HomeCompareJRONF vs GBDC

JRONF vs GBDC: Dividend Comparison 2026

JRONF yields 2.98% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.07M in total portfolio value
10 years
JRONF
JRONF
● Live price
2.98%
Share price
$21.96
Annual div
$0.65
5Y div CAGR
61.3%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$783.2K
Annual income
$503,987.81
Full JRONF 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 — JRONF vs GBDC

📍 GBDC 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 PeriodJRONFGBDC
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, JRONF + GBDC cover 0 of 12 monthsgood coverage

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

Tax Bracket Optimizer

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

JRONF
Annual income on $10K today (after 15% tax)
$253.14/yr
After 10yr DRIP, annual income (after tax)
$428,389.64/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 $13,554,734.12/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

JRONF: 50%GBDC: 50%
100% GBDC50/50100% JRONF
Portfolio after 10yr
$10.82M
Annual income
$8,477,360.82/yr
Blended yield
78.37%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

JRONF
No analyst data
Altman Z
3.1
Piotroski
4/9
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)

JRONF buys
0
GBDC buys
0
No recent congressional trades found for JRONF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricJRONFGBDC
Forward yield2.98%11.86%
Annual dividend / share$0.65$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR61.3%51.1%
Portfolio after 10y$783.2K$20.85M
Annual income after 10y$503,987.81$16,450,733.83
Total dividends collected$734.2K$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearJRONF PortfolioJRONF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$11,180$480.37$12,492$1,791.70$1.3KGBDC
2$12,773$809.63$16,527$3,160.58$3.8KGBDC
3$15,061$1,394.32$23,588$5,904.90$8.5KGBDC
4$18,594$2,478.48$37,141$11,901.65$18.5KGBDC
5$24,508$4,612.64$66,205$26,463.38$41.7KGBDC
6$35,389$9,165.17$137,452$66,612.65$102.1KGBDC
7$57,816$19,950.25$342,372$195,298.53$284.6KGBDC
8$110,997$49,134.14$1,053,292$686,954.33$942.3KGBDC
9$260,967$142,199.33$4,111,439$2,984,416.95$3.85MGBDC
10$783,222$503,987.81$20,849,974$16,450,733.83$20.07MGBDC

JRONF vs GBDC: Complete Analysis 2026

JRONFStock

Jerónimo Martins, SGPS, S.A. operates in the food distribution and specialized retail sectors in Portugal, Poland, and Colombia. The company operates through Portugal Retail; Portugal Cash & Carry; Poland Retail; Colombia Retail; and Others, Eliminations and Adjustments segments. It operates 3,250 food stores under the Biedronka name; and a chain of 290 health and beauty stores under the Hebe banner in Poland, as well as 819 food stores under the Ara name in Colombia. The company also operates 460 supermarkets under the Pingo Doce banner; and 38 stores and 4 platforms under the Recheio name in Portugal. In addition, it operates restaurants under the Pingo Doce name; Bem-Estar stores; and petrol stations and clothing under Code brand. Further, the company operates 20 kiosks and coffee shops under the Jeronymo name; and 21 chocolates and confectionary retail stores under Hussel name. Additionally, the company engages in human resources top management, real estate management and administration, training, and saline brackish waters aquaculture; wholesale of fruit and vegetables; retail management, consultancy, and logistics activities; the purchase and sale of real estate; growing of crops and farming of animals; retail sale of health and beauty products; manufacture of milk and dairy products; and provision of economic and accounting, business portfolio management, financial, and sea passenger water transport services. It is also involved in the trading and distribution of consumer goods; retail and wholesale of non-food products; other business support service activities; and provision of services in the area of wholesale and retail distribution. The company was founded in 1792 and is headquartered in Lisbon, Portugal. Jerónimo Martins, SGPS, S.A. is a subsidiary of Sociedade Francisco Manuel dos Santos, SGPS, S.E.

Full JRONF 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.