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VLPNF vs GBDC: Dividend Comparison 2026

VLPNF yields 3.21% · GBDC yields 11.85%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.76M in total portfolio value
10 years
VLPNF
VLPNF
● Live price
3.21%
Share price
$21.93
Annual div
$0.70
5Y div CAGR
-43.7%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$20.4K
Annual income
$1.06
Full VLPNF 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 — VLPNF 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 PeriodVLPNFGBDC
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, VLPNF + GBDC cover 0 of 12 monthsgood coverage

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

VLPNF
Annual income on $10K today (after 15% tax)
$272.86/yr
After 10yr DRIP, annual income (after tax)
$0.90/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, GBDC beats the other by $13,930,873.00/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

VLPNF: 50%GBDC: 50%
100% GBDC50/50100% VLPNF
Portfolio after 10yr
$10.40M
Annual income
$8,194,632.23/yr
Blended yield
78.81%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

VLPNF
Analyst Ratings
1
Hold
1
Sell
Consensus: Hold
Altman Z
2.1
Piotroski
6/9
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.
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Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

VLPNF buys
0
GBDC buys
0
No recent congressional trades found for VLPNF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricVLPNFGBDC
Forward yield3.21%11.85%
Annual dividend / share$0.70$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR-43.7%51.1%
Portfolio after 10y$20.4K$20.78M
Annual income after 10y$1.06$16,389,263.41
Total dividends collected$418.00$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusHoldBuy

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

YearVLPNF PortfolioVLPNF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$10,881$180.73$12,490$1,790.28$1.6KGBDC
2$11,746$103.47$16,522$3,157.73$4.8KGBDC
3$12,627$58.77$23,578$5,898.68$11.0KGBDC
4$13,544$33.24$37,115$11,886.75$23.6KGBDC
5$14,511$18.76$66,136$26,423.57$51.6KGBDC
6$15,537$10.58$137,257$66,491.44$121.7KGBDC
7$16,631$5.96$341,734$194,868.54$325.1KGBDC
8$17,798$3.36$1,050,788$685,133.02$1.03MGBDC
9$19,046$1.89$4,099,314$2,974,971.01$4.08MGBDC
10$20,380$1.06$20,775,530$16,389,263.41$20.76MGBDC

VLPNF vs GBDC: Complete Analysis 2026

VLPNFStock

Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others. The High Performance Metals segment offers special alloys for the oil and natural gas, aerospace, and energy engineering industries; tool manufacturing, component processing, heat treatment, and coating services; and warehousing and preprocessing of special steels, as well as services, including logistics, distribution, and processing for the oil and natural gas industries for automotive, white goods/consumer goods, building/construction, aerospace, mechanical engineering, and others. The Metal Engineering division offers rails and turnout products, rod and drawn wires, seamless tubes, and welding consumables and machinery; rails and digital monitoring systems; and services for rail infrastructure. This segment serves railway systems, automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others. The Metal Forming division manufactures special tubes and sections, and precision strip steel products, as well as pre-finished system components made from pressed, stamped, and roll-profiled parts for use in automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others. The company is headquartered in Linz, Austria.

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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.