HomeCompareTSMTF vs GBDC

TSMTF vs GBDC: Dividend Comparison 2026

TSMTF yields 4.84% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.82M in total portfolio value
10 years
TSMTF
TSMTF
● Live price
4.84%
Share price
$1.51
Annual div
$0.07
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$27.5K
Annual income
$659.16
Full TSMTF 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 — TSMTF vs GBDC

📍 GBDC pulled ahead of the other in Year 1

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 PeriodTSMTFGBDC
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, TSMTF + GBDC cover 0 of 12 monthsgood coverage

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

Tax Bracket Optimizer

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

TSMTF
Annual income on $10K today (after 15% tax)
$411.12/yr
After 10yr DRIP, annual income (after tax)
$560.29/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 $13,982,563.47/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

TSMTF: 50%GBDC: 50%
100% GBDC50/50100% TSMTF
Portfolio after 10yr
$10.44M
Annual income
$8,225,696.50/yr
Blended yield
78.80%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

TSMTF
No analyst data
Altman Z
1.3
Piotroski
7/9
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)

TSMTF buys
0
GBDC buys
0
No recent congressional trades found for TSMTF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricTSMTFGBDC
Forward yield4.84%11.86%
Annual dividend / share$0.07$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1%
Portfolio after 10y$27.5K$20.85M
Annual income after 10y$659.16$16,450,733.83
Total dividends collected$5.8K$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearTSMTF PortfolioTSMTF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$11,184$483.66$12,492$1,791.70$1.3KGBDC
2$12,472$505.53$16,527$3,160.58$4.1KGBDC
3$13,872$526.88$23,588$5,904.90$9.7KGBDC
4$15,391$547.69$37,141$11,901.65$21.8KGBDC
5$17,036$567.89$66,205$26,463.38$49.2KGBDC
6$18,816$587.48$137,452$66,612.65$118.6KGBDC
7$20,739$606.41$342,372$195,298.53$321.6KGBDC
8$22,816$624.68$1,053,292$686,954.33$1.03MGBDC
9$25,055$642.26$4,111,439$2,984,416.95$4.09MGBDC
10$27,468$659.16$20,849,974$16,450,733.83$20.82MGBDC

TSMTF vs GBDC: Complete Analysis 2026

TSMTFStock

AS Tallinna Sadam provides port services as a landlord type of port in the Republic of Estonia. The company operates through Passenger Harbours, Cargo Harbours, Ferry, and Other segments. It owns, administers, and develops berths, port basins, and the surrounding areas; ensures safe navigation in port waters; and organizes vessel traffic in port basins, as well as leases land to cargo operators. The company owns and operates the Old City Harbor, a passenger harbor and the Old City Marina for recreational vessels located in the center of Tallinn; the cargo harbor in Muuga; the cargo harbor in Paldiski; and the harbor in Saaremaa for receiving cruise ships, pleasure crafts, and cargo vessels. It also offers icebreaking and other offshore support services; and sells electricity and network services, as well as provides ferry services between Estonia's mainland and biggest islands. AS Tallinna Sadam was incorporated in 1996 and is headquartered in Tallinn, the Republic of Estonia.

Full TSMTF 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 →
📬

Get this TSMTF vs GBDC comparison by email

Save your analysis + weekly dividend insights. Free forever.

More comparisons

TSMTF vs SCHDTSMTF vs JEPITSMTF vs OTSMTF vs KOTSMTF vs MAIN

⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.