HomeCompareFRNWF vs GBDC

FRNWF vs GBDC: Dividend Comparison 2026

FRNWF yields 4.55% · GBDC yields 11.85%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 FRNWF wins by $3604.49M in total portfolio value· pulled ahead in Year 5
10 years
FRNWF
FRNWF
● Live price
4.55%
Share price
$5.00
Annual div
$0.23
5Y div CAGR
100%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$3625.27M
Annual income
$3,478,351,909.37
Full FRNWF 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 — FRNWF vs GBDC

📍 FRNWF pulled ahead of the other in Year 5

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 PeriodFRNWFGBDC
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, FRNWF + GBDC cover 0 of 12 monthsgood coverage

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

FRNWF
Annual income on $10K today (after 15% tax)
$386.60/yr
After 10yr DRIP, annual income (after tax)
$2,956,599,122.96/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, FRNWF beats the other by $2,942,668,249.07/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

FRNWF: 50%GBDC: 50%
100% GBDC50/50100% FRNWF
Portfolio after 10yr
$1823.02M
Annual income
$1,747,370,586.38/yr
Blended yield
95.85%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

FRNWF
Analyst Ratings
3
Buy
Consensus: Buy
Altman Z
3.0
Piotroski
7/9
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.
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Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

FRNWF 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 →
MetricFRNWFGBDC
Forward yield4.55%11.85%
Annual dividend / share$0.23$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR100%51.1%
Portfolio after 10y$3625.27M$20.78M
Annual income after 10y$3,478,351,909.37$16,389,263.41
Total dividends collected$3614.88M$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusBuyBuy

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

YearFRNWF PortfolioFRNWF Income/yrGBDC PortfolioGBDC Income/yrGap
1$11,610$909.64$12,490$1,790.28$880.00GBDC
2$14,396$1,973.94$16,522$3,157.73$2.1KGBDC
3$19,979$4,575.22$23,578$5,898.68$3.6KGBDC
4$33,246$11,868.25$37,115$11,886.75$3.9KGBDC
5← crossover$72,487$36,914.23$66,136$26,423.57+$6.4KFRNWF
6$228,002$150,440.06$137,257$66,491.44+$90.7KFRNWF
7$1,128,435$884,473.49$341,734$194,868.54+$786.7KFRNWF
8$9,389,619$8,182,192.93$1,050,788$685,133.02+$8.34MFRNWF
9$137,305,523$127,258,631.05$4,099,314$2,974,971.01+$133.21MFRNWF
10$3,625,268,819$3,478,351,909.37$20,775,530$16,389,263.41+$3604.49MFRNWF

FRNWF vs GBDC: Complete Analysis 2026

FRNWFStock

Future plc, together with its subsidiaries, publishes content for technology, games, TV and entertainment, women's lifestyle, real life, music, creative and photography, sports, home interest, and B2B sectors primarily in the United States and the United Kingdom. It operates through Media and Magazine segments. The Media segment provides e-commerce, digital advertising, events, lead generation, newsletters and CRM, and digital licensing services. The Magazine segment creates specialist magazines and bookazines in print and digital formats; and offers print licensing services. The company also provides endorsement licensing, comparison shopping, and video content production services, as well as various sales and distribution services to third party publishers. Future plc was founded in 1985 and is based in Bath, the United Kingdom.

Full FRNWF 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.