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OBDC vs SHLX: Dividend Comparison 2026

OBDC yields 13.59% · SHLX yields 60.75%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 OBDC wins by $489.8K in total portfolio value· pulled ahead in Year 3
10 years
OBDC
OBDC
● Live price
13.59%
Share price
$10.89
Annual div
$1.48
5Y div CAGR
27.4%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$521.9K
Annual income
$228,401.19
Full OBDC calculator →
SHLX
SHLX
● Live price
60.75%
Share price
$15.82
Annual div
$9.61
5Y div CAGR
-50%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$32.1K
Annual income
$9.66
Full SHLX calculator →

Portfolio growth — OBDC vs SHLX

📍 OBDC pulled ahead of the other in Year 3

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 PeriodOBDCSHLX
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, OBDC + SHLX cover 0 of 12 months — good coverage

Jan
—
Feb
—
Mar
—
Apr
—
May
—
Jun
—
Jul
—
Aug
—
Sep
—
Oct
—
Nov
—
Dec
—
OBDC pays
SHLX pays
Both pay
Neither
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Tax Bracket Optimizer

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

OBDC
Annual income on $10K today (after 15% tax)
$1,155.19/yr
After 10yr DRIP, annual income (after tax)
$194,141.01/yr
SHLX
Annual income on $10K today (after 15% tax)
$5,163.96/yr
After 10yr DRIP, annual income (after tax)
$8.21/yr
At 15% tax rate, OBDC beats the other by $194,132.80/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

What's the optimal mix of OBDC + SHLX for your $10,000?

OBDC: 50%SHLX: 50%
100% SHLX50/50100% OBDC
Portfolio after 10yr
$277.0K
Annual income
$114,205.42/yr
Blended yield
41.23%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on OBDC right now

OBDC
Analyst Ratings
10
Buy
3
Hold
Consensus: Buy
Price Target
$14.33
+31.6% upside vs current
Range: $14.00 — $15.00
Altman Z
0.6
Piotroski
5/9
SHLX
Analyst Ratings
4
Buy
7
Hold
4
Sell
Consensus: Hold
Price Target
$16.00
+1.1% upside vs current
Range: $16.00 — $16.00
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)

OBDC buys
0
SHLX buys
0
No recent congressional trades found for OBDC or SHLX in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricOBDCSHLX
Forward yield13.59%60.75% ✓
Annual dividend / share$1.48$9.61 ✓
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR27.4% ✓-50%
Portfolio after 10y$521.9K ✓$32.1K
Annual income after 10y$228,401.19 ✓$9.66
Total dividends collected$462.2K ✓$7.3K
Payment frequencyquarterlyquarterly
SectorBDCStock
Analyst consensusBuyHold
Analyst price target$14.33$16.00 ✓

Year-by-year: OBDC vs SHLX ($10,000, DRIP)

YearOBDC PortfolioOBDC Income/yrSHLX PortfolioSHLX Income/yrGap
1$12,431$1,731.42$13,738$3,037.63$1.3K → SHLX
2$15,864$2,562.77$16,649$1,949.99$785.00 → SHLX
3← crossover$20,869$3,894.02$18,919$1,104.34+$1.9K → OBDC
4$28,429$6,099.02$20,830$586.40+$7.6K → OBDC
5$40,311$9,892.45$22,590$301.69+$17.7K → OBDC
6$59,835$16,701.58$24,324$152.89+$35.5K → OBDC
7$93,540$29,516.82$26,103$76.93+$67.4K → OBDC
8$155,029$54,941.36$27,969$38.58+$127.1K → OBDC
9$274,299$108,418.00$29,946$19.32+$244.4K → OBDC
10$521,901$228,401.19$32,052$9.66+$489.8K → OBDC

OBDC vs SHLX: Complete Analysis 2026

OBDC — BDC

Owl Rock Capital Corporation is a business development company. The fund makes investments in senior secured or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments and common equity investments. Within private equity, it seeks to invest in growth, acquisitions, market or product expansion, refinancings and recapitalizations. It seeks to invest in middle market companies based in the United States, with EBITDA between $10 million and $250 million annually and/or annual revenue of $50 million and $2.5 billion at the time of investment.

Full OBDC Calculator →

SHLX — Stock

Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream, and logistics assets in the United States. It owns interests in crude oil and refined products pipelines and terminals to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets. The company stores and transports crude oil, refined, natural gas, and refinery gas products for various customers, including producers, refiners, marketers, and traders, as well as to other crude oil and refined products pipelines through its pipelines and storage tanks. Shell Midstream Partners GP LLC serves as the general partner of Shell Midstream Partners, L.P. The company was incorporated in 2014 and is headquartered in Houston, Texas. Shell Midstream Partners, L.P. is a subsidiary of Shell Pipeline Company LP.

Full SHLX 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.