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INST vs GBDC: Dividend Comparison 2026

INST yields 8.47% · GBDC yields 11.86%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.81M in total portfolio value
10 years
INST
INST
● Live price
8.47%
Share price
$23.60
Annual div
$2.00
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$35.0K
Annual income
$1,447.58
Full INST calculator →
GBDC
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 — INST 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 PeriodINSTGBDC
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, INST + GBDC cover 0 of 12 monthsgood coverage

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

INST
Annual income on $10K today (after 15% tax)
$720.34/yr
After 10yr DRIP, annual income (after tax)
$1,230.44/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 $13,981,893.31/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 INST + GBDC for your $10,000?

INST: 50%GBDC: 50%
100% GBDC50/50100% INST
Portfolio after 10yr
$10.44M
Annual income
$8,226,090.71/yr
Blended yield
78.78%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on INST right now

INST
Analyst Ratings
8
Buy
9
Hold
Consensus: Hold
Price Target
$28.74
+21.8% upside vs current
Range: $23.60 — $35.00
Altman Z
1.2
Piotroski
3/9
GBDC
Analyst Ratings
6
Buy
5
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)

INST buys
0
GBDC buys
0
No recent congressional trades found for INST or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricINSTGBDC
Forward yield8.47%11.86%
Annual dividend / share$2.00$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1%
Portfolio after 10y$35.0K$20.85M
Annual income after 10y$1,447.58$16,450,733.83
Total dividends collected$11.5K$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusHoldBuy
Analyst price target$28.74$14.00

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

YearINST PortfolioINST Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$11,547$847.46$12,492$1,791.70$945.00GBDC
2$13,270$914.58$16,527$3,160.58$3.3KGBDC
3$15,182$982.27$23,588$5,904.90$8.4KGBDC
4$17,294$1,050.23$37,141$11,901.65$19.8KGBDC
5$19,623$1,118.13$66,205$26,463.38$46.6KGBDC
6$22,183$1,185.69$137,452$66,612.65$115.3KGBDC
7$24,988$1,252.64$342,372$195,298.53$317.4KGBDC
8$28,056$1,318.75$1,053,292$686,954.33$1.03MGBDC
9$31,404$1,383.79$4,111,439$2,984,416.95$4.08MGBDC
10$35,049$1,447.58$20,849,974$16,450,733.83$20.81MGBDC

INST vs GBDC: Complete Analysis 2026

INSTStock

Instructure Holdings, Inc. provides cloud-based learning, assessment, development, and engagement systems worldwide. It offers Canvas Learning Management System that includes assessments, analytics, and learning content for K-12 and higher education institutions; Canvas Studio, an online video platform; Canvas Catalog, a course catalog and registration system; Canvas Assessment, a solution for assessments that include MasteryConnect, a robust student assessment management system, and Certica, which provides assessment content solutions and analytics to inform daily instruction in the classroom and data; Canvas Network that allows access to open online courses; Impact that helps K-12 and higher education institutions to improve technology adoption and evaluate impact of educational technology; and Elevate Data Sync, a solution that allows edtech vendors to share learning data between K-12 and higher education applications. The company was founded in 2008 and is headquartered in Salt Lake City, Utah.

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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.