HomeCompareSAFE vs TCPC

SAFE vs TCPC: Dividend Comparison 2026

SAFE yields 5.20% · TCPC yields 28.25%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 TCPC wins by $27.7K in total portfolio value
10 years
SAFE
SAFE
● Live price
5.20%
Share price
$13.62
Annual div
$0.71
5Y div CAGR
-34.3%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$21.3K
Annual income
$8.45
Full SAFE calculator →
TCPC
TCPC
● Live price
28.25%
Share price
$3.54
Annual div
$1.00
5Y div CAGR
-15.2%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$49.0K
Annual income
$1,317.64
Full TCPC calculator →

Portfolio growth — SAFE vs TCPC

📍 TCPC 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 PeriodSAFETCPC
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, SAFE + TCPC cover 0 of 12 monthsgood coverage

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

Tax Bracket Optimizer

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

SAFE
Annual income on $10K today (after 15% tax)
$441.85/yr
After 10yr DRIP, annual income (after tax)
$7.18/yr
TCPC
Annual income on $10K today (after 15% tax)
$2,401.13/yr
After 10yr DRIP, annual income (after tax)
$1,119.99/yr
At 15% tax rate, TCPC beats the other by $1,112.81/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

What's the optimal mix of SAFE + TCPC for your $10,000?

SAFE: 50%TCPC: 50%
100% TCPC50/50100% SAFE
Portfolio after 10yr
$35.2K
Annual income
$663.04/yr
Blended yield
1.88%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on SAFE right now

SAFE
Analyst Ratings
8
Buy
6
Hold
3
Sell
Consensus: Buy
Price Target
$15.50
+13.8% upside vs current
Range: $14.00 — $17.00
Altman Z
0.7
Piotroski
4/9
TCPC
Analyst Ratings
4
Buy
7
Hold
2
Sell
Consensus: Hold
Price Target
$8.00
+126.0% upside vs current
Range: $8.00 — $8.00
Altman Z
-1.0
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)

SAFE buys
0
TCPC buys
0
No recent congressional trades found for SAFE or TCPC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricSAFETCPC
Forward yield5.20%28.25%
Annual dividend / share$0.71$1.00
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR-34.3%-15.2%
Portfolio after 10y$21.3K$49.0K
Annual income after 10y$8.45$1,317.64
Total dividends collected$1.0K$20.5K
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusBuyHold
Analyst price target$15.50$8.00

Year-by-year: SAFE vs TCPC ($10,000, DRIP)

YearSAFE PortfolioSAFE Income/yrTCPC PortfolioTCPC Income/yrGap
1← crossover$11,042$341.52$13,095$2,395.48$2.1KTCPC
2$12,046$231.54$16,498$2,486.14$4.5KTCPC
3$13,044$155.11$20,135$2,482.31$7.1KTCPC
4$14,061$103.13$23,946$2,400.99$9.9KTCPC
5$15,113$68.26$27,885$2,262.94$12.8KTCPC
6$16,216$45.05$31,926$2,088.46$15.7KTCPC
7$17,381$29.68$36,055$1,894.98$18.7KTCPC
8$18,617$19.53$40,275$1,696.08$21.7KTCPC
9$19,933$12.85$44,596$1,501.51$24.7KTCPC
10$21,337$8.45$49,035$1,317.64$27.7KTCPC

SAFE vs TCPC: Complete Analysis 2026

SAFEStock

Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Through its modern ground lease capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT) and is managed by its largest shareholder, iStar Inc., seeks to deliver safe, growing income and long-term capital appreciation to its shareholders.

Full SAFE Calculator →

TCPCBDC

BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals. It seeks to invest in the United States. The fund typically invests between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million including complex situations. It prefers to make equity investments in companies for an ownership stake.

Full TCPC 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.