HBCYF vs PDT: Which Is the Better Dividend Stock?
As of Nov 8, 2026, PDT (John Hancock Premium Dividend Fund) screens as the stronger dividend stock, winning 5 of 6 head-to-head metrics. PDT offers the higher yield at 8.74%, PDT has the higher dividend-safety score, and PDT looks like the better value (its fair-value estimate is 51% above its share price).
Key facts: HBCYF vs PDT
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, John Hancock Premium Dividend Fund (PDT) has the higher forward dividend yield at 8.74%, versus 2.29% for HSBC Holdings plc (HBCYF).
- As of Nov 8, 2026, SmarterDividends grades HBCYF's dividend safety C (56/100) and PDT's B (67/100).
- As of Nov 8, 2026, HBCYF pays out 54% of its earnings as dividends and PDT pays out 39%.
- As of Nov 8, 2026, HBCYF's fair-value estimate is 40% above its share price and PDT's fair-value estimate is 51% above its share price, so PDT looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HBCYF vs PDT: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/hbcyf-vs-pdt
| Metric | HBCYF | PDT |
|---|---|---|
| Forward yield | 2.29% | 8.74% |
| Annual dividend | $0.40 | $1.06 |
| Payout ratio | 54% | 39% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | — | -3.7% |
| 5-yr total return | 214% | -29% |
| Dividend safety score | 56 (C) | 67 (B) |
| Fair value estimate | $24.43 | $18.34 |
| Upside to fair value | +40% | +51% |
| Frequency | quarterly | monthly |
| Market cap | $298.7B | $596.6M |
| P/E ratio | 11.4 | 4.8 |
Higher yield
PDT
8.74%
Safer dividend
PDT
Grade B
Faster growth
PDT
-3.7%
Better value
PDT
+51% upside
HBCYF vs PDT — FAQ
Is HBCYF or PDT a better dividend stock?
On the data, PDT wins more head-to-head categories (5 vs 1). PDT offers the higher yield (8.74%), while PDT 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 PDT?
PDT has the higher forward dividend yield at 8.74%, versus 2.29% for HBCYF.
Is HBCYF or PDT safer?
PDT has the higher dividend-safety score (67/100 vs 56/100), reflecting stronger payout coverage and dividend-growth history.
Is HBCYF or PDT better value right now?
As of Nov 8, 2026, PDT looks like the better value: its fair-value estimate is 51% 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.