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MTL vs GBDC: Dividend Comparison 2026

MTL yields 221.47% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.76M in total portfolio value· pulled ahead in Year 5
10 years
MTL
MTL
● Live price
221.47%
Share price
$2.25
Annual div
$4.98
5Y div CAGR
-50%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$88.1K
Annual income
$96.74
Full MTL 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 — MTL vs GBDC

📍 GBDC pulled ahead of the other in Year 5

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 PeriodMTLGBDC
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, MTL + GBDC cover 0 of 12 monthsgood coverage

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

MTL
Annual income on $10K today (after 15% tax)
$18,824.72/yr
After 10yr DRIP, annual income (after tax)
$82.23/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 $13,983,041.53/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 MTL + GBDC for your $10,000?

MTL: 50%GBDC: 50%
100% GBDC50/50100% MTL
Portfolio after 10yr
$10.47M
Annual income
$8,225,415.29/yr
Blended yield
78.57%
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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

MTL
Analyst Ratings
4
Hold
2
Sell
Consensus: Hold
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)

MTL buys
0
GBDC buys
0
No recent congressional trades found for MTL or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricMTLGBDC
Forward yield221.47%11.86%
Annual dividend / share$4.98$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR-50%51.1%
Portfolio after 10y$88.1K$20.85M
Annual income after 10y$96.74$16,450,733.83
Total dividends collected$41.6K$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusHoldBuy

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

YearMTL PortfolioMTL Income/yrGBDC PortfolioGBDC Income/yrGap
1$21,773$11,073.36$12,492$1,791.70+$9.3KMTL
2$34,564$11,266.56$16,527$3,160.58+$18.0KMTL
3$45,341$8,357.51$23,588$5,904.90+$21.8KMTL
4$53,638$5,123.07$37,141$11,901.65+$16.5KMTL
5← crossover$60,225$2,832.02$66,205$26,463.38$6.0KGBDC
6$65,926$1,485.88$137,452$66,612.65$71.5KGBDC
7$71,301$760.07$342,372$195,298.53$271.1KGBDC
8$76,676$384.13$1,053,292$686,954.33$976.6KGBDC
9$82,237$193.03$4,111,439$2,984,416.95$4.03MGBDC
10$88,090$96.74$20,849,974$16,450,733.83$20.76MGBDC

MTL vs GBDC: Complete Analysis 2026

MTLStock

Mechel PAO, together with its subsidiaries, engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, and internationally. The company operates through three segments: Steel, Mining, and Power. The Steel segment produces and sells semi-finished steel products, carbon and specialty long products, carbon and stainless flat products, and value-added downstream metal products, including forgings, stampings, hardware, rails, and ferrosilicon. The Mining segment produces and sells coking and steam coals, middlings, coke and chemical products, and iron ore concentrate. The Power segment generates and sells electricity and heat power to the third parties. It also provides transshipment and electricity distribution services. The company was formerly known as Mechel OAO and changed its name to Mechel PAO in March 2016. Mechel PAO was incorporated in 2003 and is headquartered in Moscow, Russia.

Full MTL 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.