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GAN vs GBDC: Dividend Comparison 2026

GAN yields 101.52% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $16.70M in total portfolio value· pulled ahead in Year 9
10 years
GAN
GAN
● Live price
101.52%
Share price
$1.97
Annual div
$2.00
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$4.15M
Annual income
$1,411,051.39
Full GAN 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 — GAN vs GBDC

📍 GBDC pulled ahead of the other in Year 9

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 PeriodGANGBDC
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, GAN + GBDC cover 0 of 12 months — good coverage

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

Tax Bracket Optimizer

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

GAN
Annual income on $10K today (after 15% tax)
$8,629.44/yr
After 10yr DRIP, annual income (after tax)
$1,199,393.68/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, GBDC beats the other by $12,783,730.07/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

GAN: 50%GBDC: 50%
100% GBDC50/50100% GAN
Portfolio after 10yr
$12.50M
Annual income
$8,930,892.62/yr
Blended yield
71.46%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

GAN
Analyst Ratings
2
Buy
3
Hold
Consensus: Hold
Altman Z
-3.6
Piotroski
3/9
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)

GAN buys
0
GBDC buys
0
No recent congressional trades found for GAN or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricGANGBDC
Forward yield101.52% ✓11.86%
Annual dividend / share$2.00 ✓$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1% ✓
Portfolio after 10y$4.15M$20.85M ✓
Annual income after 10y$1,411,051.39$16,450,733.83 ✓
Total dividends collected$3.71M$20.43M ✓
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusHoldBuy

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

YearGAN PortfolioGAN Income/yrGBDC PortfolioGBDC Income/yrGap
1$20,852$10,152.28$12,492$1,791.70+$8.4K → GAN
2$42,097$19,784.89$16,527$3,160.58+$25.6K → GAN
3$82,373$37,328.94$23,588$5,904.90+$58.8K → GAN
4$156,403$68,264.51$37,141$11,901.65+$119.3K → GAN
5$288,488$121,136.25$66,205$26,463.38+$222.3K → GAN
6$517,502$208,819.97$137,452$66,612.65+$380.1K → GAN
7$903,811$350,084.51$342,372$195,298.53+$561.4K → GAN
8$1,538,498$571,419.57$1,053,292$686,954.33+$485.2K → GAN
9← crossover$2,555,248$909,055.50$4,111,439$2,984,416.95$1.56M → GBDC
10$4,145,167$1,411,051.39$20,849,974$16,450,733.83$16.70M → GBDC

GAN vs GBDC: Complete Analysis 2026

GAN — Stock

GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. The company operates in two segments, B2B and Business-to-Consumer (B2C). It offers and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming. The company also offers online sports betting, online casino game, and peer-to-peer poker services through its coolbet.com website, as well as a range of development, marketing, and customer support services designed to deploy and provide ongoing operational support for its software systems. It serves regional operators and individual tribal casino operators. The company was incorporated in 1999 and is headquartered in Irvine, California.

Full GAN 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.