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GJNSF vs GBDC: Dividend Comparison 2026

GJNSF yields 8.54% · GBDC yields 11.85%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.75M in total portfolio value
10 years
GJNSF
GJNSF
● Live price
8.54%
Share price
$17.52
Annual div
$1.50
5Y div CAGR
-20.2%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$24.8K
Annual income
$112.38
Full GJNSF 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 — GJNSF vs GBDC

📍 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 PeriodGJNSFGBDC
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, GJNSF + GBDC cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
GJNSF 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.

GJNSF
Annual income on $10K today (after 15% tax)
$726.01/yr
After 10yr DRIP, annual income (after tax)
$95.52/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, GBDC beats the other by $13,930,778.38/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

GJNSF: 50%GBDC: 50%
100% GBDC50/50100% GJNSF
Portfolio after 10yr
$10.40M
Annual income
$8,194,687.89/yr
Blended yield
78.79%
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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

GJNSF
No analyst data
Altman Z
0.7
Piotroski
5/9
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)

GJNSF 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 →
MetricGJNSFGBDC
Forward yield8.54%11.85%
Annual dividend / share$1.50$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR-20.2%51.1%
Portfolio after 10y$24.8K$20.78M
Annual income after 10y$112.38$16,389,263.41
Total dividends collected$3.4K$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearGJNSF PortfolioGJNSF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$11,382$681.60$12,490$1,790.28$1.1KGBDC
2$12,757$578.56$16,522$3,157.73$3.8KGBDC
3$14,133$483.63$23,578$5,898.68$9.4KGBDC
4$15,522$399.61$37,115$11,886.75$21.6KGBDC
5$16,936$327.31$66,136$26,423.57$49.2KGBDC
6$18,388$266.34$137,257$66,491.44$118.9KGBDC
7$19,891$215.67$341,734$194,868.54$321.8KGBDC
8$21,457$173.99$1,050,788$685,133.02$1.03MGBDC
9$23,099$139.98$4,099,314$2,974,971.01$4.08MGBDC
10$24,829$112.38$20,775,530$16,389,263.41$20.75MGBDC

GJNSF vs GBDC: Complete Analysis 2026

GJNSFStock

Gjensidige Forsikring ASA provides general insurance and pension products in Norway, Sweden, Denmark, Latvia, Lithuania, and Estonia. The company operates through six segments: General Insurance Private, General Insurance Commercial, General Insurance Denmark, General Insurance Sweden, General Insurance Baltics, and Pension. It offers motor, home, accident and health, travel, leisure craft, boat, valuables, liability, commercial, marine/transport, agriculture, natural perils, life, and pet insurance products. The company also provides defined contribution occupational pension schemes for businesses, which include disability pension, spouse/cohabitant pension, and child's pension products. It distributes its products through various distribution channels comprising office channel, call center, Internet, partners, and brokers to private and commercial customers. The company was founded in 1816 and is headquartered in Oslo, Norway.

Full GJNSF 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.