Home › Compare › IPXAF vs GBDC

IPXAF vs GBDC: Dividend Comparison 2026

IPXAF yields 9.84% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 IPXAF wins by $392599.79M in total portfolio value
10 years
IPXAF
IPXAF
● Live price
9.84%
Share price
$1.65
Annual div
$0.16
5Y div CAGR
100%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$392620.64M
Annual income
$385,104,168,205.89
Full IPXAF 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 — IPXAF vs GBDC

📍 IPXAF 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 PeriodIPXAFGBDC
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, IPXAF + GBDC cover 0 of 12 months — good coverage

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

Tax Bracket Optimizer

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

IPXAF
Annual income on $10K today (after 15% tax)
$836.61/yr
After 10yr DRIP, annual income (after tax)
$327,338,542,975.01/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, IPXAF beats the other by $327,324,559,851.25/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

IPXAF: 50%GBDC: 50%
100% GBDC50/50100% IPXAF
Portfolio after 10yr
$196320.74M
Annual income
$192,560,309,469.86/yr
Blended yield
98.08%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

IPXAF
Analyst Ratings
1
Hold
Consensus: Hold
Altman Z
7.7
Piotroski
6/9
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.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

IPXAF buys
0
GBDC buys
0
No recent congressional trades found for IPXAF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricIPXAFGBDC
Forward yield9.84%11.86% ✓
Annual dividend / share$0.16$1.50 ✓
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR100% ✓51.1%
Portfolio after 10y$392620.64M ✓$20.85M
Annual income after 10y$385,104,168,205.89 ✓$16,450,733.83
Total dividends collected$392111.63M ✓$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusHoldBuy

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

YearIPXAF PortfolioIPXAF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$12,668$1,968.48$12,492$1,791.70+$176.00 → IPXAF
2$18,217$4,661.26$16,527$3,160.58+$1.7K → IPXAF
3$32,020$12,528.25$23,588$5,904.90+$8.4K → IPXAF
4$75,423$41,161.50$37,141$11,901.65+$38.3K → IPXAF
5$261,928$181,225.71$66,205$26,463.38+$195.7K → IPXAF
6$1,456,637$1,176,373.79$137,452$66,612.65+$1.32M → IPXAF
7$13,786,750$12,228,148.23$342,372$195,298.53+$13.44M → IPXAF
8$231,082,193$216,330,370.46$1,053,292$686,954.33+$230.03M → IPXAF
9$7,024,738,809$6,777,480,862.69$4,111,439$2,984,416.95+$7020.63M → IPXAF
10$392,620,638,731$385,104,168,205.89$20,849,974$16,450,733.83+$392599.79M → IPXAF

IPXAF vs GBDC: Complete Analysis 2026

IPXAF — Stock

Impax Asset Management Group plc is a publicly owned investment manager. Through its subsidiaries, it provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors. It employs both fundamental to make its investments. The company was formerly known as Impax Group plc and changed its name to Impax Asset Management Group plc in October 2009. Impax Asset Management Group plc was founded in 1998 and is based in London, the United Kingdom.

Full IPXAF 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 →
📬

Get this IPXAF vs GBDC comparison by email

Save your analysis + weekly dividend insights. Free forever.

More comparisons

IPXAF vs SCHDIPXAF vs JEPIIPXAF vs OIPXAF vs KOIPXAF 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.