HomeCompareSHLX vs GBDC

SHLX vs GBDC: Dividend Comparison 2026

SHLX yields 60.75% · GBDC yields 11.85%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.74M in total portfolio value· pulled ahead in Year 3
10 years
SHLX
SHLX
● Live price
60.75%
Share price
$15.82
Annual div
$9.61
5Y div CAGR
-50%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$32.1K
Annual income
$9.66
Full SHLX calculator →
GBDC
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 — SHLX vs GBDC

📍 GBDC pulled ahead of the other in Year 3

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 PeriodSHLXGBDC
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, SHLX + GBDC cover 0 of 12 monthsgood coverage

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

Tax Bracket Optimizer

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

SHLX
Annual income on $10K today (after 15% tax)
$5,163.96/yr
After 10yr DRIP, annual income (after tax)
$8.21/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 $13,930,865.69/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

SHLX: 50%GBDC: 50%
100% GBDC50/50100% SHLX
Portfolio after 10yr
$10.40M
Annual income
$8,194,636.53/yr
Blended yield
78.77%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

SHLX
Analyst Ratings
4
Buy
7
Hold
4
Sell
Consensus: Hold
Price Target
$16.00
+1.1% upside vs current
Range: $16.00 — $16.00
GBDC
Analyst Ratings
6
Buy
5
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)

SHLX buys
16
GBDC buys
0
PoliticianChamberTickerTypeAmountDate
Mark Dr Green🏢 House$SHLX▼ Sell$500,001 - $1,000,0002021-12-22
Mark Dr Green🏢 House$SHLX▼ Sell$100,001 - $250,0002021-12-21
Mark Dr Green🏢 House$SHLX▲ Buy$100,001 - $250,0002021-10-15
Mark Dr Green🏢 House$SHLX▲ Buy$100,001 - $250,0002021-10-06
Mark Dr Green🏢 House$SHLX▲ Buy$50,001 - $100,0002021-09-24
Mark Dr Green🏢 House$SHLX▲ Buy$50,001 - $100,0002021-09-23
Mark Dr Green🏢 House$SHLX▲ Buy$100,001 - $250,0002021-09-14
Mark Dr Green🏢 House$SHLX▲ Buy$250,001 - $500,0002021-09-02
Mark Dr Green🏢 House$SHLX▼ Sell$1,000,001 - $5,000,0002021-08-19
Mark Dr Green🏢 House$SHLX▲ Buy$15,001 - $50,0002021-08-18
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricSHLXGBDC
Forward yield60.75%11.85%
Annual dividend / share$9.61$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR-50%51.1%
Portfolio after 10y$32.1K$20.78M
Annual income after 10y$9.66$16,389,263.41
Total dividends collected$7.3K$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusHoldBuy
Analyst price target$16.00$14.00

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

YearSHLX PortfolioSHLX Income/yrGBDC PortfolioGBDC Income/yrGap
1$13,738$3,037.63$12,490$1,790.28+$1.2KSHLX
2$16,649$1,949.99$16,522$3,157.73+$127.00SHLX
3← crossover$18,919$1,104.34$23,578$5,898.68$4.7KGBDC
4$20,830$586.40$37,115$11,886.75$16.3KGBDC
5$22,590$301.69$66,136$26,423.57$43.5KGBDC
6$24,324$152.89$137,257$66,491.44$112.9KGBDC
7$26,103$76.93$341,734$194,868.54$315.6KGBDC
8$27,969$38.58$1,050,788$685,133.02$1.02MGBDC
9$29,946$19.32$4,099,314$2,974,971.01$4.07MGBDC
10$32,052$9.66$20,775,530$16,389,263.41$20.74MGBDC

SHLX vs GBDC: Complete Analysis 2026

SHLXStock

Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream, and logistics assets in the United States. It owns interests in crude oil and refined products pipelines and terminals to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets. The company stores and transports crude oil, refined, natural gas, and refinery gas products for various customers, including producers, refiners, marketers, and traders, as well as to other crude oil and refined products pipelines through its pipelines and storage tanks. Shell Midstream Partners GP LLC serves as the general partner of Shell Midstream Partners, L.P. The company was incorporated in 2014 and is headquartered in Houston, Texas. Shell Midstream Partners, L.P. is a subsidiary of Shell Pipeline Company LP.

Full SHLX Calculator →

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.