HomeCompareHLAN vs GBDC

HLAN vs GBDC: Dividend Comparison 2026

HLAN yields 1.90% · GBDC yields 11.85%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.37M in total portfolio value
10 years
HLAN
HLAN
● Live price
1.90%
Share price
$160.00
Annual div
$3.04
5Y div CAGR
65.3%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$400.9K
Annual income
$238,558.72
Full HLAN 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 — HLAN 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 PeriodHLANGBDC
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, HLAN + GBDC cover 0 of 12 monthsgood coverage

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

HLAN
Annual income on $10K today (after 15% tax)
$161.29/yr
After 10yr DRIP, annual income (after tax)
$202,774.91/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 $13,728,098.99/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

HLAN: 50%GBDC: 50%
100% GBDC50/50100% HLAN
Portfolio after 10yr
$10.59M
Annual income
$8,313,911.06/yr
Blended yield
78.52%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

HLAN
Analyst Ratings
1
Buy
1
Hold
Consensus: Buy
Price Target
$100.00
-37.5% upside vs current
Range: $100.00 — $100.00
Altman Z
0.3
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)

HLAN 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 →
MetricHLANGBDC
Forward yield1.90%11.85%
Annual dividend / share$3.04$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR65.3%51.1%
Portfolio after 10y$400.9K$20.78M
Annual income after 10y$238,558.72$16,389,263.41
Total dividends collected$364.4K$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusBuyBuy
Analyst price target$100.00$14.00

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

YearHLAN PortfolioHLAN Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$11,014$313.66$12,490$1,790.28$1.5KGBDC
2$12,318$533.67$16,522$3,157.73$4.2KGBDC
3$14,103$922.11$23,578$5,898.68$9.5KGBDC
4$16,721$1,630.89$37,115$11,886.75$20.4KGBDC
5$20,878$2,987.22$66,136$26,423.57$45.3KGBDC
6$28,102$5,762.32$137,257$66,491.44$109.2KGBDC
7$42,051$11,982.02$341,734$194,868.54$299.7KGBDC
8$72,694$27,698.65$1,050,788$685,133.02$978.1KGBDC
9$151,754$73,971.38$4,099,314$2,974,971.01$3.95MGBDC
10$400,935$238,558.72$20,775,530$16,389,263.41$20.37MGBDC

HLAN vs GBDC: Complete Analysis 2026

HLANStock

Heartland BancCorp operates as the bank holding company for Heartland Bank that provides various banking and financial services to individual and corporate customers. The company offers personal and business checking and savings accounts. It also provides various lending solutions comprising home mortgage loans; personal loans, such as home equity and personal unsecured loans, as well as automobile, boat, motorcycle, power sport vehicle, recreational vehicle, and trailer loans; commercial and residential real estate loans, construction loans, small business administration loans, and working capital lines of credit and equipment financing; participation loans; financial solutions for various markets; and agribusiness lending solutions. In addition, the company offers credit and debit cards, wire transfers, night depository, safe deposit boxes, cashier's checks, notary services, overdraft protection, treasury management, retirement and education planning, wealth management, mobile wallet, and online banking services, as well as insurance products and services. It operates through a network of 18 full-service banking offices in central Ohio and northern Kentucky. The company was founded in 1911 and is based in Whitehall, Ohio.

Full HLAN 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.