Is SPRBF or GBDC a better dividend investment in 2026?

SPRBF currently yields 5.93% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: GBDC offers higher current income.

What is the dividend yield difference between SPRBF and GBDC?

SPRBF has a forward dividend yield of 5.93% ($0.73/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 5.93 percentage points.

Home › Compare › SPRBF vs GBDC

SPRBF vs GBDC: Dividend Comparison 2026

SPRBF yields 5.93% · GBDC yields 11.86%● Live data

vsPost on X →

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

🏆 SPRBF wins by $349.20M in total portfolio value· pulled ahead in Year 6

INVESTMENT

TIME HORIZON10 years

SPRBF

● Live price

5.93%

Share price

$12.26

Annual div

$0.73

5Y div CAGR

81.5%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$370.05M

Annual income

$340,884,707.97

Full SPRBF 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 — SPRBF vs GBDC

📍 SPRBF pulled ahead of the other in Year 6

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

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

SPRBF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

SPRBF

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

$503.71/yr

After 10yr DRIP, annual income (after tax)

$289,752,001.77/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, SPRBF beats the other by $275,768,878.02/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 SPRBF + GBDC for your $10,000?

SPRBF: 50%GBDC: 50%

100% GBDC50/50100% SPRBF

Portfolio after 10yr

$195.45M

Annual income

$178,667,720.91/yr

Blended yield

91.41%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

SPRBF

Analyst Ratings

Buy

Hold

Consensus: Buy

Altman Z

0.3

Piotroski

4/9

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)

SPRBF buys

GBDC buys

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

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

MetricSPRBFGBDC

Forward yield	5.93%	11.86% ✓
Annual dividend / share	$0.73	$1.50 ✓
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	81.5% ✓	51.1%
Portfolio after 10y	$370.05M ✓	$20.85M
Annual income after 10y	$340,884,707.97 ✓	$16,450,733.83
Total dividends collected	$367.85M ✓	$20.43M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC
Analyst consensus	Buy	Buy

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

Year	SPRBF Portfolio	SPRBF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1	$11,776	$1,075.57	$12,492	$1,791.70	$716.00 → GBDC
2	$14,748	$2,148.40	$16,527	$3,160.58	$1.8K → GBDC
3	$20,345	$4,564.22	$23,588	$5,904.90	$3.2K → GBDC
4	$32,449	$10,680.04	$37,141	$11,901.65	$4.7K → GBDC
5	$63,615	$28,894.35	$66,205	$26,463.38	$2.6K → GBDC
6← crossover	$164,154	$96,086.47	$137,452	$66,612.65	+$26.7K → SPRBF
7	$596,226	$420,580.49	$342,372	$195,298.53	+$253.9K → SPRBF
8	$3,229,158	$2,591,196.20	$1,053,292	$686,954.33	+$2.18M → SPRBF
9	$27,260,395	$23,805,196.27	$4,111,439	$2,984,416.95	+$23.15M → SPRBF
10	$370,053,331	$340,884,707.97	$20,849,974	$16,450,733.83	+$349.20M → SPRBF

SPRBF vs GBDC: Complete Analysis 2026

SPRBF — Stock

SpareBank 1 Østlandet provides various financial products and services to individuals, businesses, the public sector, clubs, and societies. The company offers deposits, financing, savings, advisory, life and non-life insurance, and pension products and services. It also provides credit cards; and leasing, money-transfer, capital and investment management, debt recovery, real estate brokering and rental, factoring, trade and corporate finance, and accounting related services. It has 36 branches in Innlandet, Oslo, and Viken. The company was founded in 1845 and is headquartered in Hamar, Norway. SpareBank 1 Østlandet is a subsidiary of Sparebankstiftelsen Hedmark.

Full SPRBF 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.