Is TCEHY or GBDC a better dividend investment in 2026?

TCEHY currently yields 0.91% 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 TCEHY and GBDC?

TCEHY has a forward dividend yield of 0.91% ($0.57/share annually). GBDC yields 11.85% ($1.50/share annually). The yield gap is 10.94 percentage points.

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TCEHY vs GBDC: Dividend Comparison 2026

TCEHY yields 0.91% · GBDC yields 11.85%● Live data

vsPost on X →

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

🏆 GBDC wins by $17.40M in total portfolio value

INVESTMENT

TIME HORIZON10 years

TCEHY

● Live price

0.91%

Share price

$62.84

Annual div

$0.57

5Y div CAGR

100%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$3.37M

Annual income

$2,784,274.79

Full TCEHY 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 — TCEHY vs GBDC

📍 GBDC pulled ahead of the other in Year 1

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

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

TCEHY 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.

TCEHY

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

$77.45/yr

After 10yr DRIP, annual income (after tax)

$2,366,633.57/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, GBDC beats the other by $11,564,240.33/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 TCEHY + GBDC for your $10,000?

TCEHY: 50%GBDC: 50%

100% GBDC50/50100% TCEHY

Portfolio after 10yr

$12.07M

Annual income

$9,586,769.09/yr

Blended yield

79.40%

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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

TCEHY

Analyst Ratings

Buy

Consensus: Buy

Price Target

$102.00

+62.3% upside vs current

Range: $102.00 — $102.00

Altman Z

4.5

Piotroski

7/9

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)

TCEHY 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 →

MetricTCEHYGBDC

Forward yield	0.91%	11.85% ✓
Annual dividend / share	$0.57	$1.50 ✓
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	100% ✓	51.1%
Portfolio after 10y	$3.37M	$20.78M ✓
Annual income after 10y	$2,784,274.79	$16,389,263.41 ✓
Total dividends collected	$3.30M	$20.36M ✓
Payment frequency	quarterly	quarterly
Sector	Stock	BDC
Analyst consensus	Buy	Buy
Analyst price target	$102.00 ✓	$14.00

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

Year	TCEHY Portfolio	TCEHY Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$10,882	$182.24	$12,490	$1,790.28	$1.6K → GBDC
2	$12,015	$370.70	$16,522	$3,157.73	$4.5K → GBDC
3	$13,621	$764.99	$23,578	$5,898.68	$10.0K → GBDC
4	$16,195	$1,621.03	$37,115	$11,886.75	$20.9K → GBDC
5	$20,932	$3,602.67	$66,136	$26,423.57	$45.2K → GBDC
6	$31,100	$8,703.32	$137,257	$66,491.44	$106.2K → GBDC
7	$57,448	$24,170.81	$341,734	$194,868.54	$284.3K → GBDC
8	$144,924	$83,454.59	$1,050,788	$685,133.02	$905.9K → GBDC
9	$548,584	$393,515.84	$4,099,314	$2,974,971.01	$3.55M → GBDC
10	$3,371,260	$2,784,274.79	$20,775,530	$16,389,263.41	$17.40M → GBDC

TCEHY vs GBDC: Complete Analysis 2026

TCEHY — Stock

Tencent Holdings Limited, an investment holding company, provides value-added services (VAS) and Online advertising services in Mainland China and internationally. The company operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. It offers online games and social network services; FinTech and cloud services, and online advertising services. The company is also involved in the production, investment, and distribution of films and television programs for third parties, as well as copyrights licensing, merchandise sales, and other activities. n addition, it develops software; develops and operates online games; and provides information technology, information system integration, asset management, online literature, and online music entertainment services. Tencent Holdings Limited company was founded in 1998 and is headquartered in Shenzhen, the People's Republic of China.

Full TCEHY 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.