Is IPMLF or GBDC a better dividend investment in 2026?

IPMLF currently yields 35.97% with a 5% 5-year dividend growth rate. GBDC yields 4.00% with 5% growth. The better choice depends on your goal: IPMLF offers higher current income.

What is the dividend yield difference between IPMLF and GBDC?

IPMLF has a forward dividend yield of 35.97% ($2.00/share annually). GBDC yields 4.00% ($2.00/share annually). The yield gap is 31.97 percentage points.

Home › Compare › IPMLF vs GBDC

IPMLF vs GBDC: Dividend Comparison 2026

IPMLF yields 35.97% · GBDC yields 4.00%● Live data

vsPost on X →

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

🏆 IPMLF wins by $157.7K in total portfolio value

INVESTMENT

TIME HORIZON10 years

IPMLF

● Live price

35.97%

Share price

$5.56

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$185.7K

Annual income

$28,708.73

Full IPMLF calculator →

GBDC

● Live price

4.00%

Share price

$50.00

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$28.0K

Annual income

$899.19

Full GBDC calculator →

Portfolio growth — IPMLF vs GBDC

📍 IPMLF 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	IPMLF	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%.

📅

Dividend Calendar Overlap

Combined, IPMLF + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

IPMLF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

IPMLF

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

$3,057.55/yr

After 10yr DRIP, annual income (after tax)

$24,402.42/yr

GBDC

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

$340.00/yr

After 10yr DRIP, annual income (after tax)

$764.31/yr

At 15% tax rate, IPMLF beats the other by $23,638.11/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

IPMLF: 50%GBDC: 50%

100% GBDC50/50100% IPMLF

Portfolio after 10yr

$106.9K

Annual income

$14,803.97/yr

Blended yield

13.85%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

IPMLF

No analyst data

Altman Z

2.1

Piotroski

7/9

GBDC

Analyst Ratings

Buy

Hold

Consensus: Buy

Price Target

$14.00

-72.0% 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)

IPMLF buys

GBDC buys

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

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

MetricIPMLFGBDC

Forward yield	35.97% ✓	4.00%
Annual dividend / share	$2.00	$2.00
Payout ratio	50%	50%
1-year div growth	0%	5% ✓
5-year div CAGR	0%	5% ✓
Portfolio after 10y	$185.7K ✓	$28.0K
Annual income after 10y	$28,708.73 ✓	$899.19
Total dividends collected	$135.2K ✓	$6.4K
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	IPMLF Portfolio	IPMLF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$14,297	$3,597.12	$11,120	$420.00	+$3.2K → IPMLF
2	$20,104	$4,806.40	$12,357	$458.31	+$7.7K → IPMLF
3	$27,828	$6,316.51	$13,721	$499.76	+$14.1K → IPMLF
4	$37,947	$8,171.24	$15,227	$544.58	+$22.7K → IPMLF
5	$51,017	$10,413.61	$16,885	$593.02	+$34.1K → IPMLF
6	$67,673	$13,084.39	$18,713	$645.34	+$49.0K → IPMLF
7	$88,631	$16,220.61	$20,724	$701.81	+$67.9K → IPMLF
8	$114,689	$19,854.20	$22,938	$762.73	+$91.8K → IPMLF
9	$146,728	$24,010.79	$25,372	$828.41	+$121.4K → IPMLF
10	$185,708	$28,708.73	$28,047	$899.19	+$157.7K → IPMLF

IPMLF vs GBDC: Complete Analysis 2026

IPMLF — Stock

Imperial Metals Corporation, a mining company, engages in the acquisition, exploration, development, mining, and production of base and precious metals in Canada. It holds 100% interests in the Mount Polley copper-gold mine that includes seven mining leases and 50 mineral claims covering an area of 23,369 hectares located in south-central British Columbia; and the Huckleberry copper mine, which comprises two mining leases and 49 mineral claims covering an area of 25,767 hectares situated in west-central British Columbia. The company also holds a 30% interest in the Red Chris copper-gold mine located in northwest British Columbia. In addition, it holds a 100% interest in the Ruddock Creek lead-zinc property in British Columbia, as well as a portfolio of 23 greenfield exploration properties in British Columbia. Imperial Metals Corporation was incorporated in 1959 and is headquartered in Vancouver, Canada.

Full IPMLF Calculator →

GBDC — BDC

GBDC is a dividend-paying stock. Use this calculator to estimate your future dividend income, DRIP compounding returns, and passive income potential from investing in GBDC shares.

Full GBDC Calculator →

📬

Get this IPMLF vs GBDC comparison by email

Save your analysis + weekly dividend insights. Free forever.

More comparisons

IPMLF vs SCHD IPMLF vs JEPI IPMLF vs O IPMLF vs KO IPMLF vs MAIN

⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.