Home › Compare › NGMC vs GBDC

NGMC vs GBDC: Dividend Comparison 2026

NGMC yields 95.24% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $17.65M in total portfolio value· pulled ahead in Year 9
10 years
NGMC
NGMC
● Live price
95.24%
Share price
$2.10
Annual div
$2.00
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$3.20M
Annual income
$1,043,960.64
Full NGMC 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 — NGMC 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 PeriodNGMCGBDC
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, NGMC + GBDC cover 0 of 12 months — good coverage

Jan
—
Feb
—
Mar
—
Apr
—
May
—
Jun
—
Jul
—
Aug
—
Sep
—
Oct
—
Nov
—
Dec
—
NGMC pays
GBDC pays
Both pay
Neither
💰

Tax Bracket Optimizer

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

NGMC
Annual income on $10K today (after 15% tax)
$8,095.24/yr
After 10yr DRIP, annual income (after tax)
$887,366.54/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 $13,095,757.21/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

NGMC: 50%GBDC: 50%
100% GBDC50/50100% NGMC
Portfolio after 10yr
$12.03M
Annual income
$8,747,347.24/yr
Blended yield
72.74%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

NGMC
No analyst data
Altman Z
-54.9
Piotroski
7/9
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)

NGMC buys
0
GBDC buys
0
No recent congressional trades found for NGMC or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricNGMCGBDC
Forward yield95.24% ✓11.86%
Annual dividend / share$2.00 ✓$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1% ✓
Portfolio after 10y$3.20M$20.85M ✓
Annual income after 10y$1,043,960.64$16,450,733.83 ✓
Total dividends collected$2.84M$20.43M ✓
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearNGMC PortfolioNGMC Income/yrGBDC PortfolioGBDC Income/yrGap
1$20,224$9,523.81$12,492$1,791.70+$7.7K → NGMC
2$39,640$18,000.72$16,527$3,160.58+$23.1K → NGMC
3$75,390$32,974.56$23,588$5,904.90+$51.8K → NGMC
4$139,277$58,609.85$37,141$11,901.65+$102.1K → NGMC
5$250,220$101,193.83$66,205$26,463.38+$184.0K → NGMC
6$437,643$169,907.92$137,452$66,612.65+$300.2K → NGMC
7$746,012$277,733.46$342,372$195,298.53+$403.6K → NGMC
8$1,240,688$442,455.79$1,053,292$686,954.33+$187.4K → NGMC
9← crossover$2,015,243$687,706.55$4,111,439$2,984,416.95$2.10M → GBDC
10$3,200,271$1,043,960.64$20,849,974$16,450,733.83$17.65M → GBDC

NGMC vs GBDC: Complete Analysis 2026

NGMC — Stock

Next Generation Management Corp. operates a medical marijuana dispensary in Hollywood, California. It provides dispensary management services to the medical marijuana industry, including site location selection, dispensary build out, staffing, staff and manager training, security services, and financial advice. It also Dispensary Management Service package, a suite of industry specific software that offers seed to sale controls and regulatory agency compliance featuring the BiotrackTHC application suite. The company was formerly known as Next Generation Energy Corp. and changed its name to Next Generation Management Corp. in June 2014. Next Generation Management Corp. was founded in 1980 and is based in Annandale, Virginia.

Full NGMC 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 NGMC vs GBDC comparison by email

Save your analysis + weekly dividend insights. Free forever.

More comparisons

NGMC vs SCHDNGMC vs JEPINGMC vs ONGMC vs KONGMC 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.