HomeCompareMMAC vs GBDC

MMAC vs GBDC: Dividend Comparison 2026

MMAC yields 337.95% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 MMAC wins by $3404.70M in total portfolio value
10 years
MMAC
MMAC
● Live price
337.95%
Share price
$27.77
Annual div
$93.85
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$3425.55M
Annual income
$2,165,225,810.79
Full MMAC calculator →
GBDC
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 — MMAC vs GBDC

📍 MMAC 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 PeriodMMACGBDC
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, MMAC + GBDC cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
MMAC pays
GBDC pays
Both pay
Neither
💰

Tax Bracket Optimizer

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

MMAC
Annual income on $10K today (after 15% tax)
$28,726.14/yr
After 10yr DRIP, annual income (after tax)
$1,840,441,939.17/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, MMAC beats the other by $1,826,458,815.42/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

MMAC: 50%GBDC: 50%
100% GBDC50/50100% MMAC
Portfolio after 10yr
$1723.20M
Annual income
$1,090,838,272.32/yr
Blended yield
63.30%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

MMAC
No analyst data
Altman Z
24.4
Piotroski
4/9
GBDC
Analyst Ratings
6
Buy
5
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)

MMAC buys
0
GBDC buys
0
No recent congressional trades found for MMAC or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricMMACGBDC
Forward yield337.95%11.86%
Annual dividend / share$93.85$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1%
Portfolio after 10y$3425.55M$20.85M
Annual income after 10y$2,165,225,810.79$16,450,733.83
Total dividends collected$3303.80M$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearMMAC PortfolioMMAC Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$44,495$33,795.46$12,492$1,791.70+$32.0KMMAC
2$188,147$140,536.89$16,527$3,160.58+$171.6KMMAC
3$756,695$555,377.43$23,588$5,904.90+$733.1KMMAC
4$2,897,170$2,087,506.28$37,141$11,901.65+$2.86MMMAC
5$10,569,569$7,469,597.80$66,205$26,463.38+$10.50MMMAC
6$36,777,554$25,468,114.96$137,452$66,612.65+$36.64MMMAC
7$122,172,622$82,820,638.61$342,372$195,298.53+$121.83MMMAC
8$387,850,618$257,125,912.79$1,053,292$686,954.33+$386.80MMMAC
9$1,177,873,897$762,873,735.95$4,111,439$2,984,416.95+$1173.76MMMAC
10$3,425,550,881$2,165,225,810.79$20,849,974$16,450,733.83+$3404.70MMMAC

MMAC vs GBDC: Complete Analysis 2026

MMACStock

MMA Capital Holdings, Inc. engages in investing in debt associated with renewable energy infrastructure and real estate. The company is headquartered in Baltimore, Maryland and currently employs 216 full-time employees. The firm operates through three segments: United States (U.S.) Operations, International Operations and Corporate Operations. The U.S. Operations segment consists of three business lines: Leveraged Bonds, Low-Income Housing Tax Credits (LIHTC) and Energy Capital and Other Investments. In Leveraged Bonds business line, it owns and manages bonds that finance housing and infrastructure in the United States. In LIHTC business line, it owns and manages limited partner and general partner investments in affordable housing communities in the United States. In Energy Capital and Other Investments business line, it provides project capital necessary to develop and build renewable energy systems. The company manages International Operations segment through a subsidiary, International Housing Solutions S.a r.l. (IHS).

Full MMAC 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 →
📬

Get this MMAC vs GBDC comparison by email

Save your analysis + weekly dividend insights. Free forever.

More comparisons

MMAC vs SCHDMMAC vs JEPIMMAC vs OMMAC vs KOMMAC 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.