HBCYF vs MFC: Which Is the Better Dividend Stock?
As of Nov 13, 2026, MFC (Manulife Financial Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. MFC offers the higher yield at 3.10%, MFC has the higher dividend-safety score, and HBCYF looks like the better value (its fair-value estimate is 37% above its share price).
Key facts: HBCYF vs MFC
Data as of · Source: SmarterDividends data
- As of Nov 13, 2026, Manulife Financial Corporation (MFC) has the higher forward dividend yield at 3.10%, versus 2.24% for HSBC Holdings plc (HBCYF).
- As of Nov 13, 2026, SmarterDividends grades HBCYF's dividend safety C (56/100) and MFC's B (70/100).
- By SmarterDividends' count as of Nov 13, 2026, HBCYF has raised its dividend for 0 consecutive years and MFC for 12.
- As of Nov 13, 2026, HBCYF pays out 54% of its earnings as dividends and MFC pays out 54%.
- As of Nov 13, 2026, HBCYF's fair-value estimate is 37% above its share price and MFC's fair-value estimate is 7% above its share price, so HBCYF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HBCYF vs MFC: Dividend Yield, Safety & Value Compared," updated Nov 13, 2026, https://smarterdividends.com/compare/hbcyf-vs-mfc
| Metric | HBCYF | MFC |
|---|---|---|
| Forward yield | 2.24% | 3.10% |
| Annual dividend | $0.40 | $1.36 |
| Payout ratio | 54% | 54% |
| Years of growth | 0 yr | 12 yr |
| 5-yr dividend growth | — | 8.4% |
| 5-yr total return | 214% | 141% |
| Dividend safety score | 56 (C) | 70 (B) |
| Fair value estimate | $24.43 | $46.97 |
| Upside to fair value | +37% | +7% |
| Frequency | quarterly | quarterly |
| Market cap | $305.3B | $72.6B |
| P/E ratio | 11.8 | 17.5 |
Higher yield
MFC
3.10%
Safer dividend
MFC
Grade B
Faster growth
MFC
8.4%
Better value
HBCYF
+37% upside
HBCYF vs MFC — FAQ
Is HBCYF or MFC a better dividend stock?
On the data, MFC wins more head-to-head categories (4 vs 3). MFC offers the higher yield (3.10%), while MFC 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 MFC?
MFC has the higher forward dividend yield at 3.10%, versus 2.24% for HBCYF.
Is HBCYF or MFC safer?
MFC has the higher dividend-safety score (70/100 vs 56/100), reflecting stronger payout coverage and dividend-growth history.
Is HBCYF or MFC better value right now?
As of Nov 13, 2026, HBCYF looks like the better value: its fair-value estimate is 37% above its share price (undervalued). For MFC, its fair-value estimate is 7% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.