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MGAAF vs GBDC: Dividend Comparison 2026

MGAAF yields 4.00% · 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
MGAAF
MGAAF
● Live price
4.00%
Share price
$15.51
Annual div
$0.62
5Y div CAGR
-14.3%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$22.7K
Annual income
$98.01
Full MGAAF 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 — MGAAF 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 PeriodMGAAFGBDC
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, MGAAF + GBDC cover 0 of 12 monthsgood coverage

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

MGAAF
Annual income on $10K today (after 15% tax)
$339.70/yr
After 10yr DRIP, annual income (after tax)
$83.31/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 $13,930,790.59/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

MGAAF: 50%GBDC: 50%
100% GBDC50/50100% MGAAF
Portfolio after 10yr
$10.40M
Annual income
$8,194,680.70/yr
Blended yield
78.80%
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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

MGAAF
No analyst data
Altman Z
3.7
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.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

MGAAF buys
0
GBDC buys
0
No recent congressional trades found for MGAAF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricMGAAFGBDC
Forward yield4.00%11.85%
Annual dividend / share$0.62$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR-14.3%51.1%
Portfolio after 10y$22.7K$20.78M
Annual income after 10y$98.01$16,389,263.41
Total dividends collected$2.0K$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearMGAAF PortfolioMGAAF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$11,043$342.50$12,490$1,790.28$1.4KGBDC
2$12,118$302.92$16,522$3,157.73$4.4KGBDC
3$13,233$266.26$23,578$5,898.68$10.3KGBDC
4$14,392$232.87$37,115$11,886.75$22.7KGBDC
5$15,602$202.85$66,136$26,423.57$50.5KGBDC
6$16,871$176.13$137,257$66,491.44$120.4KGBDC
7$18,204$152.54$341,734$194,868.54$323.5KGBDC
8$19,610$131.83$1,050,788$685,133.02$1.03MGBDC
9$21,097$113.74$4,099,314$2,974,971.01$4.08MGBDC
10$22,672$98.01$20,775,530$16,389,263.41$20.75MGBDC

MGAAF vs GBDC: Complete Analysis 2026

MGAAFStock

Morinaga&Co., Ltd. manufactures, purchases, and sells confectionaries, food stuffs, frozen desserts, and health products in Japan and internationally. It offers confectionary products, including caramels, biscuits, chocolates, etc.; food products comprising cocoa, cake mix, etc.; frozen desserts, such as ice cream, etc.; and health products, including jelly drinks, etc. The company also provides health foods and beverages through mail services. It offers its products under the Morinaga Milk Caramel, Morinaga Milk Cocoa, Morinaga Ramune, Ottotto, Morinaga Biscuits, Chocoball, Amazake, Carré de chocolat, DARS, HI-CHEW, Morinaga Cocoa, Choco Monaka Jumbo, Vanilla Monaka Jumbo, Pari Pari Bar, Ita Choco Ice, ICEBOX, Morinaga Aojiru, Morinaga Collagen Drink, in BAR, and in Jelly brands. The company was founded in 1899 and is headquartered in Tokyo, Japan.

Full MGAAF 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.