HSBC vs NCZ: Which Is the Better Dividend Stock?
As of Nov 5, 2026, NCZ (Virtus Convertible & Income Fund II) screens as the stronger dividend stock, winning 4 of 6 head-to-head metrics. NCZ offers the higher yield at 10.35%, HSBC has the higher dividend-safety score, and NCZ looks like the better value (its fair-value estimate is 80% above its share price).
Key facts: HSBC vs NCZ
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Virtus Convertible & Income Fund II (NCZ) has the higher forward dividend yield at 10.35%, versus 2.24% for HSBC Holdings plc (HSBC).
- As of Nov 5, 2026, SmarterDividends grades HSBC's dividend safety B (68/100) and NCZ's B (68/100).
- As of Nov 5, 2026, HSBC pays out 54% of its earnings as dividends and NCZ pays out 32%.
- As of Nov 5, 2026, HSBC's fair-value estimate is 65% above its share price and NCZ's fair-value estimate is 80% above its share price, so NCZ looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs NCZ: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/hsbc-vs-ncz
| Metric | HSBC | NCZ |
|---|---|---|
| Forward yield | 2.24% | 10.35% |
| Annual dividend | $2.00 | $1.44 |
| Payout ratio | 54% | 32% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -13.8% | -5.5% |
| 5-yr total return | 209% | -31% |
| Dividend safety score | 68 (B) | 68 (B) |
| Fair value estimate | $145.65 | $24.61 |
| Upside to fair value | +65% | +80% |
| Frequency | quarterly | monthly |
| Market cap | $301.5B | $259.9M |
| P/E ratio | 11.5 | 3.1 |
Higher yield
NCZ
10.35%
Safer dividend
HSBC
Grade B
Faster growth
NCZ
-5.5%
Better value
NCZ
+80% upside
HSBC vs NCZ — FAQ
Is HSBC or NCZ a better dividend stock?
On the data, NCZ wins more head-to-head categories (4 vs 2). NCZ offers the higher yield (10.35%), 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 NCZ?
NCZ has the higher forward dividend yield at 10.35%, versus 2.24% for HSBC.
Is HSBC or NCZ safer?
HSBC has the higher dividend-safety score (68/100 vs 68/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or NCZ better value right now?
As of Nov 5, 2026, NCZ looks like the better value: its fair-value estimate is 80% above its share price (undervalued). For HSBC, its fair-value estimate is 65% above its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.