Is MFMLF or GBDC a better dividend investment in 2026?

MFMLF currently yields 2322.88% with a 5% 5-year dividend growth rate. GBDC yields 11.85% with 5% growth. The better choice depends on your goal: MFMLF offers higher current income.

What is the dividend yield difference between MFMLF and GBDC?

MFMLF has a forward dividend yield of 2322.88% ($2.00/share annually). GBDC yields 11.85% ($1.50/share annually). The yield gap is 2311.03 percentage points.

Home › Compare › MFMLF vs GBDC

MFMLF vs GBDC: Dividend Comparison 2026

MFMLF yields 2322.88% · GBDC yields 11.85%● Live data

vsPost on X →

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

🏆 MFMLF wins by $40333706442.36M in total portfolio value

INVESTMENT

TIME HORIZON10 years

MFMLF

● Live price

2322.88%

Share price

$0.09

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$40333706463.13M

Annual income

$37,184,688,885,481,180.00

Full MFMLF calculator →

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 — MFMLF vs GBDC

📍 MFMLF pulled ahead of the other in Year 1

Annual dividend income

🛡️

Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis Period	MFMLF	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%.

📅

Dividend Calendar Overlap

Combined, MFMLF + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

MFMLF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

MFMLF

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

$197,444.83/yr

After 10yr DRIP, annual income (after tax)

$31,606,985,552,659,004.00/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, MFMLF beats the other by $31,606,985,538,728,132.00/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

MFMLF: 50%GBDC: 50%

100% GBDC50/50100% MFMLF

Portfolio after 10yr

$20166853241.96M

Annual income

$18,592,344,450,935,224.00/yr

Blended yield

92.19%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

MFMLF

No analyst data

Altman Z

-2.1

Piotroski

3/9

GBDC

Analyst Ratings

Buy

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.

🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

MFMLF buys

GBDC buys

Politician	Chamber	Ticker	Type	Amount	Date
David P. Joyce	🏢 House	$GBDC	▼ Sell	$1,001 - $15,000	2023-06-30
David P. Joyce	🏢 House	$GBDC	▼ Sell	$15,001 - $50,000	2023-06-19
David P. Joyce	🏢 House	$GBDC	▼ Sell	$15,001 - $50,000	2022-07-14
David P. Joyce	🏢 House	$GBDC	▼ Sell	$15,001 - $50,000	2022-07-12
Teresa Leger Fernandez	🏢 House	$GBDC	▼ Sell	$15,001 - $50,000	2021-01-20
David P. Joyce	🏢 House	$GBDC	▲ Buy	$1,001 - $15,000	2020-02-25
David P. Joyce	🏢 House	$GBDC	▲ Buy	$15,001 - $50,000	2019-05-30

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

MetricMFMLFGBDC

Forward yield	2322.88% ✓	11.85%
Annual dividend / share	$2.00 ✓	$1.50
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	0%	51.1% ✓
Portfolio after 10y	$40333706463.13M ✓	$20.78M
Annual income after 10y	$37,184,688,885,481,180.00 ✓	$16,389,263.41
Total dividends collected	$40112608259.35M ✓	$20.36M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	MFMLF Portfolio	MFMLF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$242,988	$232,288.04	$12,490	$1,790.28	+$230.5K → MFMLF
2	$5,535,064	$5,275,066.75	$16,522	$3,157.73	+$5.52M → MFMLF
3	$118,223,081	$112,300,562.50	$23,578	$5,898.68	+$118.20M → MFMLF
4	$2,368,200,206	$2,241,701,508.99	$37,115	$11,886.75	+$2368.16M → MFMLF
5	$44,501,189,040	$41,967,214,820.17	$66,136	$26,423.57	+$44501.12M → MFMLF
6	$784,636,777,644	$737,020,505,370.83	$137,257	$66,491.44	+$784636.64M → MFMLF
7	$12,984,430,464,817	$12,144,869,112,738.33	$341,734	$194,868.54	+$12984430.12M → MFMLF
8	$201,722,625,626,003	$187,829,285,028,648.47	$1,050,788	$685,133.02	+$201722624.58M → MFMLF
9	$2,943,007,081,919,205	$2,727,163,872,499,381.50	$4,099,314	$2,974,971.01	+$2943007077.82M → MFMLF
10	$40,333,706,463,134,740	$37,184,688,885,481,180.00	$20,775,530	$16,389,263.41	+$40333706442.36M → MFMLF

MFMLF vs GBDC: Complete Analysis 2026

MFMLF — Stock

International Iconic Gold Exploration Corp. engages in acquiring, exploring, and evaluating mineral resource properties in Argentina. The company explores for gold, silver, zinc, lead, indium, copper, molybdenum, nickel, cobalt, lithium, and platinum deposits. Its flagship property is the San Roque property that consists of 14 mineral tenures covering an area of 73,907.28 hectares located in the province of Rio Negro, Argentina. The company was formerly known as Marifil Mines Limited and changed its name to International Iconic Gold Exploration Corp. in September 2021. International Iconic Gold Exploration Corp. was incorporated in 2003 and is based in Vancouver, Canada.

Full MFMLF 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 →

📬

Get this MFMLF vs GBDC comparison by email

Save your analysis + weekly dividend insights. Free forever.

More comparisons

MFMLF vs SCHD MFMLF vs JEPI MFMLF vs O MFMLF vs KO MFMLF vs MAIN

⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.