Is PCELF or GBDC a better dividend investment in 2026?

PCELF currently yields 107.24% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: PCELF offers higher current income.

What is the dividend yield difference between PCELF and GBDC?

PCELF has a forward dividend yield of 107.24% ($2.00/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 95.38 percentage points.

Home › Compare › PCELF vs GBDC

PCELF vs GBDC: Dividend Comparison 2026

PCELF yields 107.24% · GBDC yields 11.86%● Live data

vsPost on X →

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

🏆 GBDC wins by $15.64M in total portfolio value· pulled ahead in Year 9

INVESTMENT

TIME HORIZON10 years

PCELF

● Live price

107.24%

Share price

$1.87

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$5.21M

Annual income

$1,839,813.53

Full PCELF 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 — PCELF 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 Period	PCELF	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, PCELF + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

PCELF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

PCELF

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

$9,115.28/yr

After 10yr DRIP, annual income (after tax)

$1,563,841.50/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 $12,419,282.25/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

PCELF: 50%GBDC: 50%

100% GBDC50/50100% PCELF

Portfolio after 10yr

$13.03M

Annual income

$9,145,273.69/yr

Blended yield

70.17%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

PCELF

No analyst data

Altman Z

2.9

Piotroski

1/9

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)

PCELF buys

GBDC buys

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

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

MetricPCELFGBDC

Forward yield	107.24% ✓	11.86%
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	$5.21M	$20.85M ✓
Annual income after 10y	$1,839,813.53	$16,450,733.83 ✓
Total dividends collected	$4.69M	$20.43M ✓
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	PCELF Portfolio	PCELF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1	$21,424	$10,723.86	$12,492	$1,791.70	+$8.9K → PCELF
2	$44,395	$21,471.63	$16,527	$3,160.58	+$27.9K → PCELF
3	$89,086	$41,583.33	$23,588	$5,904.90	+$65.5K → PCELF
4	$173,307	$77,984.82	$37,141	$11,901.65	+$136.2K → PCELF
5	$327,224	$141,785.62	$66,205	$26,463.38	+$261.0K → PCELF
6	$600,324	$250,194.39	$137,452	$66,612.65	+$462.9K → PCELF
7	$1,071,324	$428,977.33	$342,372	$195,298.53	+$729.0K → PCELF
8	$1,861,777	$715,460.46	$1,053,292	$686,954.33	+$808.5K → PCELF
9← crossover	$3,154,109	$1,162,006.85	$4,111,439	$2,984,416.95	$957.3K → GBDC
10	$5,214,710	$1,839,813.53	$20,849,974	$16,450,733.83	$15.64M → GBDC

PCELF vs GBDC: Complete Analysis 2026

PCELF — Stock

PowerCell Sweden AB (publ) develops and produces fuel cells and fuel cell systems for automotive, marine, and stationary applications in Sweden and internationally. It offers PowerCell S2 based solutions that comprise PowerCell MS-30, a fuel cell system for battery-operated electric vehicles; PowerCell PS-5, a fuel cell system that is used for electricity generation, as well as an auxiliary power generator for telecom, traffic, building, and household applications; and PowerCell S2 fuel cell stack. The company also offers PowerCell S3 based solutions, including Powercell MS-100 for heavy-duty use applications; PowerCell megawatt solutions for marine and stationary applications; and PowerCell S3 fuel cell stack for stationary and mobile applications. In addition, it offers engineering services and zero emission solutions. The company was founded in 2008 and is based in Gothenburg, Sweden.

Full PCELF 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.