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VNNVF vs GBDC: Dividend Comparison 2026

VNNVF yields 5.78% · GBDC yields 11.85%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 GBDC wins by $20.75M in total portfolio value
10 years
VNNVF
VNNVF
● Live price
5.78%
Share price
$24.74
Annual div
$1.43
5Y div CAGR
-25.4%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$22.4K
Annual income
$35.02
Full VNNVF 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 — VNNVF 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 PeriodVNNVFGBDC
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, VNNVF + GBDC cover 0 of 12 monthsgood coverage

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

VNNVF
Annual income on $10K today (after 15% tax)
$491.39/yr
After 10yr DRIP, annual income (after tax)
$29.77/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 $13,930,844.13/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

VNNVF: 50%GBDC: 50%
100% GBDC50/50100% VNNVF
Portfolio after 10yr
$10.40M
Annual income
$8,194,649.21/yr
Blended yield
78.80%
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Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

VNNVF
Analyst Ratings
1
Hold
2
Sell
Consensus: Sell
Altman Z
0.7
Piotroski
4/9
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)

VNNVF 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 →
MetricVNNVFGBDC
Forward yield5.78%11.85%
Annual dividend / share$1.43$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR-25.4%51.1%
Portfolio after 10y$22.4K$20.78M
Annual income after 10y$35.02$16,389,263.41
Total dividends collected$1.7K$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusSellBuy

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

YearVNNVF PortfolioVNNVF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$11,131$431.27$12,490$1,790.28$1.4KGBDC
2$12,245$334.69$16,522$3,157.73$4.3KGBDC
3$13,359$256.70$23,578$5,898.68$10.2KGBDC
4$14,489$195.25$37,115$11,886.75$22.6KGBDC
5$15,651$147.65$66,136$26,423.57$50.5KGBDC
6$16,858$111.19$137,257$66,491.44$120.4KGBDC
7$18,122$83.50$341,734$194,868.54$323.6KGBDC
8$19,453$62.58$1,050,788$685,133.02$1.03MGBDC
9$20,861$46.83$4,099,314$2,974,971.01$4.08MGBDC
10$22,357$35.02$20,775,530$16,389,263.41$20.75MGBDC

VNNVF vs GBDC: Complete Analysis 2026

VNNVFStock

Vonovia SE operates as an integrated residential real estate company in Europe. It operates through five segments: Rental, Value-Add, Recurring Sales, Development, and Deutsche Wohnen. The company offers property management services; apartments and property-related services; and value-added services, including maintenance and modernization of properties, craftsmen and residential environment organization, residential environment organization, condominium administration, cable TV, metering, energy supply, and insurances services. It also engages in the sale of individual condominiums and single-family houses; and project development activities. As of December 31, 2021, the company had 565,334 residential units; 168,015 garages and parking spaces; and 9,289 commercial units, as well as managed 71,173 residential units for other owners in Germany, Austria, and Sweden. The company was formerly known as Deutsche Annington Immobilien SE and changed its name to Vonovia SE in August 2015. Vonovia SE was founded in 1998 and is headquartered in Bochum, Germany.

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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.