Is SMPEF or GBDC a better dividend investment in 2026?

SMPEF currently yields 2844.95% with a 5% 5-year dividend growth rate. GBDC yields 11.85% with 5% growth. The better choice depends on your goal: SMPEF offers higher current income.

What is the dividend yield difference between SMPEF and GBDC?

SMPEF has a forward dividend yield of 2844.95% ($2.00/share annually). GBDC yields 11.85% ($1.50/share annually). The yield gap is 2833.10 percentage points.

Home › Compare › SMPEF vs GBDC

SMPEF vs GBDC: Dividend Comparison 2026

SMPEF yields 2844.95% · GBDC yields 11.85%● Live data

vsPost on X →

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

🏆 SMPEF wins by $274339726758.14M in total portfolio value

INVESTMENT

TIME HORIZON10 years

SMPEF

● Live price

2844.95%

Share price

$0.07

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$274339726778.92M

Annual income

$256,597,217,201,022,270.00

Full SMPEF 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 — SMPEF vs GBDC

📍 SMPEF pulled ahead of the other in Year 1

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

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

SMPEF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

SMPEF

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

$241,820.77/yr

After 10yr DRIP, annual income (after tax)

$218,107,634,620,868,930.00/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, SMPEF beats the other by $218,107,634,606,938,050.00/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

SMPEF: 50%GBDC: 50%

100% GBDC50/50100% SMPEF

Portfolio after 10yr

$137169863399.85M

Annual income

$128,298,608,608,705,760.00/yr

Blended yield

93.53%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

SMPEF

No analyst data

Altman Z

-21.1

Piotroski

2/9

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.

🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

SMPEF buys

GBDC buys

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

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

MetricSMPEFGBDC

Forward yield	2844.95% ✓	11.85%
Annual dividend / share	$2.00 ✓	$1.50
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	0%	51.1% ✓
Portfolio after 10y	$274339726778.92M ✓	$20.78M
Annual income after 10y	$256,597,217,201,022,270.00 ✓	$16,389,263.41
Total dividends collected	$273109467375.37M ✓	$20.36M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	SMPEF Portfolio	SMPEF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$295,195	$284,495.02	$12,490	$1,790.28	+$282.7K → SMPEF
2	$8,164,598	$7,848,739.62	$16,522	$3,157.73	+$8.15M → SMPEF
3	$211,617,382	$202,881,261.64	$23,578	$5,898.68	+$211.59M → SMPEF
4	$5,140,877,810	$4,914,447,211.39	$37,115	$11,886.75	+$5140.84M → SMPEF
5	$117,078,294,503	$111,577,555,246.33	$66,136	$26,423.57	+$117078.23M → SMPEF
6	$2,500,101,823,429	$2,374,828,048,310.65	$137,257	$66,491.44	+$2500101.69M → SMPEF
7	$50,069,800,524,078	$47,394,691,573,009.04	$341,734	$194,868.54	+$50069800.18M → SMPEF
8	$940,657,342,395,257	$887,082,655,834,493.20	$1,050,788	$685,133.02	+$940657341.34M → SMPEF
9	$16,581,784,652,237,514	$15,575,281,295,874,588.00	$4,099,314	$2,974,971.01	+$16581784648.14M → SMPEF
10	$274,339,726,778,916,400	$256,597,217,201,022,270.00	$20,775,530	$16,389,263.41	+$274339726758.14M → SMPEF

SMPEF vs GBDC: Complete Analysis 2026

SMPEF — Stock

Southern Empire Resources Corp. engages in the acquisition, exploration, and development of metal and mineral resources in North America. The company has an option to acquire 100% interest in the Oro Cruz Property covering an area of 2,160 hectares located in the Cargo Muchacho mountains of Imperial County, southeast California; and option to acquire 100% interest in Pedro Gold Project covering an area of 1,750 hectares located in Durango State, Mexico. It also owns an 85% interest in the Eastgate Gold project comprising 101 unpatented lode mining claims covering an area of 817 hectares located in Churchill County, Nevada. The company was formerly known as Owl Capital Corp. and changed its name to Southern Empire Resources Corp. in March 2018. Southern Empire Resources Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada.

Full SMPEF 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.