Is MMTLF or GBDC a better dividend investment in 2026?

MMTLF currently yields 400.32% with a 5% 5-year dividend growth rate. GBDC yields 11.85% with 5% growth. The better choice depends on your goal: MMTLF offers higher current income.

What is the dividend yield difference between MMTLF and GBDC?

MMTLF has a forward dividend yield of 400.32% ($2.00/share annually). GBDC yields 11.85% ($1.50/share annually). The yield gap is 388.47 percentage points.

Home › Compare › MMTLF vs GBDC

MMTLF vs GBDC: Dividend Comparison 2026

MMTLF yields 400.32% · GBDC yields 11.85%● Live data

vsPost on X →

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

🏆 MMTLF wins by $11484.27M in total portfolio value

INVESTMENT

TIME HORIZON10 years

MMTLF

● Live price

400.32%

Share price

$0.50

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$11505.05M

Annual income

$7,714,288,516.87

Full MMTLF 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 — MMTLF vs GBDC

📍 MMTLF 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 Period	MMTLF	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%.

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Dividend Calendar Overlap

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

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

MMTLF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

MMTLF

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

$34,027.22/yr

After 10yr DRIP, annual income (after tax)

$6,557,145,239.34/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, MMTLF beats the other by $6,543,214,365.44/year in after-tax income after 10 years on $10,000

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Lazy Portfolio Split Optimizer

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

MMTLF: 50%GBDC: 50%

100% GBDC50/50100% MMTLF

Portfolio after 10yr

$5762.91M

Annual income

$3,865,338,890.14/yr

Blended yield

67.07%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

MMTLF

No analyst data

Altman Z

33.8

Piotroski

2/9

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.

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Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

MMTLF 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 →

MetricMMTLFGBDC

Forward yield	400.32% ✓	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	$11505.05M ✓	$20.78M
Annual income after 10y	$7,714,288,516.87 ✓	$16,389,263.41
Total dividends collected	$11156.32M ✓	$20.36M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	MMTLF Portfolio	MMTLF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$50,732	$40,032.03	$12,490	$1,790.28	+$38.2K → MMTLF
2	$244,088	$189,804.28	$16,522	$3,157.73	+$227.6K → MMTLF
3	$1,114,638	$853,464.82	$23,578	$5,898.68	+$1.09M → MMTLF
4	$4,835,085	$3,642,422.09	$37,115	$11,886.75	+$4.80M → MMTLF
5	$19,940,008	$14,766,466.81	$66,136	$26,423.57	+$19.87M → MMTLF
6	$78,249,140	$56,913,331.32	$137,257	$66,491.44	+$78.11M → MMTLF
7	$292,456,387	$208,729,807.51	$341,734	$194,868.54	+$292.11M → MMTLF
8	$1,042,020,166	$729,091,832.14	$1,050,788	$685,133.02	+$1040.97M → MMTLF
9	$3,542,764,717	$2,427,803,138.67	$4,099,314	$2,974,971.01	+$3538.67M → MMTLF
10	$11,505,046,764	$7,714,288,516.87	$20,775,530	$16,389,263.41	+$11484.27M → MMTLF

MMTLF vs GBDC: Complete Analysis 2026

MMTLF — Stock

Critical One Energy Inc. (formerly Madison Metals Inc.) is a forward-focused critical minerals and upstream energy company, powering the future of clean energy and advanced technologies. The addition of the Howells Lake Antimony-Gold Project broadens the Company’s exposure to antimony, one of the most in-demand critical minerals. Backed by seasoned management expertise and prime resource assets, Critical One is strategically positioned to meet the rising global demand for critical minerals and metals. Its mine exploration portfolio is led by antimony-gold exploration potential in Canada and uranium investment interests in Namibia, Africa.

Full MMTLF 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 →

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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.