Is NPPGF or GBDC a better dividend investment in 2026?

NPPGF currently yields 11.68% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: GBDC offers higher current income.

What is the dividend yield difference between NPPGF and GBDC?

NPPGF has a forward dividend yield of 11.68% ($2.00/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 0.18 percentage points.

Home › Compare › NPPGF vs GBDC

NPPGF vs GBDC: Dividend Comparison 2026

NPPGF yields 11.68% · GBDC yields 11.86%● Live data

vsPost on X →

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

🏆 NPPGF wins by $1242514.94M in total portfolio value

INVESTMENT

TIME HORIZON10 years

NPPGF

● Live price

11.68%

Share price

$17.13

Annual div

$2.00

5Y div CAGR

100%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$1242535.79M

Annual income

$1,222,427,936,933.22

Full NPPGF 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 — NPPGF vs GBDC

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

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

NPPGF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

NPPGF

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

$992.69/yr

After 10yr DRIP, annual income (after tax)

$1,039,063,746,393.24/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, NPPGF beats the other by $1,039,049,763,269.48/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

NPPGF: 50%GBDC: 50%

100% GBDC50/50100% NPPGF

Portfolio after 10yr

$621278.32M

Annual income

$611,222,193,833.53/yr

Blended yield

98.38%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

NPPGF

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)

NPPGF buys

GBDC buys

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

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

MetricNPPGFGBDC

Forward yield	11.68%	11.86% ✓
Annual dividend / share	$2.00 ✓	$1.50
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	100% ✓	51.1%
Portfolio after 10y	$1242535.79M ✓	$20.85M
Annual income after 10y	$1,222,427,936,933.22 ✓	$16,450,733.83
Total dividends collected	$1241181.57M ✓	$20.43M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	NPPGF Portfolio	NPPGF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$13,036	$2,335.74	$12,492	$1,791.70	+$544.00 → NPPGF
2	$19,639	$5,691.25	$16,527	$3,160.58	+$3.1K → NPPGF
3	$37,041	$16,026.85	$23,588	$5,904.90	+$13.5K → NPPGF
4	$96,134	$56,499.93	$37,141	$11,901.65	+$59.0K → NPPGF
5	$376,949	$274,086.00	$66,205	$26,463.38	+$310.7K → NPPGF
6	$2,412,148	$2,008,812.36	$137,452	$66,612.65	+$2.27M → NPPGF
7	$26,608,390	$24,027,391.79	$342,372	$195,298.53	+$26.27M → NPPGF
8	$523,884,071	$495,413,093.83	$1,053,292	$686,954.33	+$522.83M → NPPGF
9	$18,792,387,161	$18,231,831,204.81	$4,111,439	$2,984,416.95	+$18788.28M → NPPGF
10	$1,242,535,791,196	$1,222,427,936,933.22	$20,849,974	$16,450,733.83	+$1242514.94M → NPPGF

NPPGF vs GBDC: Complete Analysis 2026

NPPGF — Stock

Nippon Gas Co., Ltd. engages in the supply and sale of LP gas and natural gas in Japan. It operates through LP Gas Business, Electricity Business, and City Gas Business segments. The company supplies LP gas through pipelines to homes built for sale, company dormitories, apartment buildings, other residential apartment complexes, as well as for commercial, industrial, agricultural, and automotive use; and high-pressure gas for commercial and industrial use. It also sells glass-top stoves, built-in stoves, gas oven ranges, gas rice cookers, dishwashers; gas water heaters, instant water heaters, floor heating products, bathroom heater/ventilation/dryer combo systems, and mist saunas; and commercial and industrial gas appliances. In addition, the company sells air-conditioning equipment, including gas and absorption heat pumps, cogeneration systems, and gas infrared heaters; remodeling-related equipment; and household equipment, as well as offers accident insurance agency services. Further, it engages in residential remodeling and consulting business; and the construction of gas, water supply, drainage, and air conditioning/heating equipment. Additionally, the company is involved in the electric power and gas business. Nippon Gas Co., Ltd. was founded in 1955 and is based in Tokyo, Japan.

Full NPPGF 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 NPPGF vs GBDC comparison by email

Save your analysis + weekly dividend insights. Free forever.

More comparisons

NPPGF vs SCHD NPPGF vs JEPI NPPGF vs O NPPGF vs KO NPPGF 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.