Is GAEX or GBDC a better dividend investment in 2026?

GAEX currently yields 20000000.00% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: GAEX offers higher current income.

What is the dividend yield difference between GAEX and GBDC?

GAEX has a forward dividend yield of 20000000.00% ($2.00/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 19999988.14 percentage points.

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GAEX vs GBDC: Dividend Comparison 2026

GAEX yields 20000000.00% · GBDC yields 11.86%● Live data

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

🏆 GAEX wins by $4.875981653489057e+49M in total portfolio value

INVESTMENT

TIME HORIZON10 years

GAEX

● Live price

20000000.00%

Share price

$0.00

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$4.875981653489057e+49M

Annual income

$48,759,336,949,911,260,000,000,000,000,000,000,000,000,000,000,000,000,000.00

Full GAEX calculator →

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 — GAEX vs GBDC

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

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

GAEX pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

GAEX

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

$1,700,000,000.00/yr

After 10yr DRIP, annual income (after tax)

$41,445,436,407,424,570,000,000,000,000,000,000,000,000,000,000,000,000,000.00/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, GAEX beats the other by $41,445,436,407,424,570,000,000,000,000,000,000,000,000,000,000,000,000,000.00/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 GAEX + GBDC for your $10,000?

GAEX: 50%GBDC: 50%

100% GBDC50/50100% GAEX

Portfolio after 10yr

$2.4379908267445285e+49M

Annual income

$24,379,668,474,955,630,000,000,000,000,000,000,000,000,000,000,000,000,000.00/yr

Blended yield

100.00%

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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

GAEX

No analyst data

Altman Z

-16.0

Piotroski

5/9

GBDC

Analyst Ratings

Buy

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)

GAEX buys

GBDC buys

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

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

MetricGAEXGBDC

Forward yield	20000000.00% ✓	11.86%
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	$4.875981653489057e+49M	$20.85M ✓
Annual income after 10y	$48,759,336,949,911,260,000,000,000,000,000,000,000,000,000,000,000,000,000.00 ✓	$16,450,733.83
Total dividends collected	$4.875978515990276e+49M	$20.43M ✓
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	GAEX Portfolio	GAEX Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$2,000,010,700	$2,000,000,000.00	$12,492	$1,791.70	+$2000.00M → GAEX
2	$373,835,915,712,384	$373,833,775,700,934.50	$16,527	$3,160.58	+$373835915.70M → GAEX
3	$65,304,953,364,964,970,000	$65,304,553,360,535,160,000.00	$23,588	$5,904.90	+$65304953364964.95M → GAEX
4	$10,661,728,832,755,500,000,000,000	$10,661,658,956,455,399,000,000,000.00	$37,141	$11,901.65	+$10661728832755499008.00M → GAEX
5	$1,626,767,783,781,495,000,000,000,000,000	$1,626,756,375,731,643,800,000,000,000,000.00	$66,205	$26,463.38	+$1.626767783781495e+24M → GAEX
6	$231,974,330,054,625,100,000,000,000,000,000,000	$231,972,589,413,096,470,000,000,000,000,000,000.00	$137,452	$66,612.65	+$2.319743300546251e+29M → GAEX
7	$30,915,106,403,922,057,000,000,000,000,000,000,000,000	$30,914,858,191,388,900,000,000,000,000,000,000,000,000.00	$342,372	$195,298.53	+$3.0915106403922057e+34M → GAEX
8	$3,850,507,985,839,278,000,000,000,000,000,000,000,000,000,000	$3,850,474,906,675,425,000,000,000,000,000,000,000,000,000,000.00	$1,053,292	$686,954.33	+$3.8505079858392777e+39M → GAEX
9	$448,210,261,035,314,200,000,000,000,000,000,000,000,000,000,000,000	$448,206,140,991,769,400,000,000,000,000,000,000,000,000,000,000,000.00	$4,111,439	$2,984,416.95	+$4.4821026103531426e+44M → GAEX
10	$48,759,816,534,890,570,000,000,000,000,000,000,000,000,000,000,000,000,000	$48,759,336,949,911,260,000,000,000,000,000,000,000,000,000,000,000,000,000.00	$20,849,974	$16,450,733.83	+$4.875981653489057e+49M → GAEX

GAEX vs GBDC: Complete Analysis 2026

GAEX — Stock

GA eXpress, Inc. engages in the development and licensing of computer software and related software-consulting services. The company's primary products offer data connectivity that enables businesses to connect legacy applications and databases to e-business exchanges and trading partners over the Internet. It has developed a portfolio of software products and services under the name of ePath. The ePath products include a suite of middleware, eTools that are focused on data access and connectivity for the MultiValue marketplace, and a collaborative commerce server, code named Selva Server. The company's professional services include consulting services, training-related services to customers and partners, and software maintenance services, including technical support. GA eXpress has subsidiaries in the United States, Canada, Australia, and United Kingdom. The company, formerly known as General Automation, Inc., is based in Vancouver, Canada.

Full GAEX 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.