Is IVCBW or GBDC a better dividend investment in 2026?

IVCBW currently yields 9950.25% with a 5% 5-year dividend growth rate. GBDC yields 11.85% with 5% growth. The better choice depends on your goal: IVCBW offers higher current income.

What is the dividend yield difference between IVCBW and GBDC?

IVCBW has a forward dividend yield of 9950.25% ($2.00/share annually). GBDC yields 11.85% ($1.50/share annually). The yield gap is 9938.40 percentage points.

Home › Compare › IVCBW vs GBDC

IVCBW vs GBDC: Dividend Comparison 2026

IVCBW yields 9950.25% · GBDC yields 11.85%● Live data

vsPost on X →

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

🏆 IVCBW wins by $52493156432184480.00M in total portfolio value

INVESTMENT

TIME HORIZON10 years

IVCBW

● Live price

9950.25%

Share price

$0.02

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$52493156432184496.00M

Annual income

$51,475,492,577,029,460,000,000.00

Full IVCBW calculator →

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 — IVCBW vs GBDC

📍 IVCBW 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 Period	IVCBW	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%.

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Dividend Calendar Overlap

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

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

IVCBW pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

IVCBW

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

$845,771.14/yr

After 10yr DRIP, annual income (after tax)

$43,754,168,690,475,040,000,000.00/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, IVCBW beats the other by $43,754,168,690,475,020,000,000.00/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

IVCBW: 50%GBDC: 50%

100% GBDC50/50100% IVCBW

Portfolio after 10yr

$26246578216092256.00M

Annual income

$25,737,746,288,514,740,000,000.00/yr

Blended yield

98.06%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

IVCBW

No analyst data

Altman Z

-0.0

Piotroski

5/9

GBDC

Analyst Ratings

Buy

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.

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Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

IVCBW buys

GBDC buys

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

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

MetricIVCBWGBDC

Forward yield	9950.25% ✓	11.85%
Annual dividend / share	$2.00 ✓	$1.50
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	0%	51.1% ✓
Portfolio after 10y	$52493156432184496.00M ✓	$20.78M
Annual income after 10y	$51,475,492,577,029,460,000,000.00 ✓	$16,389,263.41
Total dividends collected	$52425433349783104.00M ✓	$20.36M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	IVCBW Portfolio	IVCBW Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$1,005,725	$995,024.88	$12,490	$1,790.28	+$993.2K → IVCBW
2	$94,601,478	$93,525,352.27	$16,522	$3,157.73	+$94.58M → IVCBW
3	$8,322,974,282	$8,221,750,700.22	$23,578	$5,898.68	+$8322.95M → IVCBW
4	$684,928,093,472	$676,022,510,990.33	$37,115	$11,886.75	+$684928.06M → IVCBW
5	$52,725,745,010,892	$51,992,871,950,877.73	$66,136	$26,423.57	+$52725744.94M → IVCBW
6	$3,796,986,447,235,904	$3,740,569,900,074,249.00	$137,257	$66,491.44	+$3796986447.10M → IVCBW
7	$255,813,262,369,421,060	$251,750,486,870,878,660.00	$341,734	$194,868.54	+$255813262369.08M → IVCBW
8	$16,125,226,967,970,314,000	$15,851,506,777,235,034,000.00	$1,050,788	$685,133.02	+$16125226967969.26M → IVCBW
9	$951,087,715,098,156,900,000	$933,833,722,242,428,600,000.00	$4,099,314	$2,974,971.01	+$951087715098152.75M → IVCBW
10	$52,493,156,432,184,500,000,000	$51,475,492,577,029,460,000,000.00	$20,775,530	$16,389,263.41	+$52493156432184480.00M → IVCBW

IVCBW vs GBDC: Complete Analysis 2026

IVCBW — Stock

Investcorp Europe Acquisition Corp I focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. It focuses on acquiring business opportunities in 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 operates as a subsidiary of Europe Acquisition Holdings Limited.

Full IVCBW 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 →

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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.