HSBC vs MUC: Which Is the Better Dividend Stock?
As of Nov 12, 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. MUC offers the higher yield at 6.42%, HSBC has the higher dividend-safety score, and HSBC looks like the better value (its fair-value estimate is 35% above its share price).
Key facts: HSBC vs MUC
Data as of · Source: SmarterDividends data
- As of Nov 12, 2026, BlackRock MuniHoldings California Quality Fund, Inc. (MUC) has the higher forward dividend yield at 6.42%, versus 2.22% for HSBC Holdings plc (HSBC).
- As of Nov 12, 2026, SmarterDividends grades HSBC's dividend safety B (72/100) and MUC's C (60/100).
- By SmarterDividends' count as of Nov 12, 2026, HSBC has raised its dividend for 0 consecutive years and MUC for 2.
- As of Nov 12, 2026, HSBC pays out 54% of its earnings as dividends and MUC pays out 67%.
- As of Nov 12, 2026, HSBC's fair-value estimate is 35% above its share price and MUC's fair-value estimate is 3% above its share price, so HSBC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs MUC: Dividend Yield, Safety & Value Compared," updated Nov 12, 2026, https://smarterdividends.com/compare/hsbc-vs-muc
| Metric | HSBC | MUC |
|---|---|---|
| Forward yield | 2.22% | 6.42% |
| Annual dividend | $2.00 | $0.64 |
| Payout ratio | 54% | 67% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | -13.8% | 1.7% |
| 5-yr total return | 215% | -36% |
| Dividend safety score | 72 (B) | 60 (C) |
| Fair value estimate | $122.15 | $10.33 |
| Upside to fair value | +35% | +3% |
| Frequency | quarterly | monthly |
| Market cap | $308.4B | $1.3B |
| P/E ratio | 11.8 | 10.4 |
Higher yield
MUC
6.42%
Safer dividend
HSBC
Grade B
Faster growth
MUC
1.7%
Better value
HSBC
+35% upside
HSBC vs MUC — FAQ
Is HSBC or MUC a better dividend stock?
On the data, HSBC wins more head-to-head categories (5 vs 3). MUC offers the higher yield (6.42%), 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 MUC?
MUC has the higher forward dividend yield at 6.42%, versus 2.22% for HSBC.
Is HSBC or MUC safer?
HSBC has the higher dividend-safety score (72/100 vs 60/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or MUC better value right now?
As of Nov 12, 2026, HSBC looks like the better value: its fair-value estimate is 35% above its share price (undervalued). For MUC, its fair-value estimate is 3% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.