HomeCompareTSGTF vs GBDC

TSGTF vs GBDC: Dividend Comparison 2026

TSGTF yields 4.78% · GBDC yields 11.85%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 TSGTF wins by $4762.80M in total portfolio value· pulled ahead in Year 5
10 years
TSGTF
TSGTF
● Live price
4.78%
Share price
$6.40
Annual div
$0.31
5Y div CAGR
100%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$4783.58M
Annual income
$4,598,801,868.44
Full TSGTF 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 — TSGTF vs GBDC

📍 TSGTF 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 PeriodTSGTFGBDC
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, TSGTF + GBDC cover 0 of 12 monthsgood coverage

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

TSGTF
Annual income on $10K today (after 15% tax)
$406.41/yr
After 10yr DRIP, annual income (after tax)
$3,908,981,588.17/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, TSGTF beats the other by $3,895,050,714.28/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

TSGTF: 50%GBDC: 50%
100% GBDC50/50100% TSGTF
Portfolio after 10yr
$2402.18M
Annual income
$2,307,595,565.92/yr
Blended yield
96.06%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

TSGTF
No analyst data
Altman Z
4.2
Piotroski
7/9
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.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

TSGTF 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 →
MetricTSGTFGBDC
Forward yield4.78%11.85%
Annual dividend / share$0.31$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR100%51.1%
Portfolio after 10y$4783.58M$20.78M
Annual income after 10y$4,598,801,868.44$16,389,263.41
Total dividends collected$4770.57M$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearTSGTF PortfolioTSGTF Income/yrGBDC PortfolioGBDC Income/yrGap
1$11,656$956.25$12,490$1,790.28$834.00GBDC
2$14,556$2,083.42$16,522$3,157.73$2.0KGBDC
3$20,437$4,862.89$23,578$5,898.68$3.1KGBDC
4$34,630$12,762.49$37,115$11,886.75$2.5KGBDC
5← crossover$77,476$40,421.74$66,136$26,423.57+$11.3KTSGTF
6$251,933$169,033.11$137,257$66,491.44+$114.7KTSGTF
7$1,296,954$1,027,385.68$341,734$194,868.54+$955.2KTSGTF
8$11,273,715$9,885,974.39$1,050,788$685,133.02+$10.22MTSGTF
9$172,686,063$160,623,188.33$4,099,314$2,974,971.01+$168.59MTSGTF
10$4,783,575,956$4,598,801,868.44$20,775,530$16,389,263.41+$4762.80MTSGTF

TSGTF vs GBDC: Complete Analysis 2026

TSGTFStock

Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, and retail sale of beer products worldwide. It operates through seven segments: Shandong Region; South China Region; North China Region; East China Region; Southeast China Region; Hong Kong, Macau and Other Overseas Region; and Finance Company. The company sells its beer products primarily under the Tsingtaoand and Laoshan brand names. It also provides wealth management, and agency collection and payment services; and financing, construction, and logistics services, as well as technology promotion and application services. The company was founded in 1903 and is headquartered in Qingdao, the People's Republic of China.

Full TSGTF 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.