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ZGBEF vs GBDC: Dividend Comparison 2026

ZGBEF yields 0.28% · 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
ZGBEF
ZGBEF
● Live price
0.28%
Share price
$84.00
Annual div
$0.23
5Y div CAGR
51.1%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$26.1K
Annual income
$2,114.34
Full ZGBEF 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 — ZGBEF 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 PeriodZGBEFGBDC
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, ZGBEF + GBDC cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
ZGBEF pays
GBDC pays
Both pay
Neither
💰

Tax Bracket Optimizer

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

ZGBEF
Annual income on $10K today (after 15% tax)
$23.72/yr
After 10yr DRIP, annual income (after tax)
$1,797.19/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 $13,929,076.71/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

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

ZGBEF: 50%GBDC: 50%
100% GBDC50/50100% ZGBEF
Portfolio after 10yr
$10.40M
Annual income
$8,195,688.87/yr
Blended yield
78.80%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

ZGBEF
No analyst data
Altman Z
11.3
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.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

ZGBEF buys
0
GBDC buys
0
No recent congressional trades found for ZGBEF or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricZGBEFGBDC
Forward yield0.28%11.85%
Annual dividend / share$0.23$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR51.1%51.1%
Portfolio after 10y$26.1K$20.78M
Annual income after 10y$2,114.34$16,389,263.41
Total dividends collected$5.7K$20.36M
Payment frequencyquarterlyquarterly
SectorStockBDC

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

YearZGBEF PortfolioZGBEF Income/yrGBDC PortfolioGBDC Income/yrGap
1← crossover$10,742$42.16$12,490$1,790.28$1.7KGBDC
2$11,558$63.95$16,522$3,157.73$5.0KGBDC
3$12,464$97.17$23,578$5,898.68$11.1KGBDC
4$13,485$147.97$37,115$11,886.75$23.6KGBDC
5$14,655$226.07$66,136$26,423.57$51.5KGBDC
6$16,028$346.94$137,257$66,491.44$121.2KGBDC
7$17,685$535.82$341,734$194,868.54$324.0KGBDC
8$19,758$834.92$1,050,788$685,133.02$1.03MGBDC
9$22,458$1,317.23$4,099,314$2,974,971.01$4.08MGBDC
10$26,145$2,114.34$20,775,530$16,389,263.41$20.75MGBDC

ZGBEF vs GBDC: Complete Analysis 2026

ZGBEFStock

2G Energy AG, together with its subsidiaries, develops, manufactures, and installs combined heat and power (CHP) systems, and other systems for the recovery of electrical energy in Germany and internationally. It offers decentralized power and heat through gas motors driven by natural gas, biomethane, biogas, sewage gas, landfill gas, or hydrogen with an electrical output of 20 to 4,500 kW. The company's products include g-box, a natural gas CHP plant with the electrical output of 20 kW to 50 kW; aura, a CHP plant with the output range from 100 kW to 420 kW; patruus, a biogas and natural gas CHP plant with the output range from 50 kW to 263 kW; agenitor, a CHP plant with a capacity of 220 kW to 450 kW; and avus, a CHP plant with the electrical output range of 400 kW to 4.000 kW. It also engages in the rental and leasing of CHP plants. The company's products are used for various applications, such as biogas plants, office and administrative buildings, chemical and pharmaceutical industries, landfills, shopping centers, horticultural and agricultural holdings, hotels, industry and trade, sewage treatment plants, hospitals, food industry, public institutions, data processing centers, schools and universities, swimming pools, senior citizen centers, sports and leisure centers, heat grids, hydrogen, and residential buildings. The company was formerly known as 2G Bio-Energietechnik AG and changed its name to 2G Energy AG in 2011. 2G Energy AG was founded in 1995 and is headquartered in Heek, 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.