Is ZRSEF or GBDC a better dividend investment in 2026?

ZRSEF currently yields 19.54% with a 5% 5-year dividend growth rate. GBDC yields 11.85% with 5% growth. The better choice depends on your goal: ZRSEF offers higher current income.

What is the dividend yield difference between ZRSEF and GBDC?

ZRSEF has a forward dividend yield of 19.54% ($2.00/share annually). GBDC yields 11.85% ($1.50/share annually). The yield gap is 7.69 percentage points.

Home › Compare › ZRSEF vs GBDC

ZRSEF vs GBDC: Dividend Comparison 2026

ZRSEF yields 19.54% · GBDC yields 11.85%● Live data

vsPost on X →

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

🏆 GBDC wins by $20.70M in total portfolio value· pulled ahead in Year 2

INVESTMENT

TIME HORIZON10 years

ZRSEF

● Live price

19.54%

Share price

$10.24

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$71.0K

Annual income

$6,413.37

Full ZRSEF calculator →

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 — ZRSEF vs GBDC

📍 GBDC pulled ahead of the other in Year 2

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	ZRSEF	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%.

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Dividend Calendar Overlap

Combined, ZRSEF + GBDC cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

ZRSEF pays

GBDC pays

Both pay

Neither

💰

Tax Bracket Optimizer

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

ZRSEF

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

$1,660.81/yr

After 10yr DRIP, annual income (after tax)

$5,451.36/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 $13,925,422.53/year in after-tax income after 10 years on $10,000

⚖️

Lazy Portfolio Split Optimizer

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

ZRSEF: 50%GBDC: 50%

100% GBDC50/50100% ZRSEF

Portfolio after 10yr

$10.42M

Annual income

$8,197,838.39/yr

Blended yield

78.65%

📊

Analyst Conviction Gap

Where Wall Street is most bullish on GBDC right now

ZRSEF

Analyst Ratings

Hold

Sell

Consensus: Hold

Altman Z

1.5

Piotroski

3/9

GBDC

Analyst Ratings

Buy

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)

ZRSEF buys

GBDC buys

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

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

MetricZRSEFGBDC

Forward yield	19.54% ✓	11.85%
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	$71.0K ✓	$20.78M
Annual income after 10y	$6,413.37	$16,389,263.41 ✓
Total dividends collected	$39.9K ✓	$20.36M
Payment frequency	quarterly	quarterly
Sector	Stock	BDC
Analyst consensus	Hold	Buy

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

Year	ZRSEF Portfolio	ZRSEF Income/yr	GBDC Portfolio	GBDC Income/yr	Gap
1	$12,654	$1,953.89	$12,490	$1,790.28	+$164.00 → ZRSEF
2← crossover	$15,850	$2,310.68	$16,522	$3,157.73	$672.00 → GBDC
3	$19,665	$2,705.02	$23,578	$5,898.68	$3.9K → GBDC
4	$24,178	$3,136.46	$37,115	$11,886.75	$12.9K → GBDC
5	$29,474	$3,603.99	$66,136	$26,423.57	$36.7K → GBDC
6	$35,644	$4,106.05	$137,257	$66,491.44	$101.6K → GBDC
7	$42,779	$4,640.65	$341,734	$194,868.54	$299.0K → GBDC
8	$50,979	$5,205.31	$1,050,788	$685,133.02	$999.8K → GBDC
9	$60,345	$5,797.25	$4,099,314	$2,974,971.01	$4.04M → GBDC
10	$70,982	$6,413.37	$20,775,530	$16,389,263.41	$20.70M → GBDC

ZRSEF vs GBDC: Complete Analysis 2026

ZRSEF — Stock

DocMorris AG operates e-commerce pharmacies and a wholesale business for medical and pharmaceutical products in Switzerland and internationally. The company offers consumer health, beauty, and personal care products, as well as medicines management services. It also operates stationary pharmacy shops. The company sells its products directly to physicians, online mail-order pharmacies, and private individuals under the Zur Rose, PromoFarma, TeleClinic, and DocMorris brands. The company was formerly known as Zur Rose AG and changed its name to Zur Rose Group AG in May 2015. The company was founded in 1993 and is headquartered in Frauenfeld, Switzerland.

Full ZRSEF 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 →

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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.