Is NCPCF or GBDC a better dividend investment in 2026?

NCPCF currently yields 92.38% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: NCPCF offers higher current income.

What is the dividend yield difference between NCPCF and GBDC?

NCPCF has a forward dividend yield of 92.38% ($2.00/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 80.52 percentage points.

Home › Compare › NCPCF vs GBDC

NCPCF vs GBDC: Dividend Comparison 2026

NCPCF yields 92.38% · GBDC yields 11.86%● Live data

vsPost on X →

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

🏆 GBDC wins by $18.01M in total portfolio value· pulled ahead in Year 9

INVESTMENT

TIME HORIZON10 years

NCPCF

● Live price

92.38%

Share price

$2.17

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$2.84M

Annual income

$907,006.85

Full NCPCF 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 — NCPCF vs GBDC

📍 GBDC pulled ahead of the other in Year 9

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	NCPCF	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, NCPCF + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

NCPCF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

NCPCF

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

$7,852.19/yr

After 10yr DRIP, annual income (after tax)

$770,955.82/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 $13,212,167.93/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

NCPCF: 50%GBDC: 50%

100% GBDC50/50100% NCPCF

Portfolio after 10yr

$11.84M

Annual income

$8,678,870.34/yr

Blended yield

73.28%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

NCPCF

No analyst data

Altman Z

-101.1

Piotroski

2/9

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)

NCPCF buys

GBDC buys

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

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

MetricNCPCFGBDC

Forward yield	92.38% ✓	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	$2.84M	$20.85M ✓
Annual income after 10y	$907,006.85	$16,450,733.83 ✓
Total dividends collected	$2.51M	$20.43M ✓
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	NCPCF Portfolio	NCPCF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1	$19,938	$9,237.88	$12,492	$1,791.70	+$7.4K → NCPCF
2	$38,547	$17,213.42	$16,527	$3,160.58	+$22.0K → NCPCF
3	$72,348	$31,102.45	$23,588	$5,904.90	+$48.8K → NCPCF
4	$131,968	$54,556.36	$37,141	$11,901.65	+$94.8K → NCPCF
5	$234,211	$93,005.12	$66,205	$26,463.38	+$168.0K → NCPCF
6	$404,869	$154,262.73	$137,452	$66,612.65	+$267.4K → NCPCF
7	$682,430	$249,220.49	$342,372	$195,298.53	+$340.1K → NCPCF
8	$1,122,794	$392,594.15	$1,053,292	$686,954.33	+$69.5K → NCPCF
9← crossover	$1,805,063	$603,673.48	$4,111,439	$2,984,416.95	$2.31M → GBDC
10	$2,838,425	$907,006.85	$20,849,974	$16,450,733.83	$18.01M → GBDC

NCPCF vs GBDC: Complete Analysis 2026

NCPCF — Stock

Nickel Creek Platinum Corp. engages in the exploration, evaluation, and development of nickel and platinum group metals in North America. The company also explores for copper, cobalt, palladium, and gold deposits. Its flagship asset is its 100% owned Nickel Shäw project that consists of 711 mineral claims covering an area of approximately 13,279 hectares and 91 quartz mining leases covering an area of approximately 1,371 hectares located in the southwestern Yukon Territory, Canada. The company was formerly known as Wellgreen Platinum Ltd. and changed its name to Nickel Creek Platinum Corp. in January 2018. Nickel Creek Platinum Corp. is headquartered in Vancouver, Canada.

Full NCPCF 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.