HBCYF vs HFWA: Which Is the Better Dividend Stock?
As of Nov 8, 2026, HFWA (Heritage Financial Corporation) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. HFWA offers the higher yield at 3.52%, HFWA has the higher dividend-safety score, and HBCYF looks like the better value (its fair-value estimate is 40% above its share price).
Key facts: HBCYF vs HFWA
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Heritage Financial Corporation (HFWA) has the higher forward dividend yield at 3.52%, versus 2.29% for HSBC Holdings plc (HBCYF).
- As of Nov 8, 2026, SmarterDividends grades HBCYF's dividend safety C (56/100) and HFWA's A (84/100).
- By SmarterDividends' count as of Nov 8, 2026, HBCYF has raised its dividend for 0 consecutive years and HFWA for 14.
- As of Nov 8, 2026, HBCYF pays out 54% of its earnings as dividends and HFWA pays out 46%.
- As of Nov 8, 2026, HBCYF's fair-value estimate is 40% above its share price and HFWA's fair-value estimate is 37% above its share price, so HBCYF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HBCYF vs HFWA: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/hbcyf-vs-hfwa
| Metric | HBCYF | HFWA |
|---|---|---|
| Forward yield | 2.29% | 3.52% |
| Annual dividend | $0.40 | $1.00 |
| Payout ratio | 54% | 46% |
| Years of growth | 0 yr | 14 yr |
| 5-yr dividend growth | — | 3.7% |
| 5-yr total return | 214% | 21% |
| Dividend safety score | 56 (C) | 84 (A) |
| Fair value estimate | $24.43 | $38.91 |
| Upside to fair value | +40% | +37% |
| Frequency | quarterly | quarterly |
| Market cap | $298.7B | $1.2B |
| P/E ratio | 11.4 | 14.1 |
Higher yield
HFWA
3.52%
Safer dividend
HFWA
Grade A
Faster growth
HFWA
3.7%
Better value
HBCYF
+40% upside
HBCYF vs HFWA — FAQ
Is HBCYF or HFWA a better dividend stock?
On the data, HFWA wins more head-to-head categories (5 vs 2). HFWA offers the higher yield (3.52%), while HFWA 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 HFWA?
HFWA has the higher forward dividend yield at 3.52%, versus 2.29% for HBCYF.
Is HBCYF or HFWA safer?
HFWA has the higher dividend-safety score (84/100 vs 56/100), reflecting stronger payout coverage and dividend-growth history.
Is HBCYF or HFWA better value right now?
As of Nov 8, 2026, HBCYF looks like the better value: its fair-value estimate is 40% above its share price (undervalued). For HFWA, its fair-value estimate is 37% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.