Is NBLD or GBDC a better dividend investment in 2026?

NBLD currently yields 189.57% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: NBLD offers higher current income.

What is the dividend yield difference between NBLD and GBDC?

NBLD has a forward dividend yield of 189.57% ($2.00/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 177.71 percentage points.

Home › Compare › NBLD vs GBDC

NBLD vs GBDC: Dividend Comparison 2026

NBLD yields 189.57% · GBDC yields 11.86%● Live data

vsPost on X →

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

🏆 NBLD wins by $67.01M in total portfolio value

INVESTMENT

TIME HORIZON10 years

NBLD

● Live price

189.57%

Share price

$1.06

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$87.86M

Annual income

$43,117,082.25

Full NBLD calculator →

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 — NBLD vs GBDC

📍 NBLD 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 Period	NBLD	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%.

📅

Dividend Calendar Overlap

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

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

NBLD pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

NBLD

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

$16,113.74/yr

After 10yr DRIP, annual income (after tax)

$36,649,519.91/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, NBLD beats the other by $22,666,396.16/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

NBLD: 50%GBDC: 50%

100% GBDC50/50100% NBLD

Portfolio after 10yr

$54.35M

Annual income

$29,783,908.05/yr

Blended yield

54.80%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

NBLD

No analyst data

GBDC

Analyst Ratings

Buy

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)

NBLD buys

GBDC buys

No recent congressional trades found for NBLD or GBDC in the last 90 days.

STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →

MetricNBLDGBDC

Forward yield	189.57% ✓	11.86%
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	$87.86M ✓	$20.85M
Annual income after 10y	$43,117,082.25 ✓	$16,450,733.83
Total dividends collected	$82.55M ✓	$20.43M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	NBLD Portfolio	NBLD Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$29,657	$18,957.35	$12,492	$1,791.70	+$17.2K → NBLD
2	$84,278	$52,544.35	$16,527	$3,160.58	+$67.8K → NBLD
3	$229,725	$139,547.71	$23,588	$5,904.90	+$206.1K → NBLD
4	$601,301	$355,495.58	$37,141	$11,901.65	+$564.2K → NBLD
5	$1,513,022	$869,629.94	$66,205	$26,463.38	+$1.45M → NBLD
6	$3,663,984	$2,045,050.10	$137,452	$66,612.65	+$3.53M → NBLD
7	$8,548,836	$4,628,373.75	$342,372	$195,298.53	+$8.21M → NBLD
8	$19,239,740	$10,092,484.76	$1,053,292	$686,954.33	+$18.19M → NBLD
9	$41,814,396	$21,227,874.37	$4,111,439	$2,984,416.95	+$37.70M → NBLD
10	$87,858,486	$43,117,082.25	$20,849,974	$16,450,733.83	+$67.01M → NBLD

NBLD vs GBDC: Complete Analysis 2026

NBLD — Stock

Nestbuilder.com Corp. designs and manufactures primary and backup hydrogen fuel cell (HFC) power generation systems for rapid electric vehicle (EV) charging, office parks, data centers, and retail facilities. The company provides mobile and transportable HFC-powered EV rapid charge systems; hydrogen transport and refueling vehicles; hydrogen storage modules; and greenhouse HFC grids. It also offers infrastructure solutions and systems. The company is based in Lindon, Utah.

Full NBLD 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 →

📬

Get this NBLD vs GBDC comparison by email

Save your analysis + weekly dividend insights. Free forever.

More comparisons

NBLD vs SCHD NBLD vs JEPI NBLD vs O NBLD vs KO NBLD 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.