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LICY vs GBDC: Dividend Comparison 2026

LICY yields 237.16% · GBDC yields 11.85%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 LICY wins by $310.67M in total portfolio value
10 years
LICY
LICY
● Live price
237.16%
Share price
$0.84
Annual div
$2.00
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$331.44M
Annual income
$181,171,964.46
Full LICY 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 — LICY vs GBDC

📍 LICY 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 PeriodLICYGBDC
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, LICY + GBDC cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
LICY 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.

LICY
Annual income on $10K today (after 15% tax)
$20,158.90/yr
After 10yr DRIP, annual income (after tax)
$153,996,169.79/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, LICY beats the other by $140,065,295.89/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

LICY: 50%GBDC: 50%
100% GBDC50/50100% LICY
Portfolio after 10yr
$176.11M
Annual income
$98,780,613.93/yr
Blended yield
56.09%
📊

Analyst Conviction Gap

Where Wall Street is split right now

LICY
Analyst Ratings
7
Buy
4
Hold
1
Sell
Consensus: Buy
Price Target
$9.60
+1038.4% upside vs current
Range: $7.00 — $13.00
Altman Z
-1.0
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.
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Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

LICY 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 →
MetricLICYGBDC
Forward yield237.16%11.85%
Annual dividend / share$2.00$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1%
Portfolio after 10y$331.44M$20.78M
Annual income after 10y$181,171,964.46$16,389,263.41
Total dividends collected$315.10M$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusBuyBuy
Analyst price target$9.60$14.00

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

YearLICY PortfolioLICY Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$34,416$23,716.35$12,490$1,790.28+$21.9KLICY
2$113,109$76,283.21$16,522$3,157.73+$96.6KLICY
3$355,329$234,302.21$23,578$5,898.68+$331.8KLICY
4$1,068,104$687,902.09$37,115$11,886.75+$1.03MLICY
5$3,075,401$1,932,529.66$66,136$26,423.57+$3.01MLICY
6$8,491,006$5,200,327.46$137,257$66,491.44+$8.35MLICY
7$22,503,889$13,418,512.59$341,734$194,868.54+$22.16MLICY
8$57,315,948$33,236,786.64$1,050,788$685,133.02+$56.27MLICY
9$140,442,030$79,113,965.41$4,099,314$2,974,971.01+$136.34MLICY
10$331,444,936$181,171,964.46$20,775,530$16,389,263.41+$310.67MLICY

LICY vs GBDC: Complete Analysis 2026

LICYStock

Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. The company offers a mix of cathode and anode battery materials, including lithium, nickel, and cobalt, as well as graphite, copper, and aluminum; and copper and aluminum metals. It also provides lithium carbonate, cobalt sulphate, nickel sulphate, and manganese carbonate. The company is headquartered in Toronto, Ontario.

Full LICY 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.