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ULTI vs GBDC: Dividend Comparison 2026

ULTI yields 37.98% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.64M in total portfolio value· pulled ahead in Year 5
10 years
ULTI
ULTI
● Live price
37.98%
Share price
$12.22
Annual div
$4.64
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$207.5K
Annual income
$33,581.24
Full ULTI 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 — ULTI 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 PeriodULTIGBDC
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, ULTI + GBDC cover 0 of 12 monthsgood coverage

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

ULTI
Annual income on $10K today (after 15% tax)
$3,227.97/yr
After 10yr DRIP, annual income (after tax)
$28,544.05/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 $13,954,579.70/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 ULTI + GBDC for your $10,000?

ULTI: 50%GBDC: 50%
100% GBDC50/50100% ULTI
Portfolio after 10yr
$10.53M
Annual income
$8,242,157.54/yr
Blended yield
78.28%
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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

ULTI
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)

ULTI buys
0
GBDC buys
0
No recent congressional trades found for ULTI or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricULTIGBDC
Forward yield37.98%11.86%
Annual dividend / share$4.64$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%51.1%
Portfolio after 10y$207.5K$20.85M
Annual income after 10y$33,581.24$16,450,733.83
Total dividends collected$153.7K$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearULTI PortfolioULTI Income/yrGBDC PortfolioGBDC Income/yrGap
1$14,498$3,797.61$12,492$1,791.70+$2.0KULTI
2$20,658$5,145.45$16,527$3,160.58+$4.1KULTI
3$28,956$6,852.19$23,588$5,904.90+$5.4KULTI
4$39,959$8,976.36$37,141$11,901.65+$2.8KULTI
5← crossover$54,334$11,576.97$66,205$26,463.38$11.9KGBDC
6$72,849$14,711.60$137,452$66,612.65$64.6KGBDC
7$96,382$18,434.39$342,372$195,298.53$246.0KGBDC
8$125,923$22,794.05$1,053,292$686,954.33$927.4KGBDC
9$162,570$27,832.10$4,111,439$2,984,416.95$3.95MGBDC
10$207,531$33,581.24$20,849,974$16,450,733.83$20.64MGBDC

ULTI vs GBDC: Complete Analysis 2026

ULTIStock

ULTI aims to provide weekly cash distributions by combining equity exposure, options trading, and short-term US Treasuries. The fund holds a portfolio of 1530 US-listed stocks or equivalent synthetic positions created through options. Security selection is based on a quantitative process that targets names with high implied volatility and strong liquidity to enhance option premium income and dividend yield. Income is primarily generated from options strategies, which include writing covered calls, selling put options, and using call spreads to collect premiums. Note that while this approach offers consistent income, it also caps upside potential if stock prices rise significantly. To manage risk, each written option is offset by a lower-delta purchased option to limit potential losses during market downturns. Up to 10% of assets may be held in short-term U.S. Treasuries or cash, providing collateral and earning interest income.

Full ULTI 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.