Is PVLTF or GBDC a better dividend investment in 2026?

PVLTF currently yields 11.58% with a 5% 5-year dividend growth rate. GBDC yields 11.85% with 5% growth. The better choice depends on your goal: GBDC offers higher current income.

What is the dividend yield difference between PVLTF and GBDC?

PVLTF has a forward dividend yield of 11.58% ($0.01/share annually). GBDC yields 11.85% ($1.50/share annually). The yield gap is 0.27 percentage points.

Home › Compare › PVLTF vs GBDC

PVLTF vs GBDC: Dividend Comparison 2026

PVLTF yields 11.58% · GBDC yields 11.85%● Live data

vsPost on X →

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

🏆 GBDC wins by $20.73M in total portfolio value

INVESTMENT

TIME HORIZON10 years

PVLTF

● Live price

11.58%

Share price

$0.11

Annual div

$0.01

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$42.9K

Annual income

$2,386.87

Full PVLTF calculator →

GBDC

● Live price

11.85%

Share price

$12.66

Annual div

$1.50

5Y div CAGR

51.1%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$20.78M

Annual income

$16,389,263.41

Full GBDC calculator →

Portfolio growth — PVLTF vs GBDC

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

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

PVLTF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

PVLTF

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

$984.07/yr

After 10yr DRIP, annual income (after tax)

$2,028.84/yr

GBDC

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

$1,007.11/yr

After 10yr DRIP, annual income (after tax)

$13,930,873.90/yr

At 15% tax rate, GBDC beats the other by $13,928,845.06/year in after-tax income after 10 years on $10,000

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Lazy Portfolio Split Optimizer

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

PVLTF: 50%GBDC: 50%

100% GBDC50/50100% PVLTF

Portfolio after 10yr

$10.41M

Annual income

$8,195,825.14/yr

Blended yield

78.74%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

PVLTF

No analyst data

Altman Z

0.3

Piotroski

6/9

GBDC

Analyst Ratings

Buy

Hold

Consensus: Buy

Price Target

$14.00

+10.6% 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)

PVLTF buys

GBDC buys

Politician	Chamber	Ticker	Type	Amount	Date
David P. Joyce	🏢 House	$GBDC	▼ Sell	$1,001 - $15,000	2023-06-30
David P. Joyce	🏢 House	$GBDC	▼ Sell	$15,001 - $50,000	2023-06-19
David P. Joyce	🏢 House	$GBDC	▼ Sell	$15,001 - $50,000	2022-07-14
David P. Joyce	🏢 House	$GBDC	▼ Sell	$15,001 - $50,000	2022-07-12
Teresa Leger Fernandez	🏢 House	$GBDC	▼ Sell	$15,001 - $50,000	2021-01-20
David P. Joyce	🏢 House	$GBDC	▲ Buy	$1,001 - $15,000	2020-02-25
David P. Joyce	🏢 House	$GBDC	▲ Buy	$15,001 - $50,000	2019-05-30

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

MetricPVLTFGBDC

Forward yield	11.58%	11.85% ✓
Annual dividend / share	$0.01	$1.50 ✓
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	0%	51.1% ✓
Portfolio after 10y	$42.9K ✓	$20.78M
Annual income after 10y	$2,386.87	$16,389,263.41 ✓
Total dividends collected	$17.6K	$20.36M ✓
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	PVLTF Portfolio	PVLTF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$11,858	$1,157.73	$12,490	$1,790.28	$632.00 → GBDC
2	$13,971	$1,282.99	$16,522	$3,157.73	$2.6K → GBDC
3	$16,361	$1,412.73	$23,578	$5,898.68	$7.2K → GBDC
4	$19,053	$1,546.24	$37,115	$11,886.75	$18.1K → GBDC
5	$22,069	$1,682.81	$66,136	$26,423.57	$44.1K → GBDC
6	$25,436	$1,821.71	$137,257	$66,491.44	$111.8K → GBDC
7	$29,179	$1,962.25	$341,734	$194,868.54	$312.6K → GBDC
8	$33,325	$2,103.72	$1,050,788	$685,133.02	$1.02M → GBDC
9	$37,903	$2,245.47	$4,099,314	$2,974,971.01	$4.06M → GBDC
10	$42,943	$2,386.87	$20,775,530	$16,389,263.41	$20.73M → GBDC

PVLTF vs GBDC: Complete Analysis 2026

PVLTF — Stock

Beijing Energy International Holding Co., Ltd., an investment holding company, through its subsidiaries, engages in the investment, development, operation, and management of solar power plants and other renewable energy projects in the People's Republic of China and Hong Kong. As of December 31, 2021, it owned 104 power plants with total installed capacity of approximately 4,168.02 MW. The company is also involved in the design and installation of solar power systems; and research and development of solar power products and solar technology. In addition, it holds development rights for hydropower and solar projects. The company was formerly known as Panda Green Energy Group Limited and changed its name to Beijing Energy International Holding Co., Ltd. in September 2020. Beijing Energy International Holding Co., Ltd. is headquartered in Central, Hong Kong.

Full PVLTF 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.