HSBC vs NAZ: 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. NAZ offers the higher yield at 7.03%, 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 NAZ
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Nuveen Arizona Quality Municipal Income Fund (NAZ) has the higher forward dividend yield at 7.03%, versus 2.24% for HSBC Holdings plc (HSBC).
- As of Nov 5, 2026, SmarterDividends grades HSBC's dividend safety B (68/100) and NAZ's D (48/100).
- By SmarterDividends' count as of Nov 5, 2026, HSBC has raised its dividend for 0 consecutive years and NAZ for 2.
- As of Nov 5, 2026, HSBC pays out 54% of its earnings as dividends and NAZ pays out 148%.
- As of Nov 5, 2026, HSBC's fair-value estimate is 65% above its share price and NAZ's fair-value estimate is 59% above its share price, so HSBC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs NAZ: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/hsbc-vs-naz
| Metric | HSBC | NAZ |
|---|---|---|
| Forward yield | 2.24% | 7.03% |
| Annual dividend | $2.00 | $0.74 |
| Payout ratio | 54% | 148% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | -13.8% | 8.6% |
| 5-yr total return | 209% | -33% |
| Dividend safety score | 68 (B) | 48 (D) |
| Fair value estimate | $145.65 | $16.85 |
| Upside to fair value | +65% | +59% |
| Frequency | quarterly | monthly |
| Market cap | $301.5B | $135.8M |
| P/E ratio | 11.5 | 18.9 |
Higher yield
NAZ
7.03%
Safer dividend
HSBC
Grade B
Faster growth
NAZ
8.6%
Better value
HSBC
+65% upside
HSBC vs NAZ — FAQ
Is HSBC or NAZ a better dividend stock?
On the data, HSBC wins more head-to-head categories (5 vs 3). NAZ offers the higher yield (7.03%), 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 NAZ?
NAZ has the higher forward dividend yield at 7.03%, versus 2.24% for HSBC.
Is HSBC or NAZ safer?
HSBC has the higher dividend-safety score (68/100 vs 48/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or NAZ 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 NAZ, its fair-value estimate is 59% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.