Is WARAF or GBDC a better dividend investment in 2026?

WARAF currently yields 710.98% with a 5% 5-year dividend growth rate. GBDC yields 11.86% with 5% growth. The better choice depends on your goal: WARAF offers higher current income.

What is the dividend yield difference between WARAF and GBDC?

WARAF has a forward dividend yield of 710.98% ($2.00/share annually). GBDC yields 11.86% ($1.50/share annually). The yield gap is 699.12 percentage points.

Home › Compare › WARAF vs GBDC

WARAF vs GBDC: Dividend Comparison 2026

WARAF yields 710.98% · GBDC yields 11.86%● Live data

vsPost on X →

After 10 years · $10,000 invested · DRIP enabled

🏆 WARAF wins by $1033583.05M in total portfolio value

INVESTMENT

TIME HORIZON10 years

WARAF

● Live price

710.98%

Share price

$0.28

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$1033603.90M

Annual income

$809,603,060,551.21

Full WARAF calculator →

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 — WARAF vs GBDC

📍 WARAF 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 Period	WARAF	GBDC
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, WARAF + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

WARAF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

WARAF

Annual income on $10K today (after 15% tax)

$60,433.70/yr

After 10yr DRIP, annual income (after tax)

$688,162,601,468.53/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, WARAF beats the other by $688,148,618,344.77/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

WARAF: 50%GBDC: 50%

100% GBDC50/50100% WARAF

Portfolio after 10yr

$516812.38M

Annual income

$404,809,755,642.53/yr

Blended yield

78.33%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

WARAF

No analyst data

Altman Z

-970.8

Piotroski

1/9

GBDC

Analyst Ratings

Buy

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)

WARAF buys

GBDC buys

No recent congressional trades found for WARAF or GBDC in the last 90 days.

STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →

MetricWARAFGBDC

Forward yield	710.98% ✓	11.86%
Annual dividend / share	$2.00 ✓	$1.50
Payout ratio	50%	50%
1-year div growth	0%	0%
5-year div CAGR	0%	51.1% ✓
Portfolio after 10y	$1033603.90M ✓	$20.85M
Annual income after 10y	$809,603,060,551.21 ✓	$16,450,733.83
Total dividends collected	$1015518.95M ✓	$20.43M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC

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

Year	WARAF Portfolio	WARAF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1← crossover	$81,798	$71,098.47	$12,492	$1,791.70	+$69.3K → WARAF
2	$631,052	$543,527.69	$16,527	$3,160.58	+$614.5K → WARAF
3	$4,594,069	$3,918,843.25	$23,588	$5,904.90	+$4.57M → WARAF
4	$31,578,496	$26,662,842.02	$37,141	$11,901.65	+$31.54M → WARAF
5	$205,072,910	$171,283,919.25	$66,205	$26,463.38	+$205.01M → WARAF
6	$1,258,988,273	$1,039,560,259.07	$137,452	$66,612.65	+$1258.85M → WARAF
7	$7,311,689,405	$5,964,571,953.50	$342,372	$195,298.53	+$7311.35M → WARAF
8	$40,197,149,254	$32,373,641,590.85	$1,053,292	$686,954.33	+$40196.10M → WARAF
9	$209,346,583,144	$166,335,633,441.56	$4,111,439	$2,984,416.95	+$209342.47M → WARAF
10	$1,033,603,904,515	$809,603,060,551.21	$20,849,974	$16,450,733.83	+$1033583.05M → WARAF

WARAF vs GBDC: Complete Analysis 2026

WARAF — Stock

Waraba Gold Limited acquires and evaluates gold properties in Mali, West Africa. Its flagship prospective gold exploration project is the Fokolore project located in West Mali. The company was formerly known as Zenith Exploration Inc. and changed its name to Waraba Gold Limited in October 2020. Waraba Gold Limited was incorporated in 2015 and is headquartered in Vancouver, Canada.

Full WARAF Calculator →

GBDC — BDC

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 WARAF vs GBDC comparison by email

Save your analysis + weekly dividend insights. Free forever.

More comparisons

WARAF vs SCHD WARAF vs JEPI WARAF vs O WARAF vs KO WARAF 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.