HomeCompareNNLRF vs GBDC

NNLRF vs GBDC: Dividend Comparison 2026

NNLRF yields 476.19% · GBDC yields 11.85%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 NNLRF wins by $42169.96M in total portfolio value
10 years
NNLRF
NNLRF
● Live price
476.19%
Share price
$0.42
Annual div
$2.00
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$42190.73M
Annual income
$29,856,826,336.61
Full NNLRF calculator →
GBDC
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 — NNLRF vs GBDC

📍 NNLRF 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 PeriodNNLRFGBDC
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, NNLRF + GBDC cover 0 of 12 monthsgood coverage

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

Tax Bracket Optimizer

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

NNLRF
Annual income on $10K today (after 15% tax)
$40,476.19/yr
After 10yr DRIP, annual income (after tax)
$25,378,302,386.12/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, NNLRF beats the other by $25,364,371,512.22/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

NNLRF: 50%GBDC: 50%
100% GBDC50/50100% NNLRF
Portfolio after 10yr
$21105.76M
Annual income
$14,936,607,800.00/yr
Blended yield
70.77%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

NNLRF
No analyst data
Altman Z
1.2
Piotroski
2/9
GBDC
Analyst Ratings
6
Buy
5
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.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

NNLRF buys
0
GBDC buys
0
No recent congressional trades found for NNLRF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricNNLRFGBDC
Forward yield476.19%11.85%
Annual dividend / share$2.00$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1%
Portfolio after 10y$42190.73M$20.78M
Annual income after 10y$29,856,826,336.61$16,389,263.41
Total dividends collected$41105.99M$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearNNLRF PortfolioNNLRF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$58,319$47,619.05$12,490$1,790.28+$45.8KNNLRF
2$321,943$259,541.82$16,522$3,157.73+$305.4KNNLRF
3$1,683,516$1,339,036.49$23,578$5,898.68+$1.66MNNLRF
4$8,345,411$6,544,049.07$37,115$11,886.75+$8.31MNNLRF
5$39,247,085$30,317,495.29$66,136$26,423.57+$39.18MNNLRF
6$175,244,996$133,250,614.99$137,257$66,491.44+$175.11MNNLRF
7$743,574,718$556,062,572.68$341,734$194,868.54+$743.23MNNLRF
8$3,000,677,157$2,205,052,208.89$1,050,788$685,133.02+$2999.63MNNLRF
9$11,527,017,061$8,316,292,502.31$4,099,314$2,974,971.01+$11522.92MNNLRF
10$42,190,734,592$29,856,826,336.61$20,775,530$16,389,263.41+$42169.96MNNLRF

NNLRF vs GBDC: Complete Analysis 2026

NNLRFStock

The REIT was formed to acquire specialized industrial and retail properties leased to experienced, top-tier, creditworthy state-licensed operators for their Regulated Cannabis facilities ("Licensed Facilities") in the United States. The REIT intends to acquire properties through sale-leaseback transactions and lease such properties on a triple net lease basis for a targeted 10 to 15 year term and strives to negotiate annual rental rate increases in the leases. The REIT's portfolio will consist of only Licensed Facilities in the United States with a targeted mix of 80% cultivation/grow/processing facilities and 20% retail/dispensary. The REIT is internally managed by a vertically integrated team of seasoned real estate and cannabis professionals with expertise across the spectrum of real estate investment management, including: acquisitions, underwriting, financing, asset management, property management, operations, development and redevelopment, accounting and regulatory affairs.

Full NNLRF 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.