Is SAPLF or GBDC a better dividend investment in 2026?

SAPLF currently yields 4.50% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: GBDC offers higher current income.

What is the dividend yield difference between SAPLF and GBDC?

SAPLF has a forward dividend yield of 4.50% ($0.05/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 7.36 percentage points.

Home › Compare › SAPLF vs GBDC

SAPLF vs GBDC: Dividend Comparison 2026

SAPLF yields 4.50% · GBDC yields 11.86%● Live data

vsPost on X →

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

🏆 SAPLF wins by $3405.00M in total portfolio value· pulled ahead in Year 5

INVESTMENT

TIME HORIZON10 years

SAPLF

● Live price

4.50%

Share price

$1.18

Annual div

$0.05

5Y div CAGR

100%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$3425.85M

Annual income

$3,285,634,213.20

Full SAPLF 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 — SAPLF vs GBDC

📍 SAPLF pulled ahead of the other in Year 5

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

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

SAPLF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

SAPLF

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

$382.64/yr

After 10yr DRIP, annual income (after tax)

$2,792,789,081.22/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, SAPLF beats the other by $2,778,805,957.46/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

SAPLF: 50%GBDC: 50%

100% GBDC50/50100% SAPLF

Portfolio after 10yr

$1723.35M

Annual income

$1,651,042,473.52/yr

Blended yield

95.80%

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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

SAPLF

No analyst data

Altman Z

6.4

Piotroski

6/9

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)

SAPLF buys

GBDC buys

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

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

MetricSAPLFGBDC

Forward yield	4.50%	11.86% ✓
Annual dividend / share	$0.05	$1.50 ✓
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	100% ✓	51.1%
Portfolio after 10y	$3425.85M ✓	$20.85M
Annual income after 10y	$3,285,634,213.20 ✓	$16,450,733.83
Total dividends collected	$3415.93M ✓	$20.43M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	SAPLF Portfolio	SAPLF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1	$11,600	$900.34	$12,492	$1,791.70	$892.00 → GBDC
2	$14,365	$1,952.19	$16,527	$3,160.58	$2.2K → GBDC
3	$19,889	$4,518.46	$23,588	$5,904.90	$3.7K → GBDC
4	$32,974	$11,693.56	$37,141	$11,901.65	$4.2K → GBDC
5← crossover	$71,521	$36,238.13	$66,205	$26,463.38	+$5.3K → SAPLF
6	$223,443	$146,915.57	$137,452	$66,612.65	+$86.0K → SAPLF
7	$1,097,008	$857,924.04	$342,372	$195,298.53	+$754.6K → SAPLF
8	$9,046,770	$7,872,971.61	$1,053,292	$686,954.33	+$7.99M → SAPLF
9	$131,038,148	$121,358,104.80	$4,111,439	$2,984,416.95	+$126.93M → SAPLF
10	$3,425,845,032	$3,285,634,213.20	$20,849,974	$16,450,733.83	+$3405.00M → SAPLF

SAPLF vs GBDC: Complete Analysis 2026

SAPLF — Stock

Sylvania Platinum Limited primarily engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa and Mauritius. The company produces PGMs, including platinum, palladium, and rhodium. It holds interests in the Sylvania dump operations that comprise six chrome beneficiation and PGM processing plants located in the Eastern and Western Limb of the Bushveld Igneous Complex; and various mineral asset development projects, including Volspruit and Northern Limb projects located on the Northern Limb of the Bushveld Igneous Complex located in South Africa. The company was incorporated in 2010 and is based in Hamilton, Bermuda.

Full SAPLF 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.