HomeCompareHLBZF vs GBDC

HLBZF vs GBDC: Dividend Comparison 2026

HLBZF yields 1.77% · GBDC yields 11.85%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 HLBZF wins by $17.69M in total portfolio value· pulled ahead in Year 10
10 years
HLBZF
HLBZF
● Live price
1.77%
Share price
$208.42
Annual div
$3.69
5Y div CAGR
100%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$38.47M
Annual income
$34,705,923.06
Full HLBZF 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 — HLBZF vs GBDC

📍 HLBZF pulled ahead of the other in Year 10

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 PeriodHLBZFGBDC
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%.
📅

Dividend Calendar Overlap

Combined, HLBZF + GBDC cover 0 of 12 monthsgood coverage

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

HLBZF
Annual income on $10K today (after 15% tax)
$150.61/yr
After 10yr DRIP, annual income (after tax)
$29,500,034.60/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, HLBZF beats the other by $15,569,160.70/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

HLBZF: 50%GBDC: 50%
100% GBDC50/50100% HLBZF
Portfolio after 10yr
$29.62M
Annual income
$25,547,593.23/yr
Blended yield
86.25%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

HLBZF
Analyst Ratings
1
Sell
Consensus: Sell
Altman Z
2.6
Piotroski
8/9
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.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

HLBZF buys
0
GBDC buys
0
No recent congressional trades found for HLBZF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricHLBZFGBDC
Forward yield1.77%11.85%
Annual dividend / share$3.69$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR100%51.1%
Portfolio after 10y$38.47M$20.78M
Annual income after 10y$34,705,923.06$16,389,263.41
Total dividends collected$38.15M$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusSellBuy

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

YearHLBZF PortfolioHLBZF Income/yrGBDC PortfolioGBDC Income/yrGap
1$11,054$354.38$12,490$1,790.28$1.4KGBDC
2$12,560$732.24$16,522$3,157.73$4.0KGBDC
3$14,995$1,555.13$23,578$5,898.68$8.6KGBDC
4$19,515$3,470.15$37,115$11,886.75$17.6KGBDC
5$29,322$8,441.39$66,136$26,423.57$36.8KGBDC
6$55,082$23,707.96$137,257$66,491.44$82.2KGBDC
7$142,184$83,245.48$341,734$194,868.54$199.6KGBDC
8$553,783$401,645.91$1,050,788$685,133.02$497.0KGBDC
9$3,516,558$2,924,010.24$4,099,314$2,974,971.01$582.8KGBDC
10← crossover$38,468,640$34,705,923.06$20,775,530$16,389,263.41+$17.69MHLBZF

HLBZF vs GBDC: Complete Analysis 2026

HLBZFStock

HeidelbergCement AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products, natural stone aggregates, such as sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and concrete/ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts consisting of stairs, ceiling elements, or structural components. In addition, it provides asphalt primarily used as a top layer in road construction, as well as trades in cement, clinker, secondary cementitious materials, and solid and alternative fuels. HeidelbergCement AG was founded in 1873 and is headquartered in Heidelberg, Germany.

Full HLBZF 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.