HSBC vs MHF: Which Is the Better Dividend Stock?
As of Oct 18, 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. MHF offers the higher yield at 6.36%, HSBC has the higher dividend-safety score, and HSBC looks like the better value (its fair-value estimate is 44% above its share price).
Key facts: HSBC vs MHF
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Western Asset Municipal High Income Fund Inc. (MHF) has the higher forward dividend yield at 6.36%, versus 3.97% for HSBC Holdings plc (HSBC).
- As of Oct 18, 2026, SmarterDividends grades HSBC's dividend safety B (72/100) and MHF's C (53/100).
- By SmarterDividends' count as of Oct 18, 2026, HSBC has raised its dividend for 0 consecutive years and MHF for 3.
- As of Oct 18, 2026, HSBC pays out 54% of its earnings as dividends and MHF pays out 109%.
- As of Oct 18, 2026, HSBC's fair-value estimate is 44% above its share price and MHF's fair-value estimate is 40% above its share price, so HSBC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs MHF: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/hsbc-vs-mhf
| Metric | HSBC | MHF |
|---|---|---|
| Forward yield | 3.97% | 6.36% |
| Annual dividend | $3.75 | $0.41 |
| Payout ratio | 54% | 109% |
| Years of growth | 0 yr | 3 yr |
| 5-yr dividend growth | -13.8% | 7.8% |
| 5-yr total return | 242% | -23% |
| Dividend safety score | 72 (B) | 53 (C) |
| Fair value estimate | $135.99 | $9.01 |
| Upside to fair value | +44% | +40% |
| Frequency | quarterly | monthly |
| Market cap | $323.4B | $142.7M |
| P/E ratio | 13.5 | 17.4 |
Higher yield
MHF
6.36%
Safer dividend
HSBC
Grade B
Faster growth
MHF
7.8%
Better value
HSBC
+44% upside
HSBC vs MHF — FAQ
Is HSBC or MHF a better dividend stock?
On the data, HSBC wins more head-to-head categories (5 vs 3). MHF offers the higher yield (6.36%), 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 MHF?
MHF has the higher forward dividend yield at 6.36%, versus 3.97% for HSBC.
Is HSBC or MHF safer?
HSBC has the higher dividend-safety score (72/100 vs 53/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or MHF better value right now?
As of Oct 18, 2026, HSBC looks like the better value: its fair-value estimate is 44% above its share price (undervalued). For MHF, 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.