HBCYF vs RBSPF: Which Is the Better Dividend Stock?
As of Nov 8, 2026, RBSPF (NatWest Group plc) screens as the stronger dividend stock, winning 6 of 7 head-to-head metrics. RBSPF offers the higher yield at 6.10%, RBSPF has the higher dividend-safety score, and RBSPF looks like the better value (its fair-value estimate is 50% above its share price).
Key facts: HBCYF vs RBSPF
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, NatWest Group plc (RBSPF) has the higher forward dividend yield at 6.10%, versus 2.29% for HSBC Holdings plc (HBCYF).
- As of Nov 8, 2026, SmarterDividends grades HBCYF's dividend safety C (56/100) and RBSPF's C (58/100).
- By SmarterDividends' count as of Nov 8, 2026, HBCYF has raised its dividend for 0 consecutive years and RBSPF for 4.
- As of Nov 8, 2026, HBCYF pays out 54% of its earnings as dividends and RBSPF pays out 47%.
- As of Nov 8, 2026, HBCYF's fair-value estimate is 40% above its share price and RBSPF's fair-value estimate is 50% above its share price, so RBSPF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HBCYF vs RBSPF: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/hbcyf-vs-rbspf
| Metric | HBCYF | RBSPF |
|---|---|---|
| Forward yield | 2.29% | 6.10% |
| Annual dividend | $0.40 | $0.47 |
| Payout ratio | 54% | 47% |
| Years of growth | 0 yr | 4 yr |
| 5-yr dividend growth | — | 9.9% |
| 5-yr total return | 214% | 160% |
| Dividend safety score | 56 (C) | 58 (C) |
| Fair value estimate | $24.43 | $11.57 |
| Upside to fair value | +40% | +50% |
| Frequency | quarterly | semiannual |
| Market cap | $298.7B | $61.0B |
| P/E ratio | 11.4 | 7.8 |
Higher yield
RBSPF
6.10%
Safer dividend
RBSPF
Grade C
Faster growth
RBSPF
9.9%
Better value
RBSPF
+50% upside
HBCYF vs RBSPF — FAQ
Is HBCYF or RBSPF a better dividend stock?
On the data, RBSPF wins more head-to-head categories (6 vs 1). RBSPF offers the higher yield (6.10%), while RBSPF 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 RBSPF?
RBSPF has the higher forward dividend yield at 6.10%, versus 2.29% for HBCYF.
Is HBCYF or RBSPF safer?
RBSPF has the higher dividend-safety score (58/100 vs 56/100), reflecting stronger payout coverage and dividend-growth history.
Is HBCYF or RBSPF better value right now?
As of Nov 8, 2026, RBSPF looks like the better value: its fair-value estimate is 50% 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.