HomeCompareSPMMF vs GBDC

SPMMF vs GBDC: Dividend Comparison 2026

SPMMF yields 224.72% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 SPMMF wins by $217.33M in total portfolio value
10 years
SPMMF
SPMMF
● Live price
224.72%
Share price
$0.89
Annual div
$2.00
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$238.18M
Annual income
$127,003,484.00
Full SPMMF calculator →
GBDC
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 — SPMMF vs GBDC

📍 SPMMF 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 PeriodSPMMFGBDC
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, SPMMF + GBDC cover 0 of 12 monthsgood coverage

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

Tax Bracket Optimizer

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

SPMMF
Annual income on $10K today (after 15% tax)
$19,101.12/yr
After 10yr DRIP, annual income (after tax)
$107,952,961.40/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, SPMMF beats the other by $93,969,837.64/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

SPMMF: 50%GBDC: 50%
100% GBDC50/50100% SPMMF
Portfolio after 10yr
$129.52M
Annual income
$71,727,108.92/yr
Blended yield
55.38%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

SPMMF
No analyst data
Altman Z
0.4
Piotroski
4/9
GBDC
Analyst Ratings
6
Buy
5
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)

SPMMF buys
0
GBDC buys
0
No recent congressional trades found for SPMMF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricSPMMFGBDC
Forward yield224.72%11.86%
Annual dividend / share$2.00$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1%
Portfolio after 10y$238.18M$20.85M
Annual income after 10y$127,003,484.00$16,450,733.83
Total dividends collected$225.84M$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearSPMMF PortfolioSPMMF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$33,172$22,471.91$12,492$1,791.70+$20.7KSPMMF
2$105,161$69,666.93$16,527$3,160.58+$88.6KSPMMF
3$318,930$206,408.05$23,588$5,904.90+$295.3KSPMMF
4$926,294$585,038.28$37,141$11,901.65+$889.2KSPMMF
5$2,579,145$1,588,011.10$66,205$26,463.38+$2.51MSPMMF
6$6,892,034$4,132,348.11$137,452$66,612.65+$6.75MSPMMF
7$17,694,595$10,320,118.96$342,372$195,298.53+$17.35MSPMMF
8$43,695,698$24,762,481.71$1,053,292$686,954.33+$42.64MSPMMF
9$103,903,373$57,148,975.66$4,111,439$2,984,416.95+$99.79MSPMMF
10$238,180,093$127,003,484.00$20,849,974$16,450,733.83+$217.33MSPMMF

SPMMF vs GBDC: Complete Analysis 2026

SPMMFStock

Space-Communication Ltd. provides satellite communication services worldwide. The company offers on-the-move connectivity solutions; satellite broadband services, including high-speed two-way internet, broadband internet access, B2B and B2C, point-to-multipoint streaming, congestion-free IP trunking, and on-demand services; and satellite broadcasting services, such as DTH and TV/audio origination and distribution, redundancy and backup, encryption, satellite news gathering, video signals packaging and up-linking, TV channels retransmission, and satellite TV programs broadcasting services. It also provides hybrid cellular-satellite internet solutions; cross-region connectivity services; and satellite teleport services. In addition, the company offers corporate and government network solutions comprising local area network interconnection, VSAT network, satellite VPN, and data transmission services, as well as delivery of video, voice, and data to remote locations, including videoconference, telephony, fax transmissions, etc. Further, it provides point of sale applications, such as ATM and inventory reports; and internet applications. The company was founded in 1989 and is based in Ramat Gan, Israel. Space-Communication Ltd. is a subsidiary of Eurocom Holdings (1979) Ltd.

Full SPMMF 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 →
📬

Get this SPMMF vs GBDC comparison by email

Save your analysis + weekly dividend insights. Free forever.

More comparisons

SPMMF vs SCHDSPMMF vs JEPISPMMF vs OSPMMF vs KOSPMMF vs MAIN

⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.