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PSDN vs GBDC: Dividend Comparison 2026

PSDN yields 201.82% · GBDC yields 11.86%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 PSDN wins by $104.94M in total portfolio value
10 years
PSDN
PSDN
● Live price
201.82%
Share price
$0.99
Annual div
$2.00
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$125.79M
Annual income
$63,699,639.62
Full PSDN 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 — PSDN vs GBDC

📍 PSDN 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 PeriodPSDNGBDC
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, PSDN + GBDC cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
PSDN pays
GBDC pays
Both pay
Neither
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Tax Bracket Optimizer

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

PSDN
Annual income on $10K today (after 15% tax)
$17,154.39/yr
After 10yr DRIP, annual income (after tax)
$54,144,693.68/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, PSDN beats the other by $40,161,569.92/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

PSDN: 50%GBDC: 50%
100% GBDC50/50100% PSDN
Portfolio after 10yr
$73.32M
Annual income
$40,075,186.73/yr
Blended yield
54.66%
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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

PSDN
No analyst data
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.
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Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

PSDN buys
0
GBDC buys
0
No recent congressional trades found for PSDN or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricPSDNGBDC
Forward yield201.82%11.86%
Annual dividend / share$2.00$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1%
Portfolio after 10y$125.79M$20.85M
Annual income after 10y$63,699,639.62$16,450,733.83
Total dividends collected$118.60M$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearPSDN PortfolioPSDN Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$30,882$20,181.63$12,492$1,791.70+$18.4KPSDN
2$91,290$58,246.90$16,527$3,160.58+$74.8KPSDN
3$258,602$160,921.18$23,588$5,904.90+$235.0KPSDN
4$702,730$426,026.35$37,141$11,901.65+$665.6KPSDN
5$1,833,878$1,081,956.65$66,205$26,463.38+$1.77MPSDN
6$4,601,058$2,638,808.59$137,452$66,612.65+$4.46MPSDN
7$11,110,578$6,187,445.49$342,372$195,298.53+$10.77MPSDN
8$25,852,212$13,963,893.68$1,053,292$686,954.33+$24.80MPSDN
9$58,027,603$30,365,736.78$4,111,439$2,984,416.95+$53.92MPSDN
10$125,789,175$63,699,639.62$20,849,974$16,450,733.83+$104.94MPSDN

PSDN vs GBDC: Complete Analysis 2026

PSDNStock

The fund is an actively managed exchange-traded fund (“ETF”) that seeks to invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in (i) securities of companies that derive at least 50% of their net revenue directly from the marijuana and hemp business or from providing services, products or technology to the marijuana and hemp business, and (ii) derivatives that have economic characteristics similar to such securities. The fund is non-diversified.

Full PSDN 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.