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HGLD vs GBDC: Dividend Comparison 2026

HGLD yields 270.27% · GBDC yields 11.85%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 HGLD wins by $738.65M in total portfolio value
10 years
HGLD
HGLD
● Live price
270.27%
Share price
$0.74
Annual div
$2.00
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$759.43M
Annual income
$439,524,286.02
Full HGLD 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 — HGLD vs GBDC

📍 HGLD 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 PeriodHGLDGBDC
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, HGLD + GBDC cover 0 of 12 monthsgood coverage

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

HGLD
Annual income on $10K today (after 15% tax)
$22,972.97/yr
After 10yr DRIP, annual income (after tax)
$373,595,643.12/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, HGLD beats the other by $359,664,769.22/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

HGLD: 50%GBDC: 50%
100% GBDC50/50100% HGLD
Portfolio after 10yr
$390.10M
Annual income
$227,956,774.71/yr
Blended yield
58.44%
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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

HGLD
No analyst data
Altman Z
-0.4
Piotroski
3/9
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)

HGLD 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 →
MetricHGLDGBDC
Forward yield270.27%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$759.43M$20.78M
Annual income after 10y$439,524,286.02$16,389,263.41
Total dividends collected$726.21M$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearHGLD PortfolioHGLD Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$37,727$27,027.03$12,490$1,790.28+$25.2KHGLD
2$135,662$95,294.33$16,522$3,157.73+$119.1KHGLD
3$465,409$320,250.45$23,578$5,898.68+$441.8KHGLD
4$1,524,778$1,026,790.34$37,115$11,886.75+$1.49MHGLD
5$4,775,420$3,143,907.74$66,136$26,423.57+$4.71MHGLD
6$14,311,885$9,202,185.51$137,257$66,491.44+$14.17MHGLD
7$41,088,348$25,774,630.79$341,734$194,868.54+$40.75MHGLD
8$113,120,635$69,156,102.86$1,050,788$685,133.02+$112.07MHGLD
9$298,977,565$177,938,485.31$4,099,314$2,974,971.01+$294.88MHGLD
10$759,430,280$439,524,286.02$20,775,530$16,389,263.41+$738.65MHGLD

HGLD vs GBDC: Complete Analysis 2026

HGLDStock

Patagonia Gold Corp., a mining and exploration company, engages in the exploration, exploitation, and development of mineral resources and mineral reserves in Argentina. Its principal project is the Calcatreu project located in south central Rio Negro Province. The company also holds interests in Lomada gold deposit; La Manchuria project; La Josefina project; and Martha Mill property. It holds an option to acquire a 100% interest in the Mina Angela property located in the Province of Chubut, Argentina which comprises of 44 individual claims. In addition, the company's exploration projects comprise Tornado and Huracán, Sarita, Los Toldo, El Gateado, Bajo Pobre project, and La Valenciana. Patagonia Gold Corp. is headquartered in Buenos Aires, Argentina.

Full HGLD 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.