HBCYF vs HFRO-PB: Which Is the Better Dividend Stock?
As of Nov 8, 2026, HFRO-PB (Highland Funds I - Highland Opportunities and Income Fund) screens as the stronger dividend stock, winning 3 of 3 head-to-head metrics. HFRO-PB offers the higher yield at 8.85%, HBCYF has the higher dividend-safety score, and HFRO-PB looks like the better value (its fair-value estimate is 102% above its share price).
Key facts: HBCYF vs HFRO-PB
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Highland Funds I - Highland Opportunities and Income Fund (HFRO-PB) has the higher forward dividend yield at 8.85%, versus 2.29% for HSBC Holdings plc (HBCYF).
- As of Nov 8, 2026, HBCYF's fair-value estimate is 40% above its share price and HFRO-PB's fair-value estimate is 102% above its share price, so HFRO-PB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HBCYF vs HFRO-PB: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/hbcyf-vs-hfro-pb
| Metric | HBCYF | HFRO-PB |
|---|---|---|
| Forward yield | 2.29% | 8.85% |
| Annual dividend | $0.40 | $1.34 |
| Payout ratio | 54% | — |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | — | — |
| 5-yr total return | 214% | — |
| Dividend safety score | 56 (C) | — |
| Fair value estimate | $24.43 | $30.69 |
| Upside to fair value | +40% | +102% |
| Frequency | quarterly | quarterly |
| Market cap | $298.7B | — |
| P/E ratio | 11.4 | — |
Higher yield
HFRO-PB
8.85%
Safer dividend
HBCYF
Grade C
Faster growth
HBCYF
—
Better value
HFRO-PB
+102% upside
HBCYF vs HFRO-PB — FAQ
Is HBCYF or HFRO-PB a better dividend stock?
On the data, HFRO-PB wins more head-to-head categories (3 vs 0). HFRO-PB offers the higher yield (8.85%), while HBCYF has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, HBCYF or HFRO-PB?
HFRO-PB has the higher forward dividend yield at 8.85%, versus 2.29% for HBCYF.
Is HBCYF or HFRO-PB safer?
Compare each stock's payout ratio, growth streak and cut history on its detail page to judge safety.
Is HBCYF or HFRO-PB better value right now?
As of Nov 8, 2026, HFRO-PB looks like the better value: its fair-value estimate is 102% 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.