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TMGEF vs GBDC: Dividend Comparison 2026

TMGEF yields 2000.00% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $7.44M in total portfolio value· pulled ahead in Year 10
10 years
TMGEF
TMGEF
● Live price
2000.00%
Share price
$0.10
Annual div
$2.00
5Y div CAGR
-50%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$13.41M
Annual income
$131,835.96
Full TMGEF 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 — TMGEF vs GBDC

📍 GBDC pulled ahead of the other in Year 10

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 PeriodTMGEFGBDC
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, TMGEF + GBDC cover 0 of 12 months — good coverage

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

Tax Bracket Optimizer

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

TMGEF
Annual income on $10K today (after 15% tax)
$170,000.00/yr
After 10yr DRIP, annual income (after tax)
$112,060.57/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 $13,871,063.19/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

TMGEF: 50%GBDC: 50%
100% GBDC50/50100% TMGEF
Portfolio after 10yr
$17.13M
Annual income
$8,291,284.90/yr
Blended yield
48.40%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

TMGEF
No analyst data
Altman Z
0.7
Piotroski
8/9
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)

TMGEF buys
0
GBDC buys
0
No recent congressional trades found for TMGEF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricTMGEFGBDC
Forward yield2000.00% ✓11.86%
Annual dividend / share$2.00 ✓$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR-50%51.1% ✓
Portfolio after 10y$13.41M$20.85M ✓
Annual income after 10y$131,835.96$16,450,733.83 ✓
Total dividends collected$9.45M$20.43M ✓
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearTMGEF PortfolioTMGEF Income/yrGBDC PortfolioGBDC Income/yrGap
1$110,700$100,000.00$12,492$1,791.70+$98.2K → TMGEF
2$635,739$517,289.72$16,527$3,160.58+$619.2K → TMGEF
3$2,068,437$1,388,197.05$23,588$5,904.90+$2.04M → TMGEF
4$4,323,805$2,110,576.40$37,141$11,901.65+$4.29M → TMGEF
5$6,688,102$2,061,631.10$66,205$26,463.38+$6.62M → TMGEF
6$8,646,433$1,490,163.82$137,452$66,612.65+$8.51M → TMGEF
7$10,151,915$900,231.77$342,372$195,298.53+$9.81M → TMGEF
8$11,356,463$493,914.25$1,053,292$686,954.33+$10.30M → TMGEF
9$12,409,602$258,186.13$4,111,439$2,984,416.95+$8.30M → TMGEF
10← crossover$13,410,110$131,835.96$20,849,974$16,450,733.83$7.44M → GBDC

TMGEF vs GBDC: Complete Analysis 2026

TMGEF — Stock

Thermal Energy International Inc. engages in the development, engineering, and supply of pollution control products, heat recovery systems, and condensate return solutions in North America, Europe, and internationally. Its products include GEM steam traps; FLU-ACE, a direct contact condensing heat recovery system that recycles the heat lost through the boiler flue gas exhaust; DRY-REX, a low temperature biomass dryer; indirect contact heat recovery equipment; boiler economizers under the HeatSponge brand; wet and dry steam accumulators; electricity co-generation solutions; turn-key thermal energy solutions; and water treatment products and services. It serves food and beverage, pulp and paper, hospital, pharmaceutical, chemicals and petrochemicals, and other industry sectors. Thermal Energy International Inc. was incorporated in 1991 and is based in Ottawa, Canada.

Full TMGEF 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.