HomeCompareGBDC vs TEF

GBDC vs TEF: Dividend Comparison 2026

GBDC yields 11.86% · TEF yields 9.19%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.83M 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 →
TEF
TEF
● Live price
9.19%
Share price
$3.81
Annual div
$0.35
5Y div CAGR
-41.8%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$21.9K
Annual income
$4.56
Full TEF calculator →

Portfolio growth — GBDC vs TEF

📍 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 PeriodGBDCTEF
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 + TEF cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
GBDC pays
TEF 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
TEF
Annual income on $10K today (after 15% tax)
$780.84/yr
After 10yr DRIP, annual income (after tax)
$3.88/yr
At 15% tax rate, GBDC beats the other by $13,983,119.88/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

GBDC: 50%TEF: 50%
100% TEF50/50100% GBDC
Portfolio after 10yr
$10.44M
Annual income
$8,225,369.20/yr
Blended yield
78.82%
📊

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
TEF
Analyst Ratings
8
Buy
7
Hold
5
Sell
Consensus: Buy
Altman Z
0.7
Piotroski
3/9
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
0
TEF buys
0
No recent congressional trades found for GBDC or TEF in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricGBDCTEF
Forward yield11.86%9.19%
Annual dividend / share$1.50$0.35
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR51.1%-41.8%
Portfolio after 10y$20.85M$21.9K
Annual income after 10y$16,450,733.83$4.56
Total dividends collected$20.43M$1.3K
Payment frequencyquarterlyquarterly
SectorBDCStock
Analyst consensusBuyBuy

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

YearGBDC PortfolioGBDC Income/yrTEF PortfolioTEF Income/yrGap
1← crossover$12,492$1,791.70$11,235$534.65+$1.3KGBDC
2$16,527$3,160.58$12,348$326.71+$4.2KGBDC
3$23,588$5,904.90$13,407$195.31+$10.2KGBDC
4$37,141$11,901.65$14,461$115.35+$22.7KGBDC
5$66,205$26,463.38$15,541$67.68+$50.7KGBDC
6$137,452$66,612.65$16,669$39.56+$120.8KGBDC
7$342,372$195,298.53$17,859$23.08+$324.5KGBDC
8$1,053,292$686,954.33$19,122$13.45+$1.03MGBDC
9$4,111,439$2,984,416.95$20,469$7.83+$4.09MGBDC
10$20,849,974$16,450,733.83$21,906$4.56+$20.83MGBDC

GBDC vs TEF: 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 →

TEFStock

Telefónica, S.A., together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services. Its fixed telecommunication services include PSTN lines; ISDN accesses; public telephone services; local, domestic, and international long-distance and fixed-to-mobile communications; corporate communications; supplementary value-added services; video telephony; intelligent network; and telephony information services, as well as leases and sells handset equipment. The company also provides Internet and broadband multimedia services comprising Internet service provider, portal and network, retail and wholesale broadband access, narrowband switched access, high-speed Internet through fibre to the home, and voice over Internet protocol services. In addition, it offers leased line, virtual private network, fibre optics, web hosting and application, outsourcing and consultancy, desktop, and system integration and professional services. Further, the company offers wholesale services for telecommunication operators, including domestic interconnection and international wholesale services; leased lines for other operators; and local loop leasing services, as well as bit stream services, wholesale line rental accesses, and leased ducts for other operators' fiber deployment. Additionally, it provides video/TV services; smart connectivity and services, and consumer IoT products; financial and other payment, security, cloud computing, advertising, big data, and digital telco experience services; virtual assistants; digital home platforms; and Movistar Home devices. It also offers online telemedicine, home insurance, music streaming, and consumer loan services. The company was incorporated in 1924 and is headquartered in Madrid, Spain.

Full TEF 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.