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JAPPF vs GBDC: Dividend Comparison 2026

JAPPF yields 1.61% · GBDC yields 11.85%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 JAPPF wins by $5.31M in total portfolio value· pulled ahead in Year 10
10 years
JAPPF
JAPPF
● Live price
1.61%
Share price
$15.78
Annual div
$0.25
5Y div CAGR
100%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$26.09M
Annual income
$23,306,468.67
Full JAPPF calculator →
GBDC
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 — JAPPF vs GBDC

📍 JAPPF pulled ahead of the other in Year 10

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 PeriodJAPPFGBDC
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, JAPPF + GBDC cover 0 of 12 monthsgood coverage

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

Tax Bracket Optimizer

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

JAPPF
Annual income on $10K today (after 15% tax)
$136.89/yr
After 10yr DRIP, annual income (after tax)
$19,810,498.37/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, JAPPF beats the other by $5,879,624.47/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

JAPPF: 50%GBDC: 50%
100% GBDC50/50100% JAPPF
Portfolio after 10yr
$23.43M
Annual income
$19,847,866.03/yr
Blended yield
84.71%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

JAPPF
No analyst data
Altman Z
8.3
Piotroski
4/9
GBDC
Analyst Ratings
6
Buy
5
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.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

JAPPF buys
0
GBDC buys
2
PoliticianChamberTickerTypeAmountDate
David P. Joyce🏢 House$GBDC▼ Sell$1,001 - $15,0002023-06-30
David P. Joyce🏢 House$GBDC▼ Sell$15,001 - $50,0002023-06-19
David P. Joyce🏢 House$GBDC▼ Sell$15,001 - $50,0002022-07-14
David P. Joyce🏢 House$GBDC▼ Sell$15,001 - $50,0002022-07-12
Teresa Leger Fernandez🏢 House$GBDC▼ Sell$15,001 - $50,0002021-01-20
David P. Joyce🏢 House$GBDC▲ Buy$1,001 - $15,0002020-02-25
David P. Joyce🏢 House$GBDC▲ Buy$15,001 - $50,0002019-05-30
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricJAPPFGBDC
Forward yield1.61%11.85%
Annual dividend / share$0.25$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR100%51.1%
Portfolio after 10y$26.09M$20.78M
Annual income after 10y$23,306,468.67$16,389,263.41
Total dividends collected$25.85M$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearJAPPF PortfolioJAPPF Income/yrGBDC PortfolioGBDC Income/yrGap
1$11,022$322.09$12,490$1,790.28$1.5KGBDC
2$12,457$663.57$16,522$3,157.73$4.1KGBDC
3$14,731$1,401.82$23,578$5,898.68$8.8KGBDC
4$18,861$3,098.50$37,115$11,886.75$18.3KGBDC
5$27,596$7,415.18$66,136$26,423.57$38.5KGBDC
6$49,807$20,279.55$137,257$66,491.44$87.5KGBDC
7$121,709$68,414.82$341,734$194,868.54$220.0KGBDC
8$442,710$312,481.47$1,050,788$685,133.02$608.1KGBDC
9$2,598,254$2,124,554.34$4,099,314$2,974,971.01$1.50MGBDC
10← crossover$26,086,600$23,306,468.67$20,775,530$16,389,263.41+$5.31MJAPPF

JAPPF vs GBDC: Complete Analysis 2026

JAPPFStock

Japan System Techniques Co., Ltd. engages in the software business in Japan. The company offers software development services; provides business and engineering applications; and operates in medical big data business. It also offers system consultation, integration, and management and administration services; sells systems; develops and sells software package products; and provides database services. The company was incorporated in 1973 and is headquartered in Tokyo, Japan.

Full JAPPF Calculator →

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.