Is GAEGF or GBDC a better dividend investment in 2026?

GAEGF currently yields 142.86% with a 5% 5-year dividend growth rate. GBDC yields 11.85% with 5% growth. The better choice depends on your goal: GAEGF offers higher current income.

What is the dividend yield difference between GAEGF and GBDC?

GAEGF has a forward dividend yield of 142.86% ($2.00/share annually). GBDC yields 11.85% ($1.50/share annually). The yield gap is 131.01 percentage points.

Home › Compare › GAEGF vs GBDC

GAEGF vs GBDC: Dividend Comparison 2026

GAEGF yields 142.86% · GBDC yields 11.85%● Live data

vsPost on X →

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

🏆 GBDC wins by $1.22M in total portfolio value· pulled ahead in Year 10

INVESTMENT

TIME HORIZON10 years

GAEGF

● Live price

142.86%

Share price

$1.40

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$19.55M

Annual income

$8,225,014.26

Full GAEGF calculator →

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 — GAEGF vs GBDC

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

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

GAEGF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

GAEGF

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

$12,142.86/yr

After 10yr DRIP, annual income (after tax)

$6,991,262.12/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, GBDC beats the other by $6,939,611.78/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

GAEGF: 50%GBDC: 50%

100% GBDC50/50100% GAEGF

Portfolio after 10yr

$20.16M

Annual income

$12,307,138.83/yr

Blended yield

61.04%

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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

GAEGF

No analyst data

GBDC

Analyst Ratings

Buy

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)

GAEGF buys

GBDC buys

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

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

MetricGAEGFGBDC

Forward yield	142.86% ✓	11.85%
Annual dividend / share	$2.00 ✓	$1.50
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	0%	51.1% ✓
Portfolio after 10y	$19.55M	$20.78M ✓
Annual income after 10y	$8,225,014.26	$16,389,263.41 ✓
Total dividends collected	$18.03M	$20.36M ✓
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	GAEGF Portfolio	GAEGF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1	$24,986	$14,285.71	$12,490	$1,790.28	+$12.5K → GAEGF
2	$60,093	$33,358.76	$16,522	$3,157.73	+$43.6K → GAEGF
3	$139,283	$74,982.82	$23,578	$5,898.68	+$115.7K → GAEGF
4	$311,456	$162,423.26	$37,115	$11,886.75	+$274.3K → GAEGF
5	$672,698	$339,440.31	$66,136	$26,423.57	+$606.6K → GAEGF
6	$1,404,965	$685,177.81	$137,257	$66,491.44	+$1.27M → GAEGF
7	$2,840,723	$1,337,410.52	$341,734	$194,868.54	+$2.50M → GAEGF
8	$5,566,801	$2,527,227.75	$1,050,788	$685,133.02	+$4.52M → GAEGF
9	$10,584,947	$4,628,469.98	$4,099,314	$2,974,971.01	+$6.49M → GAEGF
10← crossover	$19,550,908	$8,225,014.26	$20,775,530	$16,389,263.41	$1.22M → GBDC

GAEGF vs GBDC: Complete Analysis 2026

GAEGF — Stock

Gage Growth Corp. provides branding and support services to affiliated licensed operators that produce, distribute, and sell cannabis and cannabis related products in Michigan, United States. The company offers medical and adult-use cannabis. Its portfolio includes city and state approvals for 19 Class C cultivation licenses, three processing licenses, and 13 provisioning centers. The company also offers management, consulting, HR, financing, intellectual property, licensing, and real estate support services. The company was formerly known as Wolverine Partners Corp. and changed its name to Gage Growth Corp. in October 2020. Gage Growth Corp. was incorporated in 2017 and is based in Toronto, Canada. As of March 10, 2022, Gage Growth Corp. operates as a subsidiary of TerrAscend Corp.

Full GAEGF Calculator →

GBDC — BDC

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.