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MMC vs GBDC: Dividend Comparison 2026

MMC yields 1.97% · GBDC yields 11.86%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $14.42M in total portfolio value
10 years
MMC
MMC
● Live price
1.97%
Share price
$182.70
Annual div
$3.60
5Y div CAGR
85.7%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$6.43M
Annual income
$5,337,816.49
Full MMC 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 — MMC 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 PeriodMMCGBDC
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, MMC + GBDC cover 0 of 12 monthsgood coverage

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

MMC
Annual income on $10K today (after 15% tax)
$167.49/yr
After 10yr DRIP, annual income (after tax)
$4,537,144.02/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, GBDC beats the other by $9,445,979.74/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

MMC: 50%GBDC: 50%
100% GBDC50/50100% MMC
Portfolio after 10yr
$13.64M
Annual income
$10,894,275.17/yr
Blended yield
79.87%
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Analyst Conviction Gap

Where Wall Street is most bullish on MMC right now

MMC
Analyst Ratings
8
Buy
17
Hold
1
Sell
Consensus: Hold
Price Target
$211.10
+15.5% upside vs current
Range: $190.00 — $257.00
Altman Z
2.1
Piotroski
5/9
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)

MMC buys
0
GBDC buys
0
No recent congressional trades found for MMC or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricMMCGBDC
Forward yield1.97%11.86%
Annual dividend / share$3.60$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR85.7%51.1%
Portfolio after 10y$6.43M$20.85M
Annual income after 10y$5,337,816.49$16,450,733.83
Total dividends collected$6.32M$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusHoldBuy
Analyst price target$211.10$14.00

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

YearMMC PortfolioMMC Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$11,066$365.91$12,492$1,791.70$1.4KGBDC
2$12,543$702.73$16,527$3,160.58$4.0KGBDC
3$14,804$1,382.43$23,588$5,904.90$8.8KGBDC
4$18,672$2,831.59$37,141$11,901.65$18.5KGBDC
5$26,177$6,198.25$66,205$26,463.38$40.0KGBDC
6$43,090$15,081.12$137,452$66,612.65$94.4KGBDC
7$89,191$43,084.83$342,372$195,298.53$253.2KGBDC
8$250,208$154,773.33$1,053,292$686,954.33$803.1KGBDC
9$1,021,256$753,533.27$4,111,439$2,984,416.95$3.09MGBDC
10$6,430,560$5,337,816.49$20,849,974$16,450,733.83$14.42MGBDC

MMC vs GBDC: Complete Analysis 2026

MMCStock

Marsh & McLennan Companies, Inc., a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services. This segment serves businesses, public entities, insurance companies, associations, professional services organizations, and private clients. The Consulting segment provides health, wealth, and career consulting services and products; and specialized management, as well as economic and brand consulting services. Marsh & McLennan Companies, Inc. was founded in 1871 and is headquartered in New York, New York.

Full MMC 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.