Is SGPPF or GBDC a better dividend investment in 2026?

SGPPF currently yields 51.68% with a 5% 5-year dividend growth rate. GBDC yields 11.85% with 5% growth. The better choice depends on your goal: SGPPF offers higher current income.

What is the dividend yield difference between SGPPF and GBDC?

SGPPF has a forward dividend yield of 51.68% ($2.00/share annually). GBDC yields 11.85% ($1.50/share annually). The yield gap is 39.83 percentage points.

Home › Compare › SGPPF vs GBDC

SGPPF vs GBDC: Dividend Comparison 2026

SGPPF yields 51.68% · GBDC yields 11.85%● Live data

vsPost on X →

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

🏆 GBDC wins by $20.75M in total portfolio value· pulled ahead in Year 2

INVESTMENT

TIME HORIZON10 years

SGPPF

● Live price

51.68%

Share price

$3.87

Annual div

$2.00

5Y div CAGR

-50%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$29.9K

Annual income

$7.68

Full SGPPF 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 — SGPPF vs GBDC

📍 GBDC pulled ahead of the other in Year 2

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

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

SGPPF pays

GBDC pays

Both pay

Neither

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Tax Bracket Optimizer

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

SGPPF

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

$4,392.76/yr

After 10yr DRIP, annual income (after tax)

$6.53/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 $13,930,867.37/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 SGPPF + GBDC for your $10,000?

SGPPF: 50%GBDC: 50%

100% GBDC50/50100% SGPPF

Portfolio after 10yr

$10.40M

Annual income

$8,194,635.54/yr

Blended yield

78.77%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

SGPPF

No analyst data

Altman Z

6.8

Piotroski

5/9

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)

SGPPF buys

GBDC buys

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

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

MetricSGPPFGBDC

Forward yield	51.68% ✓	11.85%
Annual dividend / share	$2.00 ✓	$1.50
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	-50%	51.1% ✓
Portfolio after 10y	$29.9K ✓	$20.78M
Annual income after 10y	$7.68	$16,389,263.41 ✓
Total dividends collected	$6.0K	$20.36M ✓
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	SGPPF Portfolio	SGPPF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1	$13,284	$2,583.98	$12,490	$1,790.28	+$794.00 → SGPPF
2← crossover	$15,818	$1,604.00	$16,522	$3,157.73	$704.00 → GBDC
3	$17,818	$892.50	$23,578	$5,898.68	$5.8K → GBDC
4	$19,535	$469.78	$37,115	$11,886.75	$17.6K → GBDC
5	$21,143	$240.68	$66,136	$26,423.57	$45.0K → GBDC
6	$22,744	$121.73	$137,257	$66,491.44	$114.5K → GBDC
7	$24,398	$61.19	$341,734	$194,868.54	$317.3K → GBDC
8	$26,136	$30.67	$1,050,788	$685,133.02	$1.02M → GBDC
9	$27,981	$15.35	$4,099,314	$2,974,971.01	$4.07M → GBDC
10	$29,948	$7.68	$20,775,530	$16,389,263.41	$20.75M → GBDC

SGPPF vs GBDC: Complete Analysis 2026

SGPPF — Stock

The SPAR Group Ltd engages in the wholesale and distribution of goods and services to SPAR grocery stores and various other branded group retail outlets in Southern Africa, Ireland, Switzerland, and Poland. The company offers fresh produce, in-store bakery, butchery, deli, ready-to-eat meals, home-meal replacements, groceries, general merchandise, baked foods, liquor products, Building and hardware products, dispensary and health-related products, confectionery, health and beauty, frozen foods, catering products, wines, and non-food items. It operates 4,357 stores. The SPAR Group Ltd was founded in 1932 and is headquartered in Pinetown, South Africa.

Full SGPPF 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.