Is NKLA or GBDC a better dividend investment in 2026?

NKLA currently yields 1092.90% with a 5% 5-year dividend growth rate. GBDC yields 11.85% with 5% growth. The better choice depends on your goal: NKLA offers higher current income.

What is the dividend yield difference between NKLA and GBDC?

NKLA has a forward dividend yield of 1092.90% ($2.00/share annually). GBDC yields 11.85% ($1.50/share annually). The yield gap is 1081.05 percentage points.

Home › Compare › NKLA vs GBDC

NKLA vs GBDC: Dividend Comparison 2026

NKLA yields 1092.90% · GBDC yields 11.85%● Live data

vsPost on X →

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

🏆 NKLA wins by $41054302.74M in total portfolio value

INVESTMENT

TIME HORIZON10 years

NKLA

● Live price

1092.90%

Share price

$0.18

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$41054323.52M

Annual income

$34,791,966,204,744.03

Full NKLA 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 — NKLA vs GBDC

📍 NKLA 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	NKLA	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, NKLA + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

NKLA pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

NKLA

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

$92,896.17/yr

After 10yr DRIP, annual income (after tax)

$29,573,171,274,032.43/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, NKLA beats the other by $29,573,157,343,158.53/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 NKLA + GBDC for your $10,000?

NKLA: 50%GBDC: 50%

100% GBDC50/50100% NKLA

Portfolio after 10yr

$20527172.15M

Annual income

$17,395,991,297,003.71/yr

Blended yield

84.75%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

NKLA

Analyst Ratings

Buy

Hold

Consensus: Hold

Price Target

$177.67

+96987.4% upside vs current

Range: $12.00 — $356.40

Altman Z

-14.5

Piotroski

3/9

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)

NKLA 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 →

MetricNKLAGBDC

Forward yield	1092.90% ✓	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	$41054323.52M ✓	$20.78M
Annual income after 10y	$34,791,966,204,744.03 ✓	$16,389,263.41
Total dividends collected	$40581558.54M ✓	$20.36M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC
Analyst consensus	Hold	Buy
Analyst price target	$177.67 ✓	$14.00

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

Year	NKLA Portfolio	NKLA Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$119,990	$109,289.62	$12,490	$1,790.28	+$107.5K → NKLA
2	$1,353,961	$1,225,571.91	$16,522	$3,157.73	+$1.34M → NKLA
3	$14,373,348	$12,924,609.80	$23,578	$5,898.68	+$14.35M → NKLA
4	$143,608,262	$128,228,779.63	$37,115	$11,886.75	+$143.57M → NKLA
5	$1,351,016,636	$1,197,355,796.28	$66,136	$26,423.57	+$1350.95M → NKLA
6	$11,972,977,856	$10,527,390,054.98	$137,257	$66,491.44	+$11972.84M → NKLA
7	$100,003,443,576	$87,192,357,270.49	$341,734	$194,868.54	+$100003.10M → NKLA
8	$787,627,932,438	$680,624,247,811.53	$1,050,788	$685,133.02	+$787626.88M → NKLA
9	$5,852,670,387,040	$5,009,908,499,331.08	$4,099,314	$2,974,971.01	+$5852666.29M → NKLA
10	$41,054,323,518,877	$34,791,966,204,744.03	$20,775,530	$16,389,263.41	+$41054302.74M → NKLA

NKLA vs GBDC: Complete Analysis 2026

NKLA — Stock

Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. It operates through two business units, Truck and Energy. The Truck business unit develops and commercializes battery hydrogen-electric and battery-electric semi-trucks to the trucking sector. The Energy business unit develops and constructs a network of hydrogen fueling stations; and offers BEV charging solutions for its FCEV and BEV customers, as well as other third-party customers. The company also assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. Nikola Corporation is headquartered in Phoenix, Arizona.

Full NKLA 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.