EMD vs HBCYF: Which Is the Better Dividend Stock?
As of Nov 8, 2026, EMD (Western Asset Emerging Markets Debt Fund Inc.) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. EMD offers the higher yield at 12.14%, EMD has the higher dividend-safety score, and EMD looks like the better value (its fair-value estimate is 55% above its share price).
Key facts: EMD vs HBCYF
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Western Asset Emerging Markets Debt Fund Inc. (EMD) has the higher forward dividend yield at 12.14%, versus 2.29% for HSBC Holdings plc (HBCYF).
- As of Nov 8, 2026, SmarterDividends grades EMD's dividend safety C (59/100) and HBCYF's C (56/100).
- By SmarterDividends' count as of Nov 8, 2026, EMD has raised its dividend for 2 consecutive years and HBCYF for 0.
- As of Nov 8, 2026, EMD pays out 73% of its earnings as dividends and HBCYF pays out 54%.
- As of Nov 8, 2026, EMD's fair-value estimate is 55% above its share price and HBCYF's fair-value estimate is 40% above its share price, so EMD looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "EMD vs HBCYF: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/emd-vs-hbcyf
| Metric | EMD | HBCYF |
|---|---|---|
| Forward yield | 12.14% | 2.29% |
| Annual dividend | $1.14 | $0.40 |
| Payout ratio | 73% | 54% |
| Years of growth | 2 yr | 0 yr |
| 5-yr dividend growth | -1.1% | — |
| 5-yr total return | -28% | 214% |
| Dividend safety score | 59 (C) | 56 (C) |
| Fair value estimate | $14.54 | $24.43 |
| Upside to fair value | +55% | +40% |
| Frequency | monthly | quarterly |
| Market cap | $545.8M | $298.7B |
| P/E ratio | 6.0 | 11.4 |
Higher yield
EMD
12.14%
Safer dividend
EMD
Grade C
Faster growth
EMD
-1.1%
Better value
EMD
+55% upside
EMD vs HBCYF — FAQ
Is EMD or HBCYF a better dividend stock?
On the data, EMD wins more head-to-head categories (5 vs 2). EMD offers the higher yield (12.14%), while EMD has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, EMD or HBCYF?
EMD has the higher forward dividend yield at 12.14%, versus 2.29% for HBCYF.
Is EMD or HBCYF safer?
EMD has the higher dividend-safety score (59/100 vs 56/100), reflecting stronger payout coverage and dividend-growth history.
Is EMD or HBCYF better value right now?
As of Nov 8, 2026, EMD looks like the better value: its fair-value estimate is 55% above its share price (undervalued). For HBCYF, its fair-value estimate is 40% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.