberTickerTypeAmountDate
David P. Joyce🏢 House$GBDC▼ Sell$1,001 - $15,0002023-06-30
David P. Joyce🏢 House$GBDC▼ Sell$15,001 - $50,0002023-06-19
David P. Joyce🏢 House$GBDC▼ Sell$15,001 - $50,0002022-07-14
David P. Joyce🏢 House$GBDC▼ Sell$15,001 - $50,0002022-07-12
Teresa Leger Fernandez🏢 House$GBDC▼ Sell$15,001 - $50,0002021-01-20
David P. Joyce🏢 House$GBDC▲ Buy$1,001 - $15,0002020-02-25
David P. Joyce🏢 House$GBDC▲ Buy$15,001 - $50,0002019-05-30
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricFMBIPGBDC
Forward yield11.59%11.85%
Annual dividend / share$3.07$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR53%51.1%
Portfolio after 10y$27.85M$20.78M
Annual income after 10y$22,431,103.96$16,389,263.41
Total dividends collected$27.35M$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusHoldBuy

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

YearFMBIP PortfolioFMBIP Income/yrGBDC PortfolioGBDC Income/yrGap
1$12,474$1,773.53$12,490$1,790.28$16.00GBDC
2$16,510$3,163.26$16,522$3,157.73$12.00GBDC
3← crossover$23,652$5,986.85$23,578$5,898.68+$74.00FMBIP
4$37,572$12,264.15$37,115$11,886.75+$457.00FMBIP
5$68,060$27,857.13$66,136$26,423.57+$1.9KFMBIP
6$144,978$72,154.75$137,257$66,491.44+$7.7KFMBIP
7$374,906$219,779.50$341,734$194,868.54+$33.2KFMBIP
8$1,213,820$812,670.22$1,050,788$685,133.02+$163.0KFMBIP
9$5,061,088$3,762,300.23$4,099,314$2,974,971.01+$961.8KFMBIP
10$27,846,468$22,431,103.96$20,775,530$16,389,263.41+$7.07MFMBIP

FMBIP vs GBDC: Complete Analysis 2026

FMBIPStock

First Midwest Bancorp, Inc. operates as the bank holding company for First Midwest Bank that provides various banking products and services. The company accepts checking, NOW, money market, and savings accounts, as well as various types of short-term and long-term certificates of deposit. Its loan products include working capital needs; accounts receivable financing; inventory and equipment financing; sector-based lending, including healthcare, asset-based lending, structured finance, and syndications; agricultural loans; and mortgages, home equity lines and loans, personal loans, specialty loans, and consumer secured and unsecured loans, as well as funding for the construction, purchase, refinance, or improvement of commercial real estate properties. In addition, the company offers treasury management products and services comprising automated clearing house collection, lockbox, remote deposit capture, and financial electronic data interchange; wire transfer, account reconciliation, controlled disbursement, direct deposit, and positive pay services; information reporting services; corporate credit cards; and liquidity management, fraud prevention, and merchant services. Further, it provides fiduciary and executor, financial planning, investment advisory, employee benefit plan, and private banking services to corporate and public retirement plans, foundations and endowments, high net worth individuals, and multi-employer trust funds. Additionally, the company offers debit and automated teller machine (ATM), and credit cards; internet and mobile, and telephone banking services; and financial education services. The company operates 115 locations and 184 ATMs in metropolitan Chicago, southeast Wisconsin, northwest Indiana, central and western Illinois, eastern Iowa, and other markets in the Midwest. First Midwest Bancorp, Inc. was incorporated in 1982 and is headquartered in Chicago, Illinois.

Full FMBIP 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.