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KWIPF vs GBDC: Dividend Comparison 2026

KWIPF yields 3.58% · GBDC yields 11.85%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.75M in total portfolio value
10 years
KWIPF
KWIPF
● Live price
3.58%
Share price
$0.51
Annual div
$0.02
5Y div CAGR
-37%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$20.7K
Annual income
$3.71
Full KWIPF 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 — KWIPF 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 PeriodKWIPFGBDC
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, KWIPF + GBDC cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
KWIPF pays
GBDC pays
Both pay
Neither
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Tax Bracket Optimizer

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

KWIPF
Annual income on $10K today (after 15% tax)
$304.56/yr
After 10yr DRIP, annual income (after tax)
$3.15/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, GBDC beats the other by $13,930,870.75/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

KWIPF: 50%GBDC: 50%
100% GBDC50/50100% KWIPF
Portfolio after 10yr
$10.40M
Annual income
$8,194,633.56/yr
Blended yield
78.81%
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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

KWIPF
No analyst data
Altman Z
1.1
Piotroski
6/9
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.
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Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

KWIPF 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 →
MetricKWIPFGBDC
Forward yield3.58%11.85%
Annual dividend / share$0.02$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR-37%51.1%
Portfolio after 10y$20.7K$20.78M
Annual income after 10y$3.71$16,389,263.41
Total dividends collected$617.00$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearKWIPF PortfolioKWIPF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$10,926$225.73$12,490$1,790.28$1.6KGBDC
2$11,836$145.21$16,522$3,157.73$4.7KGBDC
3$12,757$92.62$23,578$5,898.68$10.8KGBDC
4$13,709$58.78$37,115$11,886.75$23.4KGBDC
5$14,705$37.19$66,136$26,423.57$51.4KGBDC
6$15,758$23.49$137,257$66,491.44$121.5KGBDC
7$16,876$14.82$341,734$194,868.54$324.9KGBDC
8$18,067$9.34$1,050,788$685,133.02$1.03MGBDC
9$19,337$5.89$4,099,314$2,974,971.01$4.08MGBDC
10$20,695$3.71$20,775,530$16,389,263.41$20.75MGBDC

KWIPF vs GBDC: Complete Analysis 2026

KWIPFStock

Kiwi Property (NZX: KPG) is one of the largest listed property companies on the New Zealand Stock Exchange and is a member of the S&P/NZX 20 Index. We've been around for over 25 years and proudly own, and manage a significant real estate portfolio, comprising some of New Zealand's best mixed-use, retail and office buildings. Our objective is to provide investors with a reliable investment in New Zealand property through the ownership and active management of a diversified, high-quality portfolio. S&P Global Ratings has assigned Kiwi Property an issuer credit rating of BBB (stable) and an issue credit rating of BBB+ for each of its fixed rate senior secured bonds. Kiwi Property is the highest rated New Zealand company within CDP (Carbon Disclosure Project) and is a member of FTSE4 Good, a series of benchmark and tradable indices for ESG (Environmental, Social and Governance) investors. Kiwi Property is licensed under the Real Estate Agents Act 2008.

Full KWIPF 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.