HomeCompareGBDC vs PNNT

GBDC vs PNNT: Dividend Comparison 2026

GBDC yields 11.86% · PNNT yields 21.82%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 PNNT wins by $2466.27M 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 →
PNNT
PNNT
● Live price
21.82%
Share price
$4.40
Annual div
$0.96
5Y div CAGR
57.6%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$2487.12M
Annual income
$2,270,557,040.91
Full PNNT calculator →

Portfolio growth — GBDC vs PNNT

📍 PNNT 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 PeriodGBDCPNNT
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 + PNNT cover 0 of 12 monthsgood coverage

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

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
PNNT
Annual income on $10K today (after 15% tax)
$1,854.55/yr
After 10yr DRIP, annual income (after tax)
$1,929,973,484.77/yr
At 15% tax rate, PNNT beats the other by $1,915,990,361.02/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

GBDC: 50%PNNT: 50%
100% PNNT50/50100% GBDC
Portfolio after 10yr
$1253.99M
Annual income
$1,143,503,887.37/yr
Blended yield
91.19%
📊

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
PNNT
Analyst Ratings
3
Buy
11
Hold
1
Sell
Consensus: Hold
Price Target
$6.17
+40.2% upside vs current
Range: $5.50 — $7.00
Altman Z
-0.1
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)

GBDC buys
2
PNNT 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 →
MetricGBDCPNNT
Forward yield11.86%21.82%
Annual dividend / share$1.50$0.96
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR51.1%57.6%
Portfolio after 10y$20.85M$2487.12M
Annual income after 10y$16,450,733.83$2,270,557,040.91
Total dividends collected$20.43M$2470.97M
Payment frequencyquarterlyquarterly
SectorBDCBDC
Analyst consensusBuyHold
Analyst price target$14.00$6.17

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

YearGBDC PortfolioGBDC Income/yrPNNT PortfolioPNNT Income/yrGap
1← crossover$12,492$1,791.70$14,139$3,438.55$1.6KPNNT
2$16,527$3,160.58$22,289$7,160.64$5.8KPNNT
3$23,588$5,904.90$40,476$16,626.77$16.9KPNNT
4$37,141$11,901.65$87,781$44,472.18$50.6KPNNT
5$66,205$26,463.38$235,984$142,058.38$169.8KPNNT
6$137,452$66,612.65$815,001$562,497.15$677.5KPNNT
7$342,372$195,298.53$3,733,376$2,861,325.49$3.39MPNNT
8$1,053,292$686,954.33$23,300,323$19,305,611.09$22.25MPNNT
9$4,111,439$2,984,416.95$202,397,772$177,466,426.06$198.29MPNNT
10$20,849,974$16,450,733.83$2,487,122,657$2,270,557,040.91$2466.27MPNNT

GBDC vs PNNT: 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 →

PNNTBDC

PennantPark Investment Corporation, a business development company is a private equity fund specializes in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt, senior secured loans, and equity investments. The fund typically invests in buildings and real estate, hotels, gaming and leisure, technology, telecommunications, transportation, information technology services, electronics, healthcare & pharmaceuticals, education and childcare, financial services, printing and publishing, consumer products, business services, energy & Related Services and utilities, distribution, oil and gas, media, environmental services, aerospace and defense, building materials, capital equipment, chemicals, plastics, & rubber, food & beverage, wholesale, manufacturing and basic industries and retail. It invests in equity securities and debt transactions through preferred stock, common stock, warrants, options, senior secured debt, subordinated debt, subordinated loans, first lien debt, mezzanine loans, and distressed debt securities and private equity co-investments. It seeks to invest in companies based in the United States. The fund seeks to invest between $10 million and $100 million cross the capital structure (senior secured loans, subordinated debt, and other investments) in its portfolio companies with EBITDA between $10 to $50 million. Its mezzanine loans, senior secured loans, and other investments in its portfolio companies are between $15 million and $50 million. The fund may also make non-control equity and debt investments.

Full PNNT 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.