Is ICD or GBDC a better dividend investment in 2026?

ICD currently yields 341.41% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: ICD offers higher current income.

What is the dividend yield difference between ICD and GBDC?

ICD has a forward dividend yield of 341.41% ($2.00/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 329.55 percentage points.

Home › Compare › ICD vs GBDC

ICD vs GBDC: Dividend Comparison 2026

ICD yields 341.41% · GBDC yields 11.86%● Live data

vsPost on X →

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

🏆 ICD wins by $3657.46M in total portfolio value

INVESTMENT

TIME HORIZON10 years

ICD

● Live price

341.41%

Share price

$0.59

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$3678.31M

Annual income

$2,333,686,688.02

Full ICD 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 — ICD vs GBDC

📍 ICD pulled ahead of the other in Year 1

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	ICD	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, ICD + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

ICD pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

ICD

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

$29,020.14/yr

After 10yr DRIP, annual income (after tax)

$1,983,633,684.82/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, ICD beats the other by $1,969,650,561.06/year in after-tax income after 10 years on $10,000

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Lazy Portfolio Split Optimizer

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

ICD: 50%GBDC: 50%

100% GBDC50/50100% ICD

Portfolio after 10yr

$1849.58M

Annual income

$1,175,068,710.93/yr

Blended yield

63.53%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

ICD

No analyst data

Altman Z

-1.9

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.

🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

ICD buys

GBDC buys

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

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

MetricICDGBDC

Forward yield	341.41% ✓	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	$3678.31M ✓	$20.85M
Annual income after 10y	$2,333,686,688.02 ✓	$16,450,733.83
Total dividends collected	$3548.81M ✓	$20.43M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	ICD Portfolio	ICD Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$44,841	$34,141.35	$12,492	$1,791.70	+$32.3K → ICD
2	$191,059	$143,078.86	$16,527	$3,160.58	+$174.5K → ICD
3	$774,179	$569,745.37	$23,588	$5,904.90	+$750.6K → ICD
4	$2,985,969	$2,157,597.68	$37,141	$11,901.65	+$2.95M → ICD
5	$10,972,321	$7,777,334.57	$66,205	$26,463.38	+$10.91M → ICD
6	$38,449,545	$26,709,161.35	$137,452	$66,612.65	+$38.31M → ICD
7	$128,613,035	$87,472,022.30	$342,372	$195,298.53	+$128.27M → ICD
8	$411,066,732	$273,450,784.03	$1,053,292	$686,954.33	+$410.01M → ICD
9	$1,256,654,584	$816,813,180.61	$4,111,439	$2,984,416.95	+$1252.54M → ICD
10	$3,678,307,093	$2,333,686,688.02	$20,849,974	$16,450,733.83	+$3657.46M → ICD

ICD vs GBDC: Complete Analysis 2026

ICD — Stock

Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. The company constructs, owns, and operates a fleet of pad-optimal ShaleDriller rigs in the Permian Basin, the Haynesville Shale, and the Eagle Ford Shale. Its fleet consists of 24 rigs. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas.

Full ICD 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.