Is SNBIF or GBDC a better dividend investment in 2026?

SNBIF currently yields 12.16% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: SNBIF offers higher current income.

What is the dividend yield difference between SNBIF and GBDC?

SNBIF has a forward dividend yield of 12.16% ($2.00/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 0.30 percentage points.

Home › Compare › SNBIF vs GBDC

SNBIF vs GBDC: Dividend Comparison 2026

SNBIF yields 12.16% · GBDC yields 11.86%● Live data

vsPost on X →

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

🏆 GBDC wins by $20.81M in total portfolio value

INVESTMENT

TIME HORIZON10 years

SNBIF

● Live price

12.16%

Share price

$16.45

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$44.6K

Annual income

$2,595.30

Full SNBIF calculator →

GBDC

● Live price

11.86%

Share price

$12.65

Annual div

$1.50

5Y div CAGR

51.1%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$20.85M

Annual income

$16,450,733.83

Full GBDC calculator →

Portfolio growth — SNBIF vs GBDC

📍 GBDC 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	SNBIF	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, SNBIF + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

SNBIF 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.

SNBIF

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

$1,033.43/yr

After 10yr DRIP, annual income (after tax)

$2,206.01/yr

GBDC

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

$1,007.91/yr

After 10yr DRIP, annual income (after tax)

$13,983,123.76/yr

At 15% tax rate, GBDC beats the other by $13,980,917.75/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

SNBIF: 50%GBDC: 50%

100% GBDC50/50100% SNBIF

Portfolio after 10yr

$10.45M

Annual income

$8,226,664.57/yr

Blended yield

78.74%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

SNBIF

Analyst Ratings

Sell

Consensus: Sell

Altman Z

60.9

Piotroski

2/9

GBDC

Analyst Ratings

Buy

Hold

Consensus: Buy

Price Target

$14.00

+10.7% 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)

SNBIF buys

GBDC buys

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

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

MetricSNBIFGBDC

Forward yield	12.16% ✓	11.86%
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	$44.6K ✓	$20.85M
Annual income after 10y	$2,595.30	$16,450,733.83 ✓
Total dividends collected	$18.9K	$20.43M ✓
Payment frequency	quarterly	quarterly
Sector	Stock	BDC
Analyst consensus	Sell	Buy

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

Year	SNBIF Portfolio	SNBIF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$11,916	$1,215.81	$12,492	$1,791.70	$576.00 → GBDC
2	$14,104	$1,353.95	$16,527	$3,160.58	$2.4K → GBDC
3	$16,589	$1,497.73	$23,588	$5,904.90	$7.0K → GBDC
4	$19,396	$1,646.38	$37,141	$11,901.65	$17.7K → GBDC
5	$22,553	$1,799.08	$66,205	$26,463.38	$43.7K → GBDC
6	$26,087	$1,955.04	$137,452	$66,612.65	$111.4K → GBDC
7	$30,027	$2,113.43	$342,372	$195,298.53	$312.3K → GBDC
8	$34,402	$2,273.44	$1,053,292	$686,954.33	$1.02M → GBDC
9	$39,244	$2,434.31	$4,111,439	$2,984,416.95	$4.07M → GBDC
10	$44,587	$2,595.30	$20,849,974	$16,450,733.83	$20.81M → GBDC

SNBIF vs GBDC: Complete Analysis 2026

SNBIF — Stock

SanBio Company Limited develops, produces, and sells regenerative cell medicines for the central nervous system. The company develops SB623 that has completed a phase 2 clinical trial to treat traumatic brain injury in the United States and Japan. Its research pipeline products also comprise SB623 for ischemic and hemorrhagic strokes, age-related macular degeneration, retinitis pigments, spinal cord injury, Parkinson's disease, Alzheimer's disease, and others; SB618 for peripheral nerve damage; SB308 for muscular dystrophy disease; MSC1 for cancer; and MSC2 for inflammatory disease and optic neuritis. The company was founded in 2001 and is headquartered in Tokyo, Japan.

Full SNBIF 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.