Is HLFFF or GBDC a better dividend investment in 2026?

HLFFF currently yields 47.06% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: HLFFF offers higher current income.

What is the dividend yield difference between HLFFF and GBDC?

HLFFF has a forward dividend yield of 47.06% ($2.00/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 35.20 percentage points.

Home › Compare › HLFFF vs GBDC

HLFFF vs GBDC: Dividend Comparison 2026

HLFFF yields 47.06% · GBDC yields 11.86%● Live data

vsPost on X →

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

🏆 GBDC wins by $20.51M in total portfolio value· pulled ahead in Year 6

INVESTMENT

TIME HORIZON10 years

HLFFF

● Live price

47.06%

Share price

$4.25

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$338.1K

Annual income

$65,270.37

Full HLFFF 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 — HLFFF vs GBDC

📍 GBDC pulled ahead of the other in Year 6

Annual dividend income

🛡️

Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis Period	HLFFF	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, HLFFF + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

HLFFF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

HLFFF

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

$4,000.00/yr

After 10yr DRIP, annual income (after tax)

$55,479.81/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, GBDC beats the other by $13,927,643.94/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

HLFFF: 50%GBDC: 50%

100% GBDC50/50100% HLFFF

Portfolio after 10yr

$10.59M

Annual income

$8,258,002.10/yr

Blended yield

77.95%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

HLFFF

Analyst Ratings

Buy

Sell

Consensus: Buy

Altman Z

3.2

Piotroski

4/9

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.

🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

HLFFF buys

GBDC buys

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

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

MetricHLFFFGBDC

Forward yield	47.06% ✓	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	$338.1K ✓	$20.85M
Annual income after 10y	$65,270.37	$16,450,733.83 ✓
Total dividends collected	$265.9K ✓	$20.43M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC
Analyst consensus	Buy	Buy

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

Year	HLFFF Portfolio	HLFFF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1	$15,406	$4,705.88	$12,492	$1,791.70	+$2.9K → HLFFF
2	$23,260	$6,775.54	$16,527	$3,160.58	+$6.7K → HLFFF
3	$34,449	$9,560.49	$23,588	$5,904.90	+$10.9K → HLFFF
4	$50,093	$13,233.06	$37,141	$11,901.65	+$13.0K → HLFFF
5	$71,583	$17,983.85	$66,205	$26,463.38	+$5.4K → HLFFF
6← crossover	$100,612	$24,017.84	$137,452	$66,612.65	$36.8K → GBDC
7	$139,204	$31,549.19	$342,372	$195,298.53	$203.2K → GBDC
8	$189,743	$40,794.95	$1,053,292	$686,954.33	$863.5K → GBDC
9	$254,993	$51,968.14	$4,111,439	$2,984,416.95	$3.86M → GBDC
10	$338,113	$65,270.37	$20,849,974	$16,450,733.83	$20.51M → GBDC

HLFFF vs GBDC: Complete Analysis 2026

HLFFF — Stock

HelloFresh SE delivers meal kit solutions to prepare home-cooked meals using its recipes. The company offers premium meals, double portions, and others, as well as add-ons, such as soups, snacks, fruit boxes, desserts, ready-to-eat meals, and seasonal boxes. It also sells meal-kits through vending machines. The company has operations in the United States, Australia, Austria, Belgium, Canada, Germany, France, Luxembourg, the Netherlands, New Zealand, Switzerland, Sweden, Denmark, Norway, Italy, Japan, and the United Kingdom. It operates under the HelloFresh brand; and owns the Chefs Plate, EveryPlate, Factor75, Green Chef, and YouFoodz brand names. HelloFresh SE was founded in 2011 and is headquartered in Berlin, Germany.

Full HLFFF 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.