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TRMT vs GBDC: Dividend Comparison 2026

TRMT yields 36.78% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.66M in total portfolio value· pulled ahead in Year 5
10 years
TRMT
TRMT
● Live price
36.78%
Share price
$5.22
Annual div
$1.92
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$194.3K
Annual income
$30,601.99
Full TRMT 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 — TRMT vs GBDC

📍 GBDC pulled ahead of the other in Year 5

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 PeriodTRMTGBDC
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, TRMT + GBDC cover 0 of 12 monthsgood coverage

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

TRMT
Annual income on $10K today (after 15% tax)
$3,126.44/yr
After 10yr DRIP, annual income (after tax)
$26,011.69/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 $13,957,112.06/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 TRMT + GBDC for your $10,000?

TRMT: 50%GBDC: 50%
100% GBDC50/50100% TRMT
Portfolio after 10yr
$10.52M
Annual income
$8,240,667.92/yr
Blended yield
78.32%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

TRMT
Analyst Ratings
1
Buy
3
Hold
Consensus: Hold
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)

TRMT buys
0
GBDC buys
0
No recent congressional trades found for TRMT or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricTRMTGBDC
Forward yield36.78%11.86%
Annual dividend / share$1.92$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1%
Portfolio after 10y$194.3K$20.85M
Annual income after 10y$30,601.99$16,450,733.83
Total dividends collected$142.4K$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusHoldBuy

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

YearTRMT PortfolioTRMT Income/yrGBDC PortfolioGBDC Income/yrGap
1$14,378$3,678.16$12,492$1,791.70+$1.9KTRMT
2$20,327$4,942.54$16,527$3,160.58+$3.8KTRMT
3$28,280$6,530.41$23,588$5,904.90+$4.7KTRMT
4$38,751$8,491.14$37,141$11,901.65+$1.6KTRMT
5← crossover$52,338$10,873.80$66,205$26,463.38$13.9KGBDC
6$69,727$13,725.43$137,452$66,612.65$67.7KGBDC
7$91,697$17,089.42$342,372$195,298.53$250.7KGBDC
8$119,120$21,003.88$1,053,292$686,954.33$934.2KGBDC
9$152,958$25,500.22$4,111,439$2,984,416.95$3.96MGBDC
10$194,267$30,601.99$20,849,974$16,450,733.83$20.66MGBDC

TRMT vs GBDC: Complete Analysis 2026

TRMTStock

Tremont Mortgage Trust operates as a real estate investment trust. The company is headquartered in Newton, Massachusetts. The firm is focused primarily on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate (CRE). Its investments also include subordinated mortgages, mezzanine loans and preferred equity interests in entities that own middle market and transitional CRE. The company invests in first mortgage loans that provide financing on transitional CRE properties. The company also invests in subordinated loans, which includes subordinated mortgage loans and junior participations in first mortgage loans. The firm originates commercial real estate financing transactions for its clients. As of March 31, 2017, the Company had originated for its clients 437 real estate financing transactions, which primarily comprised of middle market CRE loans, for properties located across the United States. The Company’s investment manager is Tremont Realty Advisors LLC.

Full TRMT 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.