HomeCompareFRBA vs GBDC

FRBA vs GBDC: Dividend Comparison 2026

FRBA yields 1.68% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 FRBA wins by $9.69M in total portfolio value· pulled ahead in Year 10
10 years
FRBA
FRBA
● Live price
1.68%
Share price
$16.06
Annual div
$0.27
5Y div CAGR
99.9%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$30.54M
Annual income
$27,393,263.32
Full FRBA 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 — FRBA vs GBDC

📍 FRBA pulled ahead of the other in Year 10

Annual dividend income

🛡️

Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis PeriodFRBAGBDC
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, FRBA + GBDC cover 0 of 12 monthsgood coverage

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

Tax Bracket Optimizer

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

FRBA
Annual income on $10K today (after 15% tax)
$142.90/yr
After 10yr DRIP, annual income (after tax)
$23,284,273.82/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, FRBA beats the other by $9,301,150.07/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

FRBA: 50%GBDC: 50%
100% GBDC50/50100% FRBA
Portfolio after 10yr
$25.69M
Annual income
$21,921,998.58/yr
Blended yield
85.32%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

FRBA
Analyst Ratings
3
Buy
1
Hold
Consensus: Buy
Price Target
$17.00
+5.9% upside vs current
Range: $17.00 — $17.00
Altman Z
-0.7
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)

FRBA buys
0
GBDC buys
0
No recent congressional trades found for FRBA or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricFRBAGBDC
Forward yield1.68%11.86%
Annual dividend / share$0.27$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR99.9%51.1%
Portfolio after 10y$30.54M$20.85M
Annual income after 10y$27,393,263.32$16,450,733.83
Total dividends collected$30.27M$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusBuyBuy
Analyst price target$17.00$14.00

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

YearFRBA PortfolioFRBA Income/yrGBDC PortfolioGBDC Income/yrGap
1$11,036$336.07$12,492$1,791.70$1.5KGBDC
2$12,502$692.91$16,527$3,160.58$4.0KGBDC
3$14,843$1,466.40$23,588$5,904.90$8.7KGBDC
4$19,135$3,252.67$37,141$11,901.65$18.0KGBDC
5$28,308$7,833.73$66,205$26,463.38$37.9KGBDC
6$51,941$21,651.24$137,452$66,612.65$85.5KGBDC
7$129,795$74,218.52$342,372$195,298.53$212.6KGBDC
8$485,372$346,491.07$1,053,292$686,954.33$567.9KGBDC
9$2,940,029$2,420,681.23$4,111,439$2,984,416.95$1.17MGBDC
10← crossover$30,539,094$27,393,263.32$20,849,974$16,450,733.83+$9.69MFRBA

FRBA vs GBDC: Complete Analysis 2026

FRBAStock

First Bank provides various banking products and services to individuals, businesses, and governmental entities. The company accepts various deposits, including non-interest bearing demand deposits, interest bearing demand accounts, money market accounts, savings accounts, and certificates of deposit, as well as commercial checking accounts. Its loan products include commercial and industrial loans; commercial real estate loans, such as owner-occupied, investor, construction and development, and multi-family loans; residential real estate loans comprising residential mortgages, first and second lien home equity loans, and revolving lines of credit; and consumer and other loans that include auto, personal, and traditional installment loans. The company also provides electronic banking services, including Internet and mobile banking, electronic bill payment, and banking by phone, as well as ATM and debit cards, and wire and ACH transfer services; remote deposit capture; and cash management services. As of December 31, 2021, it operated 18 full-service branches in Cinnaminson, Cranbury, Delanco, Denville, Ewing, Flemington, Hamilton, Hamilton, Lawrence, Mercerville, Pennington, Randolph, Somerset, and Williamstown counties in New Jersey, as well as Doylestown, Trevose, Warminster, and West Chester counties in Pennsylvania. First Bank was incorporated in 2007 and is headquartered in Hamilton, New Jersey.

Full FRBA 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 →
📬

Get this FRBA vs GBDC comparison by email

Save your analysis + weekly dividend insights. Free forever.

More comparisons

FRBA vs SCHDFRBA vs JEPIFRBA vs OFRBA vs KOFRBA vs MAIN

⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.