HSBC vs LEO: Which Is the Better Dividend Stock?
As of Nov 5, 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. LEO offers the higher yield at 5.98%, 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: HSBC vs LEO
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, BNY Mellon Strategic Municipals, Inc. (LEO) has the higher forward dividend yield at 5.98%, versus 2.24% for HSBC Holdings plc (HSBC).
- As of Nov 5, 2026, SmarterDividends grades HSBC's dividend safety B (68/100) and LEO's C (53/100).
- As of Nov 5, 2026, HSBC pays out 54% of its earnings as dividends and LEO pays out 137%.
- As of Nov 5, 2026, HSBC's fair-value estimate is 65% above its share price and LEO's fair-value estimate is 33% above its share price, so HSBC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs LEO: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/hsbc-vs-leo
| Metric | HSBC | LEO |
|---|---|---|
| Forward yield | 2.24% | 5.98% |
| Annual dividend | $2.00 | $0.36 |
| Payout ratio | 54% | 137% |
| Years of growth | 0 yr | 1 yr |
| 5-yr dividend growth | -13.8% | -9.4% |
| 5-yr total return | 209% | -29% |
| Dividend safety score | 68 (B) | 53 (C) |
| Fair value estimate | $145.65 | $8.01 |
| Upside to fair value | +65% | +33% |
| Frequency | quarterly | monthly |
| Market cap | $301.5B | $373.8M |
| P/E ratio | 11.5 | 30.0 |
Higher yield
LEO
5.98%
Safer dividend
HSBC
Grade B
Faster growth
LEO
-9.4%
Better value
HSBC
+65% upside
HSBC vs LEO — FAQ
Is HSBC or LEO a better dividend stock?
On the data, HSBC wins more head-to-head categories (5 vs 3). LEO offers the higher yield (5.98%), 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, HSBC or LEO?
LEO has the higher forward dividend yield at 5.98%, versus 2.24% for HSBC.
Is HSBC or LEO safer?
HSBC has the higher dividend-safety score (68/100 vs 53/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or LEO 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 LEO, its fair-value estimate is 33% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.