Is KCLI or GBDC a better dividend investment in 2026?

KCLI currently yields 1.87% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: GBDC offers higher current income.

What is the dividend yield difference between KCLI and GBDC?

KCLI has a forward dividend yield of 1.87% ($0.60/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 9.99 percentage points.

Home › Compare › KCLI vs GBDC

KCLI vs GBDC: Dividend Comparison 2026

KCLI yields 1.87% · GBDC yields 11.86%● Live data

vsPost on X →

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

🏆 GBDC wins by $20.83M in total portfolio value

INVESTMENT

TIME HORIZON10 years

KCLI

● Live price

1.87%

Share price

$32.15

Annual div

$0.60

5Y div CAGR

-48.1%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$20.0K

Annual income

$0.27

Full KCLI calculator →

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 — KCLI 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 Period	KCLI	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, KCLI + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

KCLI pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

KCLI

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

$158.63/yr

After 10yr DRIP, annual income (after tax)

$0.23/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 $13,983,123.53/year in after-tax income after 10 years on $10,000

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Lazy Portfolio Split Optimizer

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

KCLI: 50%GBDC: 50%

100% GBDC50/50100% KCLI

Portfolio after 10yr

$10.43M

Annual income

$8,225,367.05/yr

Blended yield

78.82%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

KCLI

No analyst data

Altman Z

0.4

Piotroski

1/9

GBDC

Analyst Ratings

Buy

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)

KCLI buys

GBDC buys

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

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

MetricKCLIGBDC

Forward yield	1.87%	11.86% ✓
Annual dividend / share	$0.60	$1.50 ✓
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	-48.1%	51.1% ✓
Portfolio after 10y	$20.0K	$20.85M ✓
Annual income after 10y	$0.27	$16,450,733.83 ✓
Total dividends collected	$202.00 ✓	$20.43M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	KCLI Portfolio	KCLI Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$10,797	$96.86	$12,492	$1,791.70	$1.7K → GBDC
2	$11,603	$50.72	$16,527	$3,160.58	$4.9K → GBDC
3	$12,442	$26.44	$23,588	$5,904.90	$11.1K → GBDC
4	$13,327	$13.75	$37,141	$11,901.65	$23.8K → GBDC
5	$14,267	$7.14	$66,205	$26,463.38	$51.9K → GBDC
6	$15,269	$3.71	$137,452	$66,612.65	$122.2K → GBDC
7	$16,340	$1.93	$342,372	$195,298.53	$326.0K → GBDC
8	$17,485	$1.00	$1,053,292	$686,954.33	$1.04M → GBDC
9	$18,709	$0.52	$4,111,439	$2,984,416.95	$4.09M → GBDC
10	$20,019	$0.27	$20,849,974	$16,450,733.83	$20.83M → GBDC

KCLI vs GBDC: Complete Analysis 2026

KCLI — Stock

Kansas City Life Insurance Company provides insurance products and services in 49 states and the District of Columbia. It offers a portfolio of individual insurance, annuity, and group life and health insurance; and traditional life insurance, immediate annuities with life contingencies, supplementary contracts with life contingencies, and accident and health insurance. Kansas City Life Insurance Company was incorporated in 1985 and is based in Kansas City, Missouri.

Full KCLI 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.