AFG vs HSBC: Which Is the Better Dividend Stock?
As of Oct 9, 2026, AFG (American Financial Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. HSBC offers the higher yield at 4.05%, AFG has the higher dividend-safety score, and HSBC looks like the better value (its fair-value estimate is 47% above its share price).
Key facts: AFG vs HSBC
Data as of · Source: SmarterDividends data
- As of Oct 9, 2026, HSBC Holdings plc (HSBC) has the higher forward dividend yield at 4.05%, versus 2.73% for American Financial Group, Inc. (AFG).
- As of Oct 9, 2026, SmarterDividends grades AFG's dividend safety A (94/100) and HSBC's B (72/100).
- By SmarterDividends' count as of Oct 9, 2026, AFG has raised its dividend for 3 consecutive years and HSBC for 0.
- As of Oct 9, 2026, AFG pays out 30% of its earnings as dividends and HSBC pays out 54%.
- As of Oct 9, 2026, AFG's fair-value estimate is 38% above its share price and HSBC's fair-value estimate is 47% above its share price, so HSBC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AFG vs HSBC: Dividend Yield, Safety & Value Compared," updated Oct 9, 2026, https://smarterdividends.com/compare/afg-vs-hsbc
| Metric | AFG | HSBC |
|---|---|---|
| Forward yield | 2.73% | 4.05% |
| Annual dividend | $3.88 | $3.75 |
| Payout ratio | 30% | 54% |
| Years of growth | 3 yr | 0 yr |
| 5-yr dividend growth | 12.1% | -13.8% |
| 5-yr total return | 2% | 220% |
| Dividend safety score | 94 (A) | 72 (B) |
| Fair value estimate | $196.46 | $136.16 |
| Upside to fair value | +38% | +47% |
| Frequency | quarterly | quarterly |
| Market cap | $11.8B | $316.7B |
| P/E ratio | 12.4 | 13.2 |
Higher yield
HSBC
4.05%
Safer dividend
AFG
Grade A
Faster growth
AFG
12.1%
Better value
HSBC
+47% upside
AFG vs HSBC — FAQ
Is AFG or HSBC a better dividend stock?
On the data, AFG wins more head-to-head categories (5 vs 3). HSBC offers the higher yield (4.05%), while AFG has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AFG or HSBC?
HSBC has the higher forward dividend yield at 4.05%, versus 2.73% for AFG.
Is AFG or HSBC safer?
AFG has the higher dividend-safety score (94/100 vs 72/100), reflecting stronger payout coverage and dividend-growth history.
Is AFG or HSBC better value right now?
As of Oct 9, 2026, HSBC looks like the better value: its fair-value estimate is 47% above its share price (undervalued). For AFG, its fair-value estimate is 38% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.