AJG vs HSBC: Which Is the Better Dividend Stock?
As of Oct 18, 2026, AJG and HSBC are closely matched. HSBC offers the higher yield at 3.97%, AJG has the higher dividend-safety score, and HSBC looks like the better value (its fair-value estimate is 44% above its share price).
Key facts: AJG vs HSBC
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, HSBC Holdings plc (HSBC) has the higher forward dividend yield at 3.97%, versus 1.10% for Arthur J. Gallagher & Co. (AJG).
- As of Oct 18, 2026, SmarterDividends grades AJG's dividend safety A (97/100) and HSBC's B (72/100).
- By SmarterDividends' count as of Oct 18, 2026, AJG has raised its dividend for 15 consecutive years and HSBC for 0.
- As of Oct 18, 2026, AJG pays out 45% of its earnings as dividends and HSBC pays out 54%.
- As of Oct 18, 2026, AJG's fair-value estimate is 55% below its share price and HSBC's fair-value estimate is 44% above its share price, so HSBC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AJG vs HSBC: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/ajg-vs-hsbc
| Metric | AJG | HSBC |
|---|---|---|
| Forward yield | 1.10% | 3.97% |
| Annual dividend | $2.80 | $3.75 |
| Payout ratio | 45% | 54% |
| Years of growth | 15 yr | 0 yr |
| 5-yr dividend growth | 7.6% | -13.8% |
| 5-yr total return | 56% | 242% |
| Dividend safety score | 97 (A) | 72 (B) |
| Fair value estimate | $115.43 | $135.99 |
| Upside to fair value | -55% | +44% |
| Frequency | quarterly | quarterly |
| Market cap | $65.3B | $323.4B |
| P/E ratio | 42.3 | 13.5 |
Higher yield
HSBC
3.97%
Safer dividend
AJG
Grade A
Faster growth
AJG
7.6%
Better value
HSBC
+44% upside
AJG vs HSBC — FAQ
Is AJG or HSBC a better dividend stock?
AJG and HSBC are closely matched. HSBC has the higher yield; AJG scores better on safety.
Which has a higher dividend yield, AJG or HSBC?
HSBC has the higher forward dividend yield at 3.97%, versus 1.10% for AJG.
Is AJG or HSBC safer?
AJG has the higher dividend-safety score (97/100 vs 72/100), reflecting stronger payout coverage and dividend-growth history.
Is AJG or HSBC better value right now?
As of Oct 18, 2026, HSBC looks like the better value: its fair-value estimate is 44% above its share price (undervalued). For AJG, its fair-value estimate is 55% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.