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SCHN vs GBDC: Dividend Comparison 2026

SCHN yields 2.26% · GBDC yields 11.86%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.83M in total portfolio value
10 years
SCHN
SCHN
● Live price
2.26%
Share price
$33.20
Annual div
$0.75
5Y div CAGR
1.4%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$23.3K
Annual income
$303.28
Full SCHN 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 — SCHN 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 PeriodSCHNGBDC
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, SCHN + GBDC cover 0 of 12 monthsgood coverage

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

Tax Bracket Optimizer

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

SCHN
Annual income on $10K today (after 15% tax)
$192.02/yr
After 10yr DRIP, annual income (after tax)
$257.79/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, GBDC beats the other by $13,982,865.97/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 SCHN + GBDC for your $10,000?

SCHN: 50%GBDC: 50%
100% GBDC50/50100% SCHN
Portfolio after 10yr
$10.44M
Annual income
$8,225,518.56/yr
Blended yield
78.81%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

SCHN
Analyst Ratings
6
Buy
9
Hold
2
Sell
Consensus: Hold
Altman Z
3.1
Piotroski
2/9
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.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

SCHN buys
0
GBDC buys
0
No recent congressional trades found for SCHN or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricSCHNGBDC
Forward yield2.26%11.86%
Annual dividend / share$0.75$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR1.4%51.1%
Portfolio after 10y$23.3K$20.85M
Annual income after 10y$303.28$16,450,733.83
Total dividends collected$2.7K$20.43M
Payment frequencyquarterlyquarterly
SectorMaterialsBDC
Analyst consensusHoldBuy

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

YearSCHN PortfolioSCHN Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$10,929$229.07$12,492$1,791.70$1.6KGBDC
2$11,931$237.25$16,527$3,160.58$4.6KGBDC
3$13,012$245.45$23,588$5,904.90$10.6KGBDC
4$14,176$253.67$37,141$11,901.65$23.0KGBDC
5$15,431$261.91$66,205$26,463.38$50.8KGBDC
6$16,781$270.16$137,452$66,612.65$120.7KGBDC
7$18,234$278.42$342,372$195,298.53$324.1KGBDC
8$19,797$286.70$1,053,292$686,954.33$1.03MGBDC
9$21,478$294.98$4,111,439$2,984,416.95$4.09MGBDC
10$23,285$303.28$20,849,974$16,450,733.83$20.83MGBDC

SCHN vs GBDC: Complete Analysis 2026

SCHNMaterials

Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys. The company also procures salvaged vehicles and sells serviceable used auto parts from these vehicles through its 50 self-service auto parts stores in the United States and Western Canada, as well as sells auto bodies. In addition, it produces various finished steel products using ferrous recycled metal and other raw materials, as well as semi-finished goods, which include billets; and finished goods consisting of rebar, coiled rebar, wire rods, merchant bars, and other specialty products. Further, the company sells catalytic converters to specialty processors that extract the nonferrous precious metals, including platinum, palladium, and rhodium; ferrous and nonferrous recycled metal products to steel mills, foundries, refineries, smelters, wholesalers, and recycled metal processors; and finished steel customers are primarily steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and major farm and wood products suppliers. Schnitzer Steel Industries, Inc. was founded in 1906 and is headquartered in Portland, Oregon.

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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.