Is SPCNF or GBDC a better dividend investment in 2026?

SPCNF currently yields 4761.90% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: SPCNF offers higher current income.

What is the dividend yield difference between SPCNF and GBDC?

SPCNF has a forward dividend yield of 4761.90% ($2.00/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 4750.04 percentage points.

Home › Compare › SPCNF vs GBDC

SPCNF vs GBDC: Dividend Comparison 2026

SPCNF yields 4761.90% · GBDC yields 11.86%● Live data

vsPost on X →

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

🏆 SPCNF wins by $38747342250299.20M in total portfolio value

INVESTMENT

TIME HORIZON10 years

SPCNF

● Live price

4761.90%

Share price

$0.04

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$38747342250320.05M

Annual income

$37,210,182,950,502,500,000.00

Full SPCNF 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 — SPCNF vs GBDC

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

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

SPCNF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

SPCNF

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

$404,761.90/yr

After 10yr DRIP, annual income (after tax)

$31,628,655,507,927,120,000.00/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, SPCNF beats the other by $31,628,655,507,913,140,000.00/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

SPCNF: 50%GBDC: 50%

100% GBDC50/50100% SPCNF

Portfolio after 10yr

$19373671125170.45M

Annual income

$18,605,091,475,259,474,000.00/yr

Blended yield

96.03%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

SPCNF

No analyst data

Altman Z

19.7

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.

🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

SPCNF buys

GBDC buys

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

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

MetricSPCNFGBDC

Forward yield	4761.90% ✓	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	$38747342250320.05M ✓	$20.85M
Annual income after 10y	$37,210,182,950,502,500,000.00 ✓	$16,450,733.83
Total dividends collected	$38643169569237.57M ✓	$20.43M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	SPCNF Portfolio	SPCNF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$486,890	$476,190.48	$12,492	$1,791.70	+$474.4K → SPCNF
2	$22,189,441	$21,668,468.01	$16,527	$3,160.58	+$22.17M → SPCNF
3	$946,653,034	$922,910,331.94	$23,588	$5,904.90	+$946.63M → SPCNF
4	$37,810,578,817	$36,797,660,071.11	$37,141	$11,901.65	+$37810.54M → SPCNF
5	$1,414,053,011,920	$1,373,595,692,585.52	$66,205	$26,463.38	+$1414052.95M → SPCNF
6	$49,522,572,653,995	$48,009,535,931,241.25	$137,452	$66,612.65	+$49522572.52M → SPCNF
7	$1,624,369,209,472,066	$1,571,380,056,732,291.00	$342,372	$195,298.53	+$1624369209.13M → SPCNF
8	$49,908,337,240,992,536	$48,170,262,186,857,420.00	$1,053,292	$686,954.33	+$49908337239.94M → SPCNF
9	$1,436,597,476,465,005,300	$1,383,195,555,617,143,300.00	$4,111,439	$2,984,416.95	+$1436597476460.89M → SPCNF
10	$38,747,342,250,320,050,000	$37,210,182,950,502,500,000.00	$20,849,974	$16,450,733.83	+$38747342250299.20M → SPCNF

SPCNF vs GBDC: Complete Analysis 2026

SPCNF — Stock

SPC Nickel Corp. engages in the acquisition, exploration and development of mineral properties in Canada. It primarily explores for nickel, copper, and platinum group metals. The company holds interest in the Aer-Kidd property located on the Worthington Offset Dyke in the Sudbury mining district; and the Lockerby East and West Graham exploration properties located in the Sudbury district. It also holds an option agreement to acquire a 100% interest in the Janes property situated in northeast Sudbury. The company was formerly known as Sudbury Platinum Corporation and changed its name to SPC Nickel Corp. in December 2020. SPC Nickel Corp. was incorporated in 2013 and is based in Toronto, Canada.

Full SPCNF 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.