Is SMSZF or GBDC a better dividend investment in 2026?

SMSZF currently yields 2.22% with a 5% 5-year dividend growth rate. GBDC yields 11.85% with 5% growth. The better choice depends on your goal: GBDC offers higher current income.

What is the dividend yield difference between SMSZF and GBDC?

SMSZF has a forward dividend yield of 2.22% ($0.19/share annually). GBDC yields 11.85% ($1.50/share annually). The yield gap is 9.63 percentage points.

Home › Compare › SMSZF vs GBDC

SMSZF vs GBDC: Dividend Comparison 2026

SMSZF yields 2.22% · GBDC yields 11.85%● Live data

vsPost on X →

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

🏆 SMSZF wins by $80.77M in total portfolio value· pulled ahead in Year 9

INVESTMENT

TIME HORIZON10 years

SMSZF

● Live price

2.22%

Share price

$8.56

Annual div

$0.19

5Y div CAGR

100%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$101.54M

Annual income

$93,456,956.78

Full SMSZF 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 — SMSZF vs GBDC

📍 SMSZF pulled ahead of the other in Year 9

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 Period	SMSZF	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, SMSZF + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

SMSZF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

SMSZF

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

$188.77/yr

After 10yr DRIP, annual income (after tax)

$79,438,413.26/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, SMSZF beats the other by $65,507,539.36/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 SMSZF + GBDC for your $10,000?

SMSZF: 50%GBDC: 50%

100% GBDC50/50100% SMSZF

Portfolio after 10yr

$61.16M

Annual income

$54,923,110.09/yr

Blended yield

89.80%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

SMSZF

Analyst Ratings

Hold

Consensus: Hold

Altman Z

4.6

Piotroski

6/9

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)

SMSZF buys

GBDC buys

Politician	Chamber	Ticker	Type	Amount	Date
David P. Joyce	🏢 House	$GBDC	▼ Sell	$1,001 - $15,000	2023-06-30
David P. Joyce	🏢 House	$GBDC	▼ Sell	$15,001 - $50,000	2023-06-19
David P. Joyce	🏢 House	$GBDC	▼ Sell	$15,001 - $50,000	2022-07-14
David P. Joyce	🏢 House	$GBDC	▼ Sell	$15,001 - $50,000	2022-07-12
Teresa Leger Fernandez	🏢 House	$GBDC	▼ Sell	$15,001 - $50,000	2021-01-20
David P. Joyce	🏢 House	$GBDC	▲ Buy	$1,001 - $15,000	2020-02-25
David P. Joyce	🏢 House	$GBDC	▲ Buy	$15,001 - $50,000	2019-05-30

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

MetricSMSZFGBDC

Forward yield	2.22%	11.85% ✓
Annual dividend / share	$0.19	$1.50 ✓
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	100% ✓	51.1%
Portfolio after 10y	$101.54M ✓	$20.78M
Annual income after 10y	$93,456,956.78 ✓	$16,389,263.41
Total dividends collected	$100.91M ✓	$20.36M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC
Analyst consensus	Hold	Buy

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

Year	SMSZF Portfolio	SMSZF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1	$11,144	$444.16	$12,490	$1,790.28	$1.3K → GBDC
2	$12,849	$925.19	$16,522	$3,157.73	$3.7K → GBDC
3	$15,743	$1,993.95	$23,578	$5,898.68	$7.8K → GBDC
4	$21,411	$4,566.26	$37,115	$11,886.75	$15.7K → GBDC
5	$34,518	$11,608.14	$66,136	$26,423.57	$31.6K → GBDC
6	$71,914	$34,979.65	$137,257	$66,491.44	$65.3K → GBDC
7	$213,164	$136,216.20	$341,734	$194,868.54	$128.6K → GBDC
8	$982,788	$754,702.80	$1,050,788	$685,133.02	$68.0K → GBDC
9← crossover	$7,555,398	$6,503,814.04	$4,099,314	$2,974,971.01	+$3.46M → SMSZF
10	$101,541,232	$93,456,956.78	$20,775,530	$16,389,263.41	+$80.77M → SMSZF

SMSZF vs GBDC: Complete Analysis 2026

SMSZF — Stock

SMS Co., Ltd. provides information infrastructure for the nursing care, medical care, career, healthcare, and elderly care field business areas in Japan and internationally. It operates an online community site for professionals or families engaged in nursing care; a certification course information portal; and a housing information portal for seniors, as well as a home-delivered meal search site. The company also operates various sites that provide online community, mail order, and magazines/book services for nurses; services for pharmacists and pharmacies; hospital management and administrator services; and consulting services for national and local governments. In addition, it provides recruiting agent services, as well as recruiting ads services for professionals and operators in nursing and medical care fields. Further, the company offers medical-related services. SMS Co., Ltd. was incorporated in 2003 and is based in Tokyo, Japan.

Full SMSZF 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.