HomeCompareGBDC vs AWR

GBDC vs AWR: Dividend Comparison 2026

GBDC yields 11.86% · AWR yields 2.58%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.67M 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 →
AWR
AWR
● Live price
2.58%
Share price
$76.72
Annual div
$1.98
5Y div CAGR
51.3%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$184.5K
Annual income
$83,320.36
Full AWR calculator →

Portfolio growth — GBDC vs AWR

📍 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 PeriodGBDCAWR
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 + AWR cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
GBDC pays
AWR 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
AWR
Annual income on $10K today (after 15% tax)
$219.09/yr
After 10yr DRIP, annual income (after tax)
$70,822.31/yr
At 15% tax rate, GBDC beats the other by $13,912,301.45/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

GBDC: 50%AWR: 50%
100% AWR50/50100% GBDC
Portfolio after 10yr
$10.52M
Annual income
$8,267,027.10/yr
Blended yield
78.60%
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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC 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
AWR
Analyst Ratings
2
Buy
5
Hold
3
Sell
Consensus: Hold
Price Target
$89.50
+16.7% upside vs current
Range: $87.00 — $92.00
Altman Z
1.9
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)

GBDC buys
2
AWR 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 →
MetricGBDCAWR
Forward yield11.86%2.58%
Annual dividend / share$1.50$1.98
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR51.1%51.3%
Portfolio after 10y$20.85M$184.5K
Annual income after 10y$16,450,733.83$83,320.36
Total dividends collected$20.43M$153.5K
Payment frequencyquarterlyquarterly
SectorBDCStock
Analyst consensusBuyHold
Analyst price target$14.00$89.50

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

YearGBDC PortfolioGBDC Income/yrAWR PortfolioAWR Income/yrGap
1← crossover$12,492$1,791.70$11,090$389.98+$1.4KGBDC
2$16,527$3,160.58$12,478$611.55+$4.0KGBDC
3$23,588$5,904.90$14,324$972.96+$9.3KGBDC
4$37,141$11,901.65$16,906$1,579.37+$20.2KGBDC
5$66,205$26,463.38$20,726$2,635.82+$45.5KGBDC
6$137,452$66,612.65$26,745$4,569.09+$110.7KGBDC
7$342,372$195,298.53$36,955$8,337.34+$305.4KGBDC
8$1,053,292$686,954.33$55,831$16,289.43+$997.5KGBDC
9$4,111,439$2,984,416.95$94,538$34,798.89+$4.02MGBDC
10$20,849,974$16,450,733.83$184,476$83,320.36+$20.67MGBDC

GBDC vs AWR: 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.

Full GBDC Calculator →

AWRStock

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity. As of December 31, 2021, American States Water Company provided water service to 262,770 customers located throughout 10 counties in the State of California; and distributed electricity to 24,656 customers in San Bernardino County mountain communities in California. The company also provides water and/or wastewater services, including the operation, maintenance, and construction of facilities at the water and/or wastewater systems at various military installations. American States Water Company was incorporated in 1929 and is based in San Dimas, California.

Full AWR 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.