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TONPF vs GBDC: Dividend Comparison 2026

TONPF yields 1.16% · GBDC yields 11.85%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.75M in total portfolio value
10 years
TONPF
TONPF
● Live price
1.16%
Share price
$28.31
Annual div
$0.33
5Y div CAGR
29.4%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$28.5K
Annual income
$2,053.25
Full TONPF calculator →
GBDC
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 — TONPF 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 PeriodTONPFGBDC
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, TONPF + GBDC cover 0 of 12 monthsgood coverage

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

TONPF
Annual income on $10K today (after 15% tax)
$98.49/yr
After 10yr DRIP, annual income (after tax)
$1,745.26/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 $13,929,128.64/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 TONPF + GBDC for your $10,000?

TONPF: 50%GBDC: 50%
100% GBDC50/50100% TONPF
Portfolio after 10yr
$10.40M
Annual income
$8,195,658.33/yr
Blended yield
78.79%
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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

TONPF
No analyst data
Altman Z
2.4
Piotroski
4/9
GBDC
Analyst Ratings
6
Buy
5
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)

TONPF buys
0
GBDC buys
2
PoliticianChamberTickerTypeAmountDate
David P. Joyce🏢 House$GBDC▼ Sell$1,001 - $15,0002023-06-30
David P. Joyce🏢 House$GBDC▼ Sell$15,001 - $50,0002023-06-19
David P. Joyce🏢 House$GBDC▼ Sell$15,001 - $50,0002022-07-14
David P. Joyce🏢 House$GBDC▼ Sell$15,001 - $50,0002022-07-12
Teresa Leger Fernandez🏢 House$GBDC▼ Sell$15,001 - $50,0002021-01-20
David P. Joyce🏢 House$GBDC▲ Buy$1,001 - $15,0002020-02-25
David P. Joyce🏢 House$GBDC▲ Buy$15,001 - $50,0002019-05-30
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricTONPFGBDC
Forward yield1.16%11.85%
Annual dividend / share$0.33$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR29.4%51.1%
Portfolio after 10y$28.5K$20.78M
Annual income after 10y$2,053.25$16,389,263.41
Total dividends collected$7.5K$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearTONPF PortfolioTONPF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$10,850$149.94$12,490$1,790.28$1.6KGBDC
2$11,806$196.74$16,522$3,157.73$4.7KGBDC
3$12,891$258.89$23,578$5,898.68$10.7KGBDC
4$14,136$341.87$37,115$11,886.75$23.0KGBDC
5$15,579$453.35$66,136$26,423.57$50.6KGBDC
6$17,273$604.21$137,257$66,491.44$120.0KGBDC
7$19,293$810.19$341,734$194,868.54$322.4KGBDC
8$21,737$1,094.34$1,050,788$685,133.02$1.03MGBDC
9$24,750$1,491.15$4,099,314$2,974,971.01$4.07MGBDC
10$28,536$2,053.25$20,775,530$16,389,263.41$20.75MGBDC

TONPF vs GBDC: Complete Analysis 2026

TONPFStock

Toppan Inc. develops solutions based on its printing technologies. The company offers security documents, business forms, data printing services, smart and other cards, in-store instant smart cards, gift card ASP services, RFID tags and solutions, anti-counterfeit devices, and payment services; content and marketing services, such as books, magazines, supplements, textbooks, e-books, flyers, catalogs, pamphlets, promotional tools, spatial design, event planning and implantation services, digital content, and digital marketing services; and color filters, anti-reflection films, TFT LCD panels, metal masks for OLEDs, copper touch sensors, and light control films. It also provides back-office operations services, customer contact operations, and operations support services; flexible packaging, folding cartons, composite liquid containers, plastic molded goods, corrugated fiberboards, and contract-based filling services; decorative sheets, flooring materials, decorative panels, and exterior and flame retardant products and materials; transparent barrier films, media and supplies for printers, electronics packaging materials, lithium-ion battery-related materials, and precision processed and exterior decorated components; and photomasks, LSI design services, FC-BGA substrates, lead frames, etched products, and on-chip color filter arrays. In addition, the company offers insurance, travel and human resources agency, system development, consulting, shipping, warehousing, contract gene analysis, gene diagnosis reagent, office work, cleaning, linen supply, and environmental development services, as well as calendars, chemical products, and character-related goods. Further, it engages in the sales and intermediary services for publishing and newspaper content; operation of e-book store and distribution platform; and operation of Toppan hall. The company was formerly known as Toppan Printing Co., Ltd. Toppan Inc. was founded in 1900 and is headquartered in Tokyo, Japan.

Full TONPF 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.