HBCYF vs NCDL: Which Is the Better Dividend Stock?
As of Nov 8, 2026, NCDL (Nuveen Churchill Direct Lending Corp.) screens as the stronger dividend stock, winning 5 of 6 head-to-head metrics. NCDL offers the higher yield at 12.87%, NCDL has the higher dividend-safety score, and NCDL looks like the better value (its fair-value estimate is 48% above its share price).
Key facts: HBCYF vs NCDL
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Nuveen Churchill Direct Lending Corp. (NCDL) has the higher forward dividend yield at 12.87%, versus 2.29% for HSBC Holdings plc (HBCYF).
- As of Nov 8, 2026, SmarterDividends grades HBCYF's dividend safety C (56/100) and NCDL's C (63/100).
- As of Nov 8, 2026, HBCYF pays out 54% of its earnings as dividends and NCDL pays out 182%.
- As of Nov 8, 2026, HBCYF's fair-value estimate is 40% above its share price and NCDL's fair-value estimate is 48% above its share price, so NCDL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HBCYF vs NCDL: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/hbcyf-vs-ncdl
| Metric | HBCYF | NCDL |
|---|---|---|
| Forward yield | 2.29% | 12.87% |
| Annual dividend | $0.40 | $1.52 |
| Payout ratio | 54% | 182% |
| Years of growth | 0 yr | 1 yr |
| 5-yr dividend growth | — | — |
| 5-yr total return | 214% | — |
| Dividend safety score | 56 (C) | 63 (C) |
| Fair value estimate | $24.43 | $17.44 |
| Upside to fair value | +40% | +48% |
| Frequency | quarterly | quarterly |
| Market cap | $298.7B | $580.0M |
| P/E ratio | 11.4 | 13.3 |
Higher yield
NCDL
12.87%
Safer dividend
NCDL
Grade C
Faster growth
HBCYF
—
Better value
NCDL
+48% upside
HBCYF vs NCDL — FAQ
Is HBCYF or NCDL a better dividend stock?
On the data, NCDL wins more head-to-head categories (5 vs 1). NCDL offers the higher yield (12.87%), while NCDL 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 NCDL?
NCDL has the higher forward dividend yield at 12.87%, versus 2.29% for HBCYF.
Is HBCYF or NCDL safer?
NCDL has the higher dividend-safety score (63/100 vs 56/100), reflecting stronger payout coverage and dividend-growth history.
Is HBCYF or NCDL better value right now?
As of Nov 8, 2026, NCDL looks like the better value: its fair-value estimate is 48% above its share price (undervalued). For HBCYF, its fair-value estimate is 40% above its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.