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GDNEF vs GBDC: Dividend Comparison 2026

GDNEF yields 245.70% · GBDC yields 11.85%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 GDNEF wins by $392.43M in total portfolio value
10 years
GDNEF
GDNEF
● Live price
245.70%
Share price
$0.81
Annual div
$2.00
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$413.21M
Annual income
$229,479,241.45
Full GDNEF calculator →
GBDC
GBDC
● Live price
11.85%
Share price
$12.66
Annual div
$1.50
5Y div CAGR
51.1%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$20.78M
Annual income
$16,389,263.41
Full GBDC calculator →

Portfolio growth — GDNEF vs GBDC

📍 GDNEF 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 PeriodGDNEFGBDC
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, GDNEF + GBDC cover 0 of 12 monthsgood coverage

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

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

GDNEF
Annual income on $10K today (after 15% tax)
$20,884.52/yr
After 10yr DRIP, annual income (after tax)
$195,057,355.23/yr
GBDC
Annual income on $10K today (after 15% tax)
$1,007.11/yr
After 10yr DRIP, annual income (after tax)
$13,930,873.90/yr
At 15% tax rate, GDNEF beats the other by $181,126,481.33/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

GDNEF: 50%GBDC: 50%
100% GBDC50/50100% GDNEF
Portfolio after 10yr
$216.99M
Annual income
$122,934,252.43/yr
Blended yield
56.65%
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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

GDNEF
No analyst data
GBDC
Analyst Ratings
6
Buy
5
Hold
Consensus: Buy
Price Target
$14.00
+10.6% 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.
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Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

GDNEF buys
0
GBDC buys
2
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 →
MetricGDNEFGBDC
Forward yield245.70%11.85%
Annual dividend / share$2.00$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1%
Portfolio after 10y$413.21M$20.78M
Annual income after 10y$229,479,241.45$16,389,263.41
Total dividends collected$393.48M$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearGDNEF PortfolioGDNEF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$35,270$24,570.02$12,490$1,790.28+$22.8KGDNEF
2$118,728$80,989.29$16,522$3,157.73+$102.2KGDNEF
3$381,835$254,795.63$23,578$5,898.68+$358.3KGDNEF
4$1,174,389$765,825.42$37,115$11,886.75+$1.14MGDNEF
5$3,457,912$2,201,315.72$66,136$26,423.57+$3.39MGDNEF
6$9,757,565$6,057,599.95$137,257$66,491.44+$9.62MGDNEF
7$26,415,725$15,975,129.74$341,734$194,868.54+$26.07MGDNEF
8$68,683,464$40,418,638.15$1,050,788$685,133.02+$67.63MGDNEF
9$171,708,508$98,217,201.78$4,099,314$2,974,971.01+$167.61MGDNEF
10$413,207,345$229,479,241.45$20,775,530$16,389,263.41+$392.43MGDNEF

GDNEF vs GBDC: Complete Analysis 2026

GDNEFStock

Golden Eagle Retail Group Limited, an investment holding company, engages in development and operation of lifestyle center and stylish department stores in the People's Republic of China. The company operates through three segments: Retail Operations; Property Development and Hotel Operations; and Other Operations. It also operates supermarkets and hotels. As of December 31, 2021, the company operated 31 self-owned stores with a total gross floor area of 2,529,930 square meters and a total operating area of 1,713,415 square meters; and 15 lifestyle centers with a total gross floor area of 1,971,090 square meters in the People's Republic of China. In addition, it engages in online trading activities; property holding; operation of aquariums; and trading of cosmetic products. Further, the company is involved in the property development and investment activities. Additionally, it offers communication and information services, as well as invests in education services. The company is headquartered in Nanjing, China. Golden Eagle Retail Group Limited is a subsidiary of Golden Eagle International Retail Group Limited.

Full GDNEF Calculator →

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 →
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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.