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TCLAF vs GBDC: Dividend Comparison 2026

TCLAF yields 17.47% · GBDC yields 11.86%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 TCLAF wins by $126.26M in total portfolio value
10 years
TCLAF
TCLAF
● Live price
17.47%
Share price
$3.72
Annual div
$0.65
5Y div CAGR
51.3%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$147.11M
Annual income
$124,768,473.46
Full TCLAF 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 — TCLAF vs GBDC

📍 TCLAF 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 PeriodTCLAFGBDC
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, TCLAF + GBDC cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
TCLAF 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.

TCLAF
Annual income on $10K today (after 15% tax)
$1,485.22/yr
After 10yr DRIP, annual income (after tax)
$106,053,202.44/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, TCLAF beats the other by $92,070,078.69/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

TCLAF: 50%GBDC: 50%
100% GBDC50/50100% TCLAF
Portfolio after 10yr
$83.98M
Annual income
$70,609,603.65/yr
Blended yield
84.08%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

TCLAF
Analyst Ratings
2
Buy
Consensus: Buy
Altman Z
2.2
Piotroski
7/9
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)

TCLAF buys
0
GBDC buys
0
No recent congressional trades found for TCLAF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricTCLAFGBDC
Forward yield17.47%11.86%
Annual dividend / share$0.65$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR51.3%51.1%
Portfolio after 10y$147.11M$20.85M
Annual income after 10y$124,768,473.46$16,450,733.83
Total dividends collected$145.26M$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusBuyBuy

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

YearTCLAF PortfolioTCLAF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$13,344$2,643.68$12,492$1,791.70+$852.00TCLAF
2$19,266$4,988.16$16,527$3,160.58+$2.7KTCLAF
3$30,798$10,183.78$23,588$5,904.90+$7.2KTCLAF
4$55,974$23,019.79$37,141$11,901.65+$18.8KTCLAF
5$119,050$59,158.34$66,205$26,463.38+$52.8KTCLAF
6$305,301$177,916.51$137,452$66,612.65+$167.8KTCLAF
7$971,832$645,160.54$342,372$195,298.53+$629.5KTCLAF
8$3,943,794$2,903,933.29$1,053,292$686,954.33+$2.89MTCLAF
9$20,883,302$16,663,442.56$4,111,439$2,984,416.95+$16.77MTCLAF
10$147,113,606$124,768,473.46$20,849,974$16,450,733.83+$126.26MTCLAF

TCLAF vs GBDC: Complete Analysis 2026

TCLAFStock

Transcontinental Inc. engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through Packaging, Printing, and Media sectors. The Packaging sector engages in the extrusion, lamination, printing, and converting packaging solutions; and manufacturing and recycling flexible plastic, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings. This sector serves cheese and dairy, coffee and tea, meat and protein, pet food, agriculture, beverage, confectionery, industrial, and consumer product markets, as well as supermarkets. The Printing sector provides integrated services for retailers, such as premedia services, flyer and in-store, and door-to-door marketing product printing distribution, as well as print solutions for newspapers, magazines, 4-color books, and personalized and mass marketing products. The Media sector is involved in printing and digital publishing of educational and trade books, and specialized publications for professionals and newspapers in French and English. Transcontinental Inc. was founded in 1976 and is headquartered in Montreal, Canada.

Full TCLAF 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 →
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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.