HDB vs HSBC: Which Is the Better Dividend Stock?
As of Nov 5, 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 5 of 6 head-to-head metrics. HSBC offers the higher yield at 2.24%, HSBC has the higher dividend-safety score, and HSBC looks like the better value (its fair-value estimate is 65% above its share price).
Key facts: HDB vs HSBC
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, HSBC Holdings plc (HSBC) has the higher forward dividend yield at 2.24%, versus 1.68% for HDFC Bank Limited (HDB).
- As of Nov 5, 2026, SmarterDividends grades HDB's dividend safety C (58/100) and HSBC's B (68/100).
- As of Nov 5, 2026, HDB pays out 23% of its earnings as dividends and HSBC pays out 54%.
- As of Nov 5, 2026, HDB's fair-value estimate is 2% above its share price and HSBC's fair-value estimate is 65% above its share price, so HSBC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HDB vs HSBC: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/hdb-vs-hsbc
| Metric | HDB | HSBC |
|---|---|---|
| Forward yield | 1.68% | 2.24% |
| Annual dividend | $0.41 | $2.00 |
| Payout ratio | 23% | 54% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | — | -13.8% |
| 5-yr total return | -32% | 209% |
| Dividend safety score | 58 (C) | 68 (B) |
| Fair value estimate | $24.82 | $145.65 |
| Upside to fair value | +2% | +65% |
| Frequency | annual | quarterly |
| Market cap | $125.7B | $301.5B |
| P/E ratio | 15.8 | 11.5 |
Higher yield
HSBC
2.24%
Safer dividend
HSBC
Grade B
Faster growth
HSBC
-13.8%
Better value
HSBC
+65% upside
HDB vs HSBC — FAQ
Is HDB or HSBC a better dividend stock?
On the data, HSBC wins more head-to-head categories (5 vs 1). HSBC offers the higher yield (2.24%), while HSBC has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, HDB or HSBC?
HSBC has the higher forward dividend yield at 2.24%, versus 1.68% for HDB.
Is HDB or HSBC safer?
HSBC has the higher dividend-safety score (68/100 vs 58/100), reflecting stronger payout coverage and dividend-growth history.
Is HDB or HSBC better value right now?
As of Nov 5, 2026, HSBC looks like the better value: its fair-value estimate is 65% above its share price (undervalued). For HDB, its fair-value estimate is 2% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.