HBCYF vs MIY: Which Is the Better Dividend Stock?
As of Nov 8, 2026, MIY (BlackRock MuniYield Michigan Quality Fund, Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. MIY offers the higher yield at 5.28%, MIY 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 MIY
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) has the higher forward dividend yield at 5.28%, versus 2.29% for HSBC Holdings plc (HBCYF).
- As of Nov 8, 2026, SmarterDividends grades HBCYF's dividend safety C (56/100) and MIY's C (63/100).
- By SmarterDividends' count as of Nov 8, 2026, HBCYF has raised its dividend for 0 consecutive years and MIY for 2.
- As of Nov 8, 2026, HBCYF pays out 54% of its earnings as dividends and MIY pays out 62%.
- As of Nov 8, 2026, HBCYF's fair-value estimate is 40% above its share price and MIY's fair-value estimate is 9% below its share price, so HBCYF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HBCYF vs MIY: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/hbcyf-vs-miy
| Metric | HBCYF | MIY |
|---|---|---|
| Forward yield | 2.29% | 5.28% |
| Annual dividend | $0.40 | $0.65 |
| Payout ratio | 54% | 62% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | — | 1.4% |
| 5-yr total return | 214% | -18% |
| Dividend safety score | 56 (C) | 63 (C) |
| Fair value estimate | $24.43 | $11.29 |
| Upside to fair value | +40% | -9% |
| Frequency | quarterly | monthly |
| Market cap | $298.7B | $359.1M |
| P/E ratio | 11.4 | 11.8 |
Higher yield
MIY
5.28%
Safer dividend
MIY
Grade C
Faster growth
MIY
1.4%
Better value
HBCYF
+40% upside
HBCYF vs MIY — FAQ
Is HBCYF or MIY a better dividend stock?
On the data, MIY wins more head-to-head categories (4 vs 3). MIY offers the higher yield (5.28%), while MIY 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 MIY?
MIY has the higher forward dividend yield at 5.28%, versus 2.29% for HBCYF.
Is HBCYF or MIY safer?
MIY has the higher dividend-safety score (63/100 vs 56/100), reflecting stronger payout coverage and dividend-growth history.
Is HBCYF or MIY 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 MIY, its fair-value estimate is 9% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.