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TSNF vs GBDC: Dividend Comparison 2026

TSNF yields 8.62% · GBDC yields 11.86%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.81M in total portfolio value
10 years
TSNF
TSNF
● Live price
8.62%
Share price
$23.19
Annual div
$2.00
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$35.4K
Annual income
$1,486.76
Full TSNF 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 — TSNF 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 PeriodTSNFGBDC
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, TSNF + GBDC cover 0 of 12 monthsgood coverage

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

TSNF
Annual income on $10K today (after 15% tax)
$733.07/yr
After 10yr DRIP, annual income (after tax)
$1,263.75/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 $13,981,860.01/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

TSNF: 50%GBDC: 50%
100% GBDC50/50100% TSNF
Portfolio after 10yr
$10.44M
Annual income
$8,226,110.30/yr
Blended yield
78.77%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

TSNF
No analyst data
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)

TSNF buys
0
GBDC buys
0
No recent congressional trades found for TSNF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricTSNFGBDC
Forward yield8.62%11.86%
Annual dividend / share$2.00$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1%
Portfolio after 10y$35.4K$20.85M
Annual income after 10y$1,486.76$16,450,733.83
Total dividends collected$11.8K$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearTSNF PortfolioTSNF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$11,562$862.44$12,492$1,791.70$930.00GBDC
2$13,304$931.96$16,527$3,160.58$3.2KGBDC
3$15,237$1,002.16$23,588$5,904.90$8.4KGBDC
4$17,377$1,072.71$37,141$11,901.65$19.8KGBDC
5$19,736$1,143.29$66,205$26,463.38$46.5KGBDC
6$22,331$1,213.59$137,452$66,612.65$115.1KGBDC
7$25,178$1,283.33$342,372$195,298.53$317.2KGBDC
8$28,293$1,352.26$1,053,292$686,954.33$1.02MGBDC
9$31,693$1,420.14$4,111,439$2,984,416.95$4.08MGBDC
10$35,398$1,486.76$20,849,974$16,450,733.83$20.81MGBDC

TSNF vs GBDC: Complete Analysis 2026

TSNFStock

TSNF is passively managed ETF that seeks to closely replicate, before fees and expenses, the performance of an index of US-listed companies on the leading edge of technological and industrial innovation, including sectors such as artificial intelligence, bioproduction, digital and cell tower infrastructure, quantum computing, semiconductors, nuclear energy, and the commercial space industry. The index applies equal weighting to its constituents, with additional caps to limit exposure to companies with persistent negative operating cash flow and excludes certain businesses to promote diversification and ideological neutrality. The ETF primarily holds all index components in the same proportions as the index and may use cash equivalents or derivatives for liquidity or portfolio management.

Full TSNF 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.