BNS vs HSBC: Which Is the Better Dividend Stock?
As of Nov 5, 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. BNS offers the higher yield at 3.36%, HSBC has the higher dividend-safety score, and HSBC looks like the better value (its fair-value estimate is 65% above its share price).
Key facts: BNS vs HSBC
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, The Bank of Nova Scotia (BNS) has the higher forward dividend yield at 3.36%, versus 2.24% for HSBC Holdings plc (HSBC).
- As of Nov 5, 2026, SmarterDividends grades BNS's dividend safety C (52/100) and HSBC's B (68/100).
- As of Nov 5, 2026, BNS pays out 58% of its earnings as dividends and HSBC pays out 54%.
- As of Nov 5, 2026, BNS's fair-value estimate is 7% above its share price and HSBC's fair-value estimate is 65% above its share price, so HSBC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BNS vs HSBC: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/bns-vs-hsbc
| Metric | BNS | HSBC |
|---|---|---|
| Forward yield | 3.36% | 2.24% |
| Annual dividend | $3.24 | $2.00 |
| Payout ratio | 58% | 54% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | 2.7% | -13.8% |
| 5-yr total return | 50% | 209% |
| Dividend safety score | 52 (C) | 68 (B) |
| Fair value estimate | $100.67 | $145.65 |
| Upside to fair value | +7% | +65% |
| Frequency | quarterly | quarterly |
| Market cap | $114.8B | $301.5B |
| P/E ratio | 17.1 | 11.5 |
Higher yield
BNS
3.36%
Safer dividend
HSBC
Grade B
Faster growth
BNS
2.7%
Better value
HSBC
+65% upside
BNS vs HSBC — FAQ
Is BNS or HSBC a better dividend stock?
On the data, HSBC wins more head-to-head categories (4 vs 3). BNS offers the higher yield (3.36%), while HSBC has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, BNS or HSBC?
BNS has the higher forward dividend yield at 3.36%, versus 2.24% for HSBC.
Is BNS or HSBC safer?
HSBC has the higher dividend-safety score (68/100 vs 52/100), reflecting stronger payout coverage and dividend-growth history.
Is BNS or HSBC better value right now?
As of Nov 5, 2026, HSBC looks like the better value: its fair-value estimate is 65% above its share price (undervalued). For BNS, its fair-value estimate is 7% above its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.