HomeComparePNOCF vs GBDC

PNOCF vs GBDC: Dividend Comparison 2026

PNOCF yields 4.45% · GBDC yields 11.86%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 PNOCF wins by $502.48M in total portfolio value· pulled ahead in Year 6
10 years
PNOCF
PNOCF
● Live price
4.45%
Share price
$5.60
Annual div
$0.25
5Y div CAGR
90.7%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$523.33M
Annual income
$489,301,393.79
Full PNOCF calculator →
GBDC
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 — PNOCF vs GBDC

📍 PNOCF pulled ahead of the other in Year 6

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 PeriodPNOCFGBDC
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, PNOCF + GBDC cover 0 of 12 monthsgood coverage

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

Tax Bracket Optimizer

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

PNOCF
Annual income on $10K today (after 15% tax)
$378.01/yr
After 10yr DRIP, annual income (after tax)
$415,906,184.72/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, PNOCF beats the other by $401,923,060.97/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

PNOCF: 50%GBDC: 50%
100% GBDC50/50100% PNOCF
Portfolio after 10yr
$272.09M
Annual income
$252,876,063.82/yr
Blended yield
92.94%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

PNOCF
No analyst data
Altman Z
1.7
Piotroski
5/9
GBDC
Analyst Ratings
6
Buy
5
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)

PNOCF buys
0
GBDC buys
0
No recent congressional trades found for PNOCF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricPNOCFGBDC
Forward yield4.45%11.86%
Annual dividend / share$0.25$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR90.7%51.1%
Portfolio after 10y$523.33M$20.85M
Annual income after 10y$489,301,393.79$16,450,733.83
Total dividends collected$520.80M$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearPNOCF PortfolioPNOCF Income/yrGBDC PortfolioGBDC Income/yrGap
1$11,548$848.07$12,492$1,791.70$944.00GBDC
2$14,102$1,745.45$16,527$3,160.58$2.4KGBDC
3$18,888$3,798.77$23,588$5,904.90$4.7KGBDC
4$29,278$9,068.04$37,141$11,901.65$7.9KGBDC
5$56,379$25,051.89$66,205$26,463.38$9.8KGBDC
6← crossover$146,304$85,977.78$137,452$66,612.65+$8.9KPNOCF
7$554,183$397,638.54$342,372$195,298.53+$211.8KPNOCF
8$3,277,417$2,684,440.26$1,053,292$686,954.33+$2.22MPNOCF
9$31,801,122$28,294,286.13$4,111,439$2,984,416.95+$27.69MPNOCF
10$523,328,594$489,301,393.79$20,849,974$16,450,733.83+$502.48MPNOCF

PNOCF vs GBDC: Complete Analysis 2026

PNOCFStock

Penta-Ocean Construction Co., Ltd. engages in the civil engineering and building construction activities in Japan, Southeast Asia, and internationally. The company operates through three segments: Domestic Civil Engineering, Domestic Building Construction, and Overseas. It provides its services in ports and harbors, airports, power stations, dams and river works, water supply and sewerages, bridges, roads and tunnels, railways, environmental, industrial and logistics, medical, health, welfare, recreational, offices, commercial and lodging, residential, and educational facilities. The company is involved in the development of domestic real estate properties; and shipbuilding, leasing, insurance, and environment businesses. Penta-Ocean Construction Co., Ltd. was founded in 1896 and is headquartered in Tokyo, Japan.

Full PNOCF 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.