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SMGBY vs GBDC: Dividend Comparison 2026

SMGBY yields 32.58% · GBDC yields 11.85%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.62M in total portfolio value· pulled ahead in Year 4
10 years
SMGBY
SMGBY
● Live price
32.58%
Share price
$16.97
Annual div
$5.53
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$153.4K
Annual income
$21,793.51
Full SMGBY 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 — SMGBY vs GBDC

📍 GBDC pulled ahead of the other in Year 4

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 PeriodSMGBYGBDC
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%.
📅

Dividend Calendar Overlap

Combined, SMGBY + GBDC cover 0 of 12 monthsgood coverage

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

Tax Bracket Optimizer

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

SMGBY
Annual income on $10K today (after 15% tax)
$2,768.90/yr
After 10yr DRIP, annual income (after tax)
$18,524.48/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 $13,912,349.42/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

SMGBY: 50%GBDC: 50%
100% GBDC50/50100% SMGBY
Portfolio after 10yr
$10.46M
Annual income
$8,205,528.45/yr
Blended yield
78.41%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

SMGBY
No analyst data
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)

SMGBY buys
0
GBDC buys
0
No recent congressional trades found for SMGBY or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricSMGBYGBDC
Forward yield32.58%11.85%
Annual dividend / share$5.53$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1%
Portfolio after 10y$153.4K$20.78M
Annual income after 10y$21,793.51$16,389,263.41
Total dividends collected$107.9K$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearSMGBY PortfolioSMGBY Income/yrGBDC PortfolioGBDC Income/yrGap
1$13,958$3,257.53$12,490$1,790.28+$1.5KSMGBY
2$19,184$4,249.26$16,522$3,157.73+$2.7KSMGBY
3$25,985$5,458.28$23,578$5,898.68+$2.4KSMGBY
4← crossover$34,714$6,909.70$37,115$11,886.75$2.4KGBDC
5$45,770$8,626.87$66,136$26,423.57$20.4KGBDC
6$59,605$10,630.52$137,257$66,491.44$77.7KGBDC
7$76,715$12,938.01$341,734$194,868.54$265.0KGBDC
8$97,648$15,562.65$1,050,788$685,133.02$953.1KGBDC
9$122,996$18,513.19$4,099,314$2,974,971.01$3.98MGBDC
10$153,400$21,793.51$20,775,530$16,389,263.41$20.62MGBDC

SMGBY vs GBDC: Complete Analysis 2026

SMGBYStock

San Miguel Corporation engages in food and beverage, packaging, energy, fuel and oil, infrastructure, cement, and banking businesses worldwide. Its Food and Beverage segment is involved in feeds production; poultry and livestock farming; processing and selling poultry and meat products and refrigerated processed and canned meat products; milling, producing, and marketing of flour, flour mixes, bakery ingredients, butter, margarine, cheese, milk, ice cream, jelly-based snacks and desserts, oils, salad aids, biscuits, and condiments; importing and marketing of coffee and coffee-related products; and grain terminal handling. This segment also produces, markets, and sells fermented, malt-based, and non-alcoholic beverages; and hard liquor in the form of gin, Chinese wine, brandy, rum, and vodka. Its Packaging segment produces and markets packaging products, such as glass containers and molds, polyethylene terephthalate (PET) bottles and preforms, PET recycling, plastic and metal closures, corrugated cartons, woven polypropylene, kraft sacks and paperboards, pallets, flexible packaging, aluminum cans, woven products, industrial laminates, and radiant barriers; and plastic crates, floorings, films, trays, pails, and tubs. This segment also engages in the crate and plastic pallet leasing, PET bottle filling graphics design, packaging research and testing, packaging development and consultation, and contract packaging and trading activities. Its Energy segment generates, sells, retails, and distributes power. Its Fuel and Oil segment refines and markets petroleum products. Its Infrastructure segment constructs and develops infrastructure projects, such as toll roads, airports, railways, and bulk water. The company also develops, manages, and sells real estate properties; and manufactures and sells cement. The company was founded in 1890 and is headquartered in Mandaluyong City, the Philippines. San Miguel Corporation is a subsidiary of Top Frontier Investment Holdings, Inc.

Full SMGBY 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.