Is GNCLF or GBDC a better dividend investment in 2026?

GNCLF currently yields 3333.33% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: GNCLF offers higher current income.

What is the dividend yield difference between GNCLF and GBDC?

GNCLF has a forward dividend yield of 3333.33% ($2.00/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 3321.47 percentage points.

Home › Compare › GNCLF vs GBDC

GNCLF vs GBDC: Dividend Comparison 2026

GNCLF yields 3333.33% · GBDC yields 11.86%● Live data

vsPost on X →

After 10 years · $10,000 invested · DRIP enabled

🏆 GNCLF wins by $1244041712869.55M in total portfolio value

INVESTMENT

TIME HORIZON10 years

GNCLF

● Live price

3333.33%

Share price

$0.06

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$1244041712890.40M

Annual income

$1,174,716,366,071,938,000.00

Full GNCLF calculator →

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 →

Portfolio growth — GNCLF vs GBDC

📍 GNCLF 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 Period	GNCLF	GBDC
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, GNCLF + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

GNCLF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

GNCLF

Annual income on $10K today (after 15% tax)

$283,333.33/yr

After 10yr DRIP, annual income (after tax)

$998,508,911,161,147,300.00/yr

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

At 15% tax rate, GNCLF beats the other by $998,508,911,147,164,200.00/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

GNCLF: 50%GBDC: 50%

100% GBDC50/50100% GNCLF

Portfolio after 10yr

$622020856455.62M

Annual income

$587,358,183,044,194,400.00/yr

Blended yield

94.43%

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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

GNCLF

No analyst data

Altman Z

-31.3

Piotroski

3/9

GBDC

Analyst Ratings

Buy

Hold

Consensus: Buy

Price Target

$14.00

+10.7% 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)

GNCLF buys

GBDC buys

No recent congressional trades found for GNCLF or GBDC in the last 90 days.

STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →

MetricGNCLFGBDC

Forward yield	3333.33% ✓	11.86%
Annual dividend / share	$2.00 ✓	$1.50
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	0%	51.1% ✓
Portfolio after 10y	$1244041712890.40M ✓	$20.85M
Annual income after 10y	$1,174,716,366,071,938,000.00 ✓	$16,450,733.83
Total dividends collected	$1239274250481.68M ✓	$20.43M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	GNCLF Portfolio	GNCLF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$344,033	$333,333.33	$12,492	$1,791.70	+$331.5K → GNCLF
2	$11,085,665	$10,717,549.33	$16,527	$3,160.58	+$11.07M → GNCLF
3	$334,616,633	$322,754,971.08	$23,588	$5,904.90	+$334.59M → GNCLF
4	$9,462,934,690	$9,104,894,892.71	$37,141	$11,901.65	+$9462.90M → GNCLF
5	$250,766,259,005	$240,640,918,887.41	$66,205	$26,463.38	+$250766.19M → GNCLF
6	$6,228,082,462,189	$5,959,762,565,053.11	$137,452	$66,612.65	+$6228082.32M → GNCLF
7	$144,998,525,500,125	$138,334,477,265,582.72	$342,372	$195,298.53	+$144998525.16M → GNCLF
8	$3,165,074,899,913,431	$3,009,926,477,628,297.00	$1,053,292	$686,954.33	+$3165074898.86M → GNCLF
9	$64,790,043,755,570,470	$61,403,413,612,663,110.00	$4,111,439	$2,984,416.95	+$64790043751.46M → GNCLF
10	$1,244,041,712,890,398,500	$1,174,716,366,071,938,000.00	$20,849,974	$16,450,733.83	+$1244041712869.55M → GNCLF

GNCLF vs GBDC: Complete Analysis 2026

GNCLF — Stock

GenCell Ltd. develops fuel cell solutions that offer clean power worldwide. The company's products include GenCell FOX, an off-grid power solution for telecoms, schools, water purification, and other applications; GenCell REX, a utility backup power solution that produces 5kW of auxiliary electricity for substations during outages of any duration; and GenCell BOX, a long-duration backup power solution that provides unlimited source of 5kW backup power for telecom and critical communications applications. It also provides GENCELL EVOX, a green grid-independent EV charging station that keeps running 24/7, providing reliable, fast charging to multiple vehicles; and GenCell IoT Remote Manager, a solution that supports backup power equipment in utilities, telecom, homeland security, healthcare, and other industrial applications. The company was incorporated in 2011 and is headquartered in Petah Tikva, Israel.

Full GNCLF Calculator →

GBDC — BDC

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.