Is KL or GBDC a better dividend investment in 2026?

KL currently yields 4.10% 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 KL and GBDC?

KL has a forward dividend yield of 4.10% ($1.60/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 7.76 percentage points.

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KL vs GBDC: Dividend Comparison 2026

KL yields 4.10% · 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

INVESTMENT

TIME HORIZON10 years

● Live price

4.10%

Share price

$38.92

Annual div

$1.60

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$26.1K

Annual income

$533.78

Full KL 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 — KL 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	KL	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, KL + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

KL pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

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

$348.69/yr

After 10yr DRIP, annual income (after tax)

$453.71/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 $13,982,670.04/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 KL + GBDC for your $10,000?

KL: 50%GBDC: 50%

100% GBDC50/50100% KL

Portfolio after 10yr

$10.44M

Annual income

$8,225,633.81/yr

Blended yield

78.80%

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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

Analyst Ratings

Buy

Hold

Consensus: Buy

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)

KL buys

GBDC buys

Politician	Chamber	Ticker	Type	Amount	Date
Kelly Loeffler	🏛 Senate	$KL	▼ Sell	$50,001 - $100,000	2020-02-06
Kelly Loeffler	🏛 Senate	$KL	▼ Sell	$50,001 - $100,000	2020-02-04

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

MetricKLGBDC

Forward yield	4.10%	11.86% ✓
Annual dividend / share	$1.60 ✓	$1.50
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	0%	51.1% ✓
Portfolio after 10y	$26.1K ✓	$20.85M
Annual income after 10y	$533.78	$16,450,733.83 ✓
Total dividends collected	$4.8K	$20.43M ✓
Payment frequency	quarterly	quarterly
Sector	Stock	BDC
Analyst consensus	Buy	Buy

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

Year	KL Portfolio	KL Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$11,110	$410.23	$12,492	$1,791.70	$1.4K → GBDC
2	$12,314	$425.95	$16,527	$3,160.58	$4.2K → GBDC
3	$13,617	$441.22	$23,588	$5,904.90	$10.0K → GBDC
4	$15,026	$455.99	$37,141	$11,901.65	$22.1K → GBDC
5	$16,548	$470.26	$66,205	$26,463.38	$49.7K → GBDC
6	$18,191	$484.02	$137,452	$66,612.65	$119.3K → GBDC
7	$19,961	$497.25	$342,372	$195,298.53	$322.4K → GBDC
8	$21,869	$509.95	$1,053,292	$686,954.33	$1.03M → GBDC
9	$23,922	$522.12	$4,111,439	$2,984,416.95	$4.09M → GBDC
10	$26,130	$533.78	$20,849,974	$16,450,733.83	$20.82M → GBDC

KL vs GBDC: Complete Analysis 2026

KL — Stock

Kirkland Lake Gold Ltd. engages in the acquisition, production, and operation of gold properties. The company holds interest in the Fosterville Mine located in the State of Victoria, Australia; and the Macassa Mine situated in the Municipality of Kirkland Lake, Ontario, Canada, as well as the Detour Lake Mine located in northeastern Ontario, Canada. It has a strategic alliance agreement with Newmont Corporation. The company was formerly known as Newmarket Gold Inc. and changed its name to Kirkland Lake Gold Ltd. in December 2016. Kirkland Lake Gold Ltd. is headquartered in Toronto, Canada. As of February 8, 2022, Kirkland Lake Gold Ltd. operates as a subsidiary of Agnico Eagle Mines Limited.

Full KL 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.