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TEAF vs GBDC: Dividend Comparison 2026

TEAF yields 8.11% · GBDC yields 11.86%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $19.85M in total portfolio value
10 years
TEAF
TEAF
● Live price
8.11%
Share price
$12.21
Annual div
$0.99
5Y div CAGR
42.2%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$1.00M
Annual income
$584,404.04
Full TEAF 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 — TEAF 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 PeriodTEAFGBDC
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, TEAF + GBDC cover 0 of 12 monthsgood coverage

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

TEAF
Annual income on $10K today (after 15% tax)
$689.19/yr
After 10yr DRIP, annual income (after tax)
$496,743.43/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, GBDC beats the other by $13,486,380.32/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

TEAF: 50%GBDC: 50%
100% GBDC50/50100% TEAF
Portfolio after 10yr
$10.93M
Annual income
$8,517,568.94/yr
Blended yield
77.95%
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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

TEAF
No analyst data
Altman Z
3.0
Piotroski
2/9
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)

TEAF buys
0
GBDC buys
0
No recent congressional trades found for TEAF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricTEAFGBDC
Forward yield8.11%11.86%
Annual dividend / share$0.99$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR42.2%51.1%
Portfolio after 10y$1.00M$20.85M
Annual income after 10y$584,404.04$16,450,733.83
Total dividends collected$935.4K$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearTEAF PortfolioTEAF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$11,853$1,152.97$12,492$1,791.70$639.00GBDC
2$14,499$1,816.19$16,527$3,160.58$2.0KGBDC
3$18,466$2,952.47$23,588$5,904.90$5.1KGBDC
4$24,756$4,997.42$37,141$11,901.65$12.4KGBDC
5$35,393$8,903.66$66,205$26,463.38$30.8KGBDC
6$54,787$16,916.66$137,452$66,612.65$82.7KGBDC
7$93,423$34,801.04$342,372$195,298.53$248.9KGBDC
8$178,828$78,865.07$1,053,292$686,954.33$874.5KGBDC
9$391,969$200,623.12$4,111,439$2,984,416.95$3.72MGBDC
10$1,003,811$584,404.04$20,849,974$16,450,733.83$19.85MGBDC

TEAF vs GBDC: Complete Analysis 2026

TEAFStock

Tortoise Essential Assets Income Term Fund is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors L.L.C. It invests in equity and fixed income markets. The fund seeks to invest in securities of companies operating in the essential asset sectors, which includes education, housing, healthcare, social and human services, power, water, energy, infrastructure, basic materials, industrial, transportation and telecommunications sectors. The fund primarily seeks to invest in stocks of companies across all market capitalizations, as well as in corporate and government issues debt securities. Its corporate debt investment include high yield securities of any maturity. The fund also invests in private equities. It employs both fundamental and quantitative analysis with a focus on such proprietary financial, risk and valuation models to create its portfolio. The fund was formerly known as Tortoise Essential Assets Income 2024 Term Fund, Inc. Tortoise Essential Assets Income Term Fund was formed in 2017 and is domiciled in the United States.

Full TEAF 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.