HBCYF vs NZF: Which Is the Better Dividend Stock?
As of Nov 8, 2026, NZF (Nuveen Municipal Credit Income Fund) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. NZF offers the higher yield at 8.32%, HBCYF has the higher dividend-safety score, and NZF looks like the better value (its fair-value estimate is 54% above its share price).
Key facts: HBCYF vs NZF
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Nuveen Municipal Credit Income Fund (NZF) has the higher forward dividend yield at 8.32%, versus 2.29% for HSBC Holdings plc (HBCYF).
- As of Nov 8, 2026, SmarterDividends grades HBCYF's dividend safety C (56/100) and NZF's C (53/100).
- By SmarterDividends' count as of Nov 8, 2026, HBCYF has raised its dividend for 0 consecutive years and NZF for 2.
- As of Nov 8, 2026, HBCYF pays out 54% of its earnings as dividends and NZF pays out 105%.
- As of Nov 8, 2026, HBCYF's fair-value estimate is 40% above its share price and NZF's fair-value estimate is 54% above its share price, so NZF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HBCYF vs NZF: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/hbcyf-vs-nzf
| Metric | HBCYF | NZF |
|---|---|---|
| Forward yield | 2.29% | 8.32% |
| Annual dividend | $0.40 | $0.95 |
| Payout ratio | 54% | 105% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | — | 4.6% |
| 5-yr total return | 214% | -33% |
| Dividend safety score | 56 (C) | 53 (C) |
| Fair value estimate | $24.43 | $17.71 |
| Upside to fair value | +40% | +54% |
| Frequency | quarterly | monthly |
| Market cap | $298.7B | $2.3B |
| P/E ratio | 11.4 | 12.6 |
Higher yield
NZF
8.32%
Safer dividend
HBCYF
Grade C
Faster growth
NZF
4.6%
Better value
NZF
+54% upside
HBCYF vs NZF — FAQ
Is HBCYF or NZF a better dividend stock?
On the data, NZF wins more head-to-head categories (4 vs 3). NZF offers the higher yield (8.32%), 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 NZF?
NZF has the higher forward dividend yield at 8.32%, versus 2.29% for HBCYF.
Is HBCYF or NZF safer?
HBCYF has the higher dividend-safety score (56/100 vs 53/100), reflecting stronger payout coverage and dividend-growth history.
Is HBCYF or NZF better value right now?
As of Nov 8, 2026, NZF looks like the better value: its fair-value estimate is 54% 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.