CM vs HSBC: Which Is the Better Dividend Stock?
As of September 2026, CM (Canadian Imperial Bank of Commerce) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. HSBC offers the higher yield at 3.68%, CM has the higher dividend-safety score, and CM trades at the larger discount to fair value (+37%).
| Metric | CM | HSBC |
|---|---|---|
| Forward yield | 2.69% | 3.68% |
| Annual dividend | $3.09 | $3.75 |
| Payout ratio | 40% | 54% |
| Years of growth | 10 yr | 0 yr |
| 5-yr dividend growth | 5.1% | -13.8% |
| 5-yr total return | 89% | 239% |
| Dividend safety score | 73 (B) | 72 (B) |
| Fair value estimate | $157.12 | $138.49 |
| Upside to fair value | +37% | +36% |
| Frequency | quarterly | quarterly |
| Market cap | $104.3B | $348.5B |
| P/E ratio | 15.4 | 14.5 |
Higher yield
HSBC
3.68%
Safer dividend
CM
Grade B
Faster growth
CM
5.1%
Better value
CM
+37% upside
CM vs HSBC — FAQ
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