HSBC vs NCA: Which Is the Better Dividend Stock?
As of Nov 5, 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. NCA offers the higher yield at 4.22%, 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 NCA
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Nuveen California Municipal Income Fund (NCA) has the higher forward dividend yield at 4.22%, versus 2.24% for HSBC Holdings plc (HSBC).
- As of Nov 5, 2026, SmarterDividends grades HSBC's dividend safety B (68/100) and NCA's C (65/100).
- As of Nov 5, 2026, HSBC pays out 54% of its earnings as dividends and NCA pays out 99%.
- As of Nov 5, 2026, HSBC's fair-value estimate is 65% above its share price and NCA's fair-value estimate is 40% below its share price, so HSBC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs NCA: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/hsbc-vs-nca
| Metric | HSBC | NCA |
|---|---|---|
| Forward yield | 2.24% | 4.22% |
| Annual dividend | $2.00 | $0.36 |
| Payout ratio | 54% | 99% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -13.8% | 1.2% |
| 5-yr total return | 209% | -16% |
| Dividend safety score | 68 (B) | 65 (C) |
| Fair value estimate | $145.65 | $5.10 |
| Upside to fair value | +65% | -40% |
| Frequency | quarterly | monthly |
| Market cap | $301.5B | — |
| P/E ratio | 11.5 | 24.2 |
Higher yield
NCA
4.22%
Safer dividend
HSBC
Grade B
Faster growth
NCA
1.2%
Better value
HSBC
+65% upside
HSBC vs NCA — FAQ
Is HSBC or NCA a better dividend stock?
On the data, HSBC wins more head-to-head categories (5 vs 2). NCA offers the higher yield (4.22%), 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 NCA?
NCA has the higher forward dividend yield at 4.22%, versus 2.24% for HSBC.
Is HSBC or NCA safer?
HSBC has the higher dividend-safety score (68/100 vs 65/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or NCA 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 NCA, its fair-value estimate is 40% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.