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INDHF vs GBDC: Dividend Comparison 2026

INDHF yields 5.56% · GBDC yields 11.85%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.00M in total portfolio value
10 years
INDHF
INDHF
● Live price
5.56%
Share price
$24.45
Annual div
$1.36
5Y div CAGR
48.1%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$773.1K
Annual income
$455,633.85
Full INDHF 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 — INDHF 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 PeriodINDHFGBDC
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, INDHF + GBDC cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
INDHF pays
GBDC pays
Both pay
Neither
💰

Tax Bracket Optimizer

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

INDHF
Annual income on $10K today (after 15% tax)
$472.80/yr
After 10yr DRIP, annual income (after tax)
$387,288.77/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 $13,543,585.13/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

INDHF: 50%GBDC: 50%
100% GBDC50/50100% INDHF
Portfolio after 10yr
$10.77M
Annual income
$8,422,448.62/yr
Blended yield
78.17%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

INDHF
Analyst Ratings
1
Buy
Consensus: Buy
Altman Z
1.9
Piotroski
6/9
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)

INDHF buys
0
GBDC buys
0
No recent congressional trades found for INDHF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricINDHFGBDC
Forward yield5.56%11.85%
Annual dividend / share$1.36$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR48.1%51.1%
Portfolio after 10y$773.1K$20.78M
Annual income after 10y$455,633.85$16,389,263.41
Total dividends collected$717.4K$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusBuyBuy

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

YearINDHF PortfolioINDHF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$11,524$823.79$12,490$1,790.28$966.00GBDC
2$13,644$1,313.96$16,522$3,157.73$2.9KGBDC
3$16,753$2,153.34$23,578$5,898.68$6.8KGBDC
4$21,585$3,659.47$37,115$11,886.75$15.5KGBDC
5$29,622$6,526.09$66,136$26,423.57$36.5KGBDC
6$44,092$12,396.15$137,257$66,491.44$93.2KGBDC
7$72,717$25,538.78$341,734$194,868.54$269.0KGBDC
8$136,105$58,297.49$1,050,788$685,133.02$914.7KGBDC
9$296,660$151,028.28$4,099,314$2,974,971.01$3.80MGBDC
10$773,060$455,633.85$20,775,530$16,389,263.41$20.00MGBDC

INDHF vs GBDC: Complete Analysis 2026

INDHFStock

INDUS Holding AG is a private equity firm specializing in mergers and acquisitions and corporate spin-offs. The firm does not invest in retail and service companies, pure trading or consumer goods businesses, companies with significant dependencies on individual business partners, start-ups, turnarounds, mature businesses, and companies undergoing restructuring. The firm typically invests in middle market and mature companies. It primarily makes long-term investments in medium-sized manufacturing companies in energy and environmental technology; infrastructure and logistics technology, intelligent logistic infrastructure; automation, measurement and control technology; medical engineering; life science; construction and safety technology; industry; digitalization; green tech; medical equipment for the ageing society; innovative construction technology; and public and private security sectors. The firm acquires small and medium-sized companies based in Germany, Switzerland, Austria, and the German-speaking regions of Europe. It typically invests in companies with annual sales between €20 million ($22.05 million) and €100 million ($110.28 million), EBIT between €2 million ($2.66 million) and €10 million ($13.28 million), equity ratio above 30 percent, and a double digit operating margin. It prefers to invest in companies with low level/no liabilities to banks. The firm seeks to take a majority stake in its portfolio companies initially and building it up to 100 percent. It prefers to acquire mainly owner-managed companies. It also seeks second-level acquisition opportunities. The firm invests through its balance sheet. INDUS Holding AG was founded in 1989 and is based in Bergisch Gladbach, Germany.

Full INDHF 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.