Is IMPL or GBDC a better dividend investment in 2026?

IMPL currently yields 5000.00% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: IMPL offers higher current income.

What is the dividend yield difference between IMPL and GBDC?

IMPL has a forward dividend yield of 5000.00% ($2.00/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 4988.14 percentage points.

Home › Compare › IMPL vs GBDC

IMPL vs GBDC: Dividend Comparison 2026

IMPL yields 5000.00% · GBDC yields 11.86%● Live data

vsPost on X →

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

🏆 IMPL wins by $62217131802804.50M in total portfolio value

INVESTMENT

TIME HORIZON10 years

IMPL

● Live price

5000.00%

Share price

$0.04

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$62217131802825.35M

Annual income

$59,861,980,287,378,210,000.00

Full IMPL 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 — IMPL vs GBDC

📍 IMPL 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 Period	IMPL	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, IMPL + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

IMPL pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

IMPL

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

$425,000.00/yr

After 10yr DRIP, annual income (after tax)

$50,882,683,244,271,480,000.00/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, IMPL beats the other by $50,882,683,244,257,490,000.00/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

IMPL: 50%GBDC: 50%

100% GBDC50/50100% IMPL

Portfolio after 10yr

$31108565901423.10M

Annual income

$29,930,990,143,697,330,000.00/yr

Blended yield

96.21%

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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

IMPL

Analyst Ratings

Buy

Hold

Consensus: Buy

Altman Z

-23.9

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.

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Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

IMPL buys

GBDC buys

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

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

MetricIMPLGBDC

Forward yield	5000.00% ✓	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	$62217131802825.35M ✓	$20.85M
Annual income after 10y	$59,861,980,287,378,210,000.00 ✓	$16,450,733.83
Total dividends collected	$62057786341622.61M ✓	$20.43M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC
Analyst consensus	Buy	Buy

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

Year	IMPL Portfolio	IMPL Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$510,700	$500,000.00	$12,492	$1,791.70	+$498.2K → IMPL
2	$24,410,935	$23,864,485.98	$16,527	$3,160.58	+$24.39M → IMPL
3	$1,092,192,501	$1,066,072,800.30	$23,588	$5,904.90	+$1092.17M → IMPL
4	$45,746,366,951	$44,577,720,975.17	$37,141	$11,901.65	+$45746.33M → IMPL
5	$1,793,932,828,410	$1,744,984,215,772.56	$66,205	$26,463.38	+$1793932.76M → IMPL
6	$65,871,973,805,320	$63,952,465,678,921.49	$137,452	$66,612.65	+$65871973.67M → IMPL
7	$2,265,146,887,602,700	$2,194,663,875,631,007.20	$342,372	$195,298.53	+$2265146887.26M → IMPL
8	$72,954,689,148,998,180	$70,530,981,979,263,280.00	$1,053,292	$686,954.33	+$72954689147.94M → IMPL
9	$2,201,076,182,660,884,700	$2,123,014,665,271,456,500.00	$4,111,439	$2,984,416.95	+$2201076182656.77M → IMPL
10	$62,217,131,802,825,350,000	$59,861,980,287,378,210,000.00	$20,849,974	$16,450,733.83	+$62217131802804.50M → IMPL

IMPL vs GBDC: Complete Analysis 2026

IMPL — Stock

Impel Pharmaceuticals Inc., a commercial-stage biopharmaceutical company, focuses on the development and commercialization of therapies for patients suffering from central nervous system disease in the United States. Its lead product candidate is Trudhesa, an upper nasal formulation of dihydroergotamine for the acute treatment of migraine. The company is also developing INP105, an upper nasal formulation of olanzapine for the acute treatment of agitation and aggression in autism spectrum disorder; and INP107, an upper nasal formulation of carbidopa/levodopa, which has completed Phase IIa clinical trial for the treatment of OFF episodes in Parkinson's disease. Impel Pharmaceuticals Inc. was formerly known as Impel NeuroPharma, Inc. and changed its name to Impel Pharmaceuticals Inc. in April 2022. Impel Pharmaceuticals Inc. was incorporated in 2008 and is headquartered in Seattle, Washington.

Full IMPL 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.