Is RECEF or GBDC a better dividend investment in 2026?

RECEF currently yields 909.09% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: RECEF offers higher current income.

What is the dividend yield difference between RECEF and GBDC?

RECEF has a forward dividend yield of 909.09% ($2.00/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 897.23 percentage points.

Home › Compare › RECEF vs GBDC

RECEF vs GBDC: Dividend Comparison 2026

RECEF yields 909.09% · GBDC yields 11.86%● Live data

vsPost on X →

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

🏆 RECEF wins by $8252627.36M in total portfolio value

INVESTMENT

TIME HORIZON10 years

RECEF

● Live price

909.09%

Share price

$0.22

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$8252648.21M

Annual income

$6,784,560,004,057.53

Full RECEF 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 — RECEF vs GBDC

📍 RECEF pulled ahead of the other in Year 1

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	RECEF	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, RECEF + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

RECEF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

RECEF

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

$77,272.73/yr

After 10yr DRIP, annual income (after tax)

$5,766,876,003,448.90/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, RECEF beats the other by $5,766,862,020,325.15/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 RECEF + GBDC for your $10,000?

RECEF: 50%GBDC: 50%

100% GBDC50/50100% RECEF

Portfolio after 10yr

$4126334.53M

Annual income

$3,392,288,227,395.69/yr

Blended yield

82.21%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

RECEF

No analyst data

Altman Z

-148.3

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)

RECEF buys

GBDC buys

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

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

MetricRECEFGBDC

Forward yield	909.09% ✓	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	$8252648.21M ✓	$20.85M
Annual income after 10y	$6,784,560,004,057.53 ✓	$16,450,733.83
Total dividends collected	$8138900.96M ✓	$20.43M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	RECEF Portfolio	RECEF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$101,609	$90,909.09	$12,492	$1,791.70	+$89.1K → RECEF
2	$972,011	$863,288.79	$16,527	$3,160.58	+$955.5K → RECEF
3	$8,758,157	$7,718,105.75	$23,588	$5,904.90	+$8.73M → RECEF
4	$74,364,546	$64,993,317.91	$37,141	$11,901.65	+$74.33M → RECEF
5	$595,318,755	$515,748,691.06	$66,205	$26,463.38	+$595.25M → RECEF
6	$4,495,664,203	$3,858,673,134.79	$137,452	$66,612.65	+$4495.53M → RECEF
7	$32,043,550,537	$27,233,189,840.42	$342,372	$195,298.53	+$32043.21M → RECEF
8	$215,696,715,677	$181,410,116,602.38	$1,053,292	$686,954.33	+$215695.66M → RECEF
9	$1,372,045,052,584	$1,141,249,566,809.58	$4,111,439	$2,984,416.95	+$1372040.94M → RECEF
10	$8,252,648,210,323	$6,784,560,004,057.53	$20,849,974	$16,450,733.83	+$8252627.36M → RECEF

RECEF vs GBDC: Complete Analysis 2026

RECEF — Stock

Recce Pharmaceuticals Ltd, a biotechnology company, engages in the research, development, and commercialization of synthetic antiinfectives in Australia, the United States, and the United Kingdom. The company's lead candidate is RECCE 327 to treat blood infections and sepsis derived from E. coli and S. aureus bacteria, including their superbug forms. It also develops RECCE 529, a synthetic anti-infective for viral infections; and RECCE 435, a synthetic polymer anti-infective. The company was formerly known as Recce Limited and changed its name to Recce Pharmaceuticals Ltd in November 2017. Recce Pharmaceuticals Ltd was incorporated in 2007 and is headquartered in Sydney, Australia.

Full RECEF 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.