Home › Compare › IVCB vs GBDC

IVCB vs GBDC: Dividend Comparison 2026

IVCB yields 5.18% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.82M in total portfolio value
10 years
IVCB
IVCB
● Live price
5.18%
Share price
$11.59
Annual div
$0.60
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$28.1K
Annual income
$720.77
Full IVCB 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 — IVCB vs GBDC

📍 GBDC 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 PeriodIVCBGBDC
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, IVCB + GBDC cover 0 of 12 months — good coverage

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

Tax Bracket Optimizer

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

IVCB
Annual income on $10K today (after 15% tax)
$440.03/yr
After 10yr DRIP, annual income (after tax)
$612.65/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 $13,982,511.10/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

IVCB: 50%GBDC: 50%
100% GBDC50/50100% IVCB
Portfolio after 10yr
$10.44M
Annual income
$8,225,727.30/yr
Blended yield
78.80%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

IVCB
No analyst data
Altman Z
7.5
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)

IVCB buys
0
GBDC buys
0
No recent congressional trades found for IVCB or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricIVCBGBDC
Forward yield5.18%11.86% ✓
Annual dividend / share$0.60$1.50 ✓
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1% ✓
Portfolio after 10y$28.1K ✓$20.85M
Annual income after 10y$720.77$16,450,733.83 ✓
Total dividends collected$6.2K$20.43M ✓
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearIVCB PortfolioIVCB Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$11,218$517.69$12,492$1,791.70$1.3K → GBDC
2$12,546$542.73$16,527$3,160.58$4.0K → GBDC
3$13,991$567.28$23,588$5,904.90$9.6K → GBDC
4$15,562$591.25$37,141$11,901.65$21.6K → GBDC
5$17,266$614.60$66,205$26,463.38$48.9K → GBDC
6$19,112$637.28$137,452$66,612.65$118.3K → GBDC
7$21,109$659.27$342,372$195,298.53$321.3K → GBDC
8$23,267$680.52$1,053,292$686,954.33$1.03M → GBDC
9$25,596$701.03$4,111,439$2,984,416.95$4.09M → GBDC
10$28,109$720.77$20,849,974$16,450,733.83$20.82M → GBDC

IVCB vs GBDC: Complete Analysis 2026

IVCB — Stock

Investcorp Europe Acquisition Corp I does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other transaction with one or more businesses or assets in the business services, consumer and lifestyle, niche manufacturing, and technology sectors in Western Europe. The company was formerly known as Investcorp Asia Acquisition Corp I and changed its name to Investcorp Europe Acquisition Corp I in October 2021. Investcorp Europe Acquisition Corp I was incorporated in 2021 and is based in George Town, the Cayman Islands. Investcorp Europe Acquisition Corp I is a subsidiary of Europe Acquisition Holdings Limited.

Full IVCB 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 IVCB vs GBDC comparison by email

Save your analysis + weekly dividend insights. Free forever.

More comparisons

IVCB vs SCHDIVCB vs JEPIIVCB vs OIVCB vs KOIVCB 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.