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SMAL vs GBDC: Dividend Comparison 2026

SMAL yields 2.43% · GBDC yields 11.85%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 SMAL wins by $132.17M in total portfolio value· pulled ahead in Year 8
10 years
SMAL
SMAL
● Live price
2.43%
Share price
$58.00
Annual div
$1.41
5Y div CAGR
100%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$152.95M
Annual income
$141,745,669.47
Full SMAL 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 — SMAL vs GBDC

📍 SMAL pulled ahead of the other in Year 8

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 PeriodSMALGBDC
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, SMAL + GBDC cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
SMAL 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.

SMAL
Annual income on $10K today (after 15% tax)
$206.64/yr
After 10yr DRIP, annual income (after tax)
$120,483,819.05/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, SMAL beats the other by $106,552,945.15/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 SMAL + GBDC for your $10,000?

SMAL: 50%GBDC: 50%
100% GBDC50/50100% SMAL
Portfolio after 10yr
$86.86M
Annual income
$79,067,466.44/yr
Blended yield
91.03%
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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

SMAL
No analyst data
Altman Z
-0.3
Piotroski
7/9
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.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

SMAL buys
0
GBDC buys
0
No recent congressional trades found for SMAL or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricSMALGBDC
Forward yield2.43%11.85%
Annual dividend / share$1.41$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR100%51.1%
Portfolio after 10y$152.95M$20.78M
Annual income after 10y$141,745,669.47$16,389,263.41
Total dividends collected$152.08M$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearSMAL PortfolioSMAL Income/yrGBDC PortfolioGBDC Income/yrGap
1$11,186$486.21$12,490$1,790.28$1.3KGBDC
2$12,986$1,016.60$16,522$3,157.73$3.5KGBDC
3$16,101$2,205.89$23,578$5,898.68$7.5KGBDC
4$22,340$5,112.17$37,115$11,886.75$14.8KGBDC
5$37,162$13,258.32$66,136$26,423.57$29.0KGBDC
6$80,988$41,224.20$137,257$66,491.44$56.3KGBDC
7$254,582$167,925.67$341,734$194,868.54$87.2KGBDC
8← crossover$1,259,076$986,672.62$1,050,788$685,133.02+$208.3KSMAL
9$10,468,217$9,121,006.02$4,099,314$2,974,971.01+$6.37MSMAL
10$152,946,662$141,745,669.47$20,775,530$16,389,263.41+$132.17MSMAL

SMAL vs GBDC: Complete Analysis 2026

SMALStock

Summit Bancshares, Inc., through its subsidiary, Summit Bank, provides commercial credit and other banking services in California. It offers checking and savings accounts, and certificates of deposit. The company also provides commercial real estate, land development and construction, and commercial and consumer loans, as well as letters of credit. The company offers its products and services through three branches to small and mid-sized businesses and professionals, including professional firms of physicians, attorneys, accountants, real estate developers, retailers, service firms, wholesalers, and distributors, as well as individuals. Summit Bancshares, Inc. was founded in 1982 and is based in Oakland, California.

Full SMAL 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.