HomeCompareGBDC vs APD

GBDC vs APD: Dividend Comparison 2026

GBDC yields 11.86% · APD yields 2.46%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.77M in total portfolio value
10 years
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 →
APD
APD
● Live price
2.46%
Share price
$291.56
Annual div
$7.16
5Y div CAGR
42.5%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$84.4K
Annual income
$25,407.75
Full APD calculator →

Portfolio growth — GBDC vs APD

📍 GBDC 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 PeriodGBDCAPD
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, GBDC + APD cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
GBDC pays
APD pays
Both pay
Neither
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Tax Bracket Optimizer

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

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
APD
Annual income on $10K today (after 15% tax)
$208.74/yr
After 10yr DRIP, annual income (after tax)
$21,596.59/yr
At 15% tax rate, GBDC beats the other by $13,961,527.17/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

GBDC: 50%APD: 50%
100% APD50/50100% GBDC
Portfolio after 10yr
$10.47M
Annual income
$8,238,070.79/yr
Blended yield
78.70%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on APD right now

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
APD
Analyst Ratings
23
Buy
19
Hold
Consensus: Buy
Price Target
$296.33
+1.6% upside vs current
Range: $255.00 — $335.00
Altman Z
2.6
Piotroski
4/9
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)

GBDC buys
2
APD buys
0
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 →
MetricGBDCAPD
Forward yield11.86%2.46%
Annual dividend / share$1.50$7.16
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR51.1%42.5%
Portfolio after 10y$20.85M$84.4K
Annual income after 10y$16,450,733.83$25,407.75
Total dividends collected$20.43M$58.3K
Payment frequencyquarterlyquarterly
SectorBDCMaterials
Analyst consensusBuyBuy
Analyst price target$14.00$296.33

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

YearGBDC PortfolioGBDC Income/yrAPD PortfolioAPD Income/yrGap
1← crossover$12,492$1,791.70$11,050$349.95+$1.4KGBDC
2$16,527$3,160.58$12,338$514.98+$4.2KGBDC
3$23,588$5,904.90$13,968$765.81+$9.6KGBDC
4$37,141$11,901.65$16,100$1,154.58+$21.0KGBDC
5$66,205$26,463.38$19,000$1,772.38+$47.2KGBDC
6$137,452$66,612.65$23,115$2,785.49+$114.3KGBDC
7$342,372$195,298.53$29,246$4,513.18+$313.1KGBDC
8$1,053,292$686,954.33$38,898$7,604.83+$1.01MGBDC
9$4,111,439$2,984,416.95$55,092$13,470.41+$4.06MGBDC
10$20,849,974$16,450,733.83$84,356$25,407.75+$20.77MGBDC

GBDC vs APD: Complete Analysis 2026

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.

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APDMaterials

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals. It also designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage. Air Products and Chemicals, Inc. has a strategic collaboration with Baker Hughes Company to develop hydrogen compression systems. The company was founded in 1940 and is headquartered in Allentown, Pennsylvania.

Full APD 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.