SmarterDividends

HSBC vs MKTX: Which Is the Better Dividend Stock?

As of September 2026, HSBC and MKTX are closely matched. HSBC offers the higher yield at 3.68%, MKTX has the higher dividend-safety score, and HSBC trades at the larger discount to fair value (+36%).

MetricHSBCMKTX
Forward yield3.68%1.91%
Annual dividend$3.75$3.12
Payout ratio54%36%
Years of growth0 yr15 yr
5-yr dividend growth-13.8%4.8%
5-yr total return239%-60%
Dividend safety score72 (B)87 (A)
Fair value estimate$138.49$186.17
Upside to fair value+36%+14%
Frequencyquarterlyquarterly
Market cap$353.2B$5.8B
P/E ratio14.719.3

Higher yield

HSBC

3.68%

Safer dividend

MKTX

Grade A

Faster growth

MKTX

4.8%

Better value

HSBC

+36% upside

HSBC vs MKTX — FAQ

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