HSBC vs NMS: Which Is the Better Dividend Stock?
As of Oct 24, 2026, HSBC and NMS are closely matched. NMS offers the higher yield at 7.46%, HSBC has the higher dividend-safety score, and NMS looks like the better value (its fair-value estimate is 107% above its share price).
Key facts: HSBC vs NMS
Data as of · Source: SmarterDividends data
- As of Oct 24, 2026, Nuveen Minnesota Quality Municipal Income Fund (NMS) has the higher forward dividend yield at 7.46%, versus 4.14% for HSBC Holdings plc (HSBC).
- As of Oct 24, 2026, SmarterDividends grades HSBC's dividend safety B (72/100) and NMS's D (47/100).
- By SmarterDividends' count as of Oct 24, 2026, HSBC has raised its dividend for 0 consecutive years and NMS for 2.
- As of Oct 24, 2026, HSBC pays out 54% of its earnings as dividends and NMS pays out 71%.
- As of Oct 24, 2026, HSBC's fair-value estimate is 50% above its share price and NMS's fair-value estimate is 107% above its share price, so NMS looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs NMS: Dividend Yield, Safety & Value Compared," updated Oct 24, 2026, https://smarterdividends.com/compare/hsbc-vs-nms
| Metric | HSBC | NMS |
|---|---|---|
| Forward yield | 4.14% | 7.46% |
| Annual dividend | $3.75 | $0.76 |
| Payout ratio | 54% | 71% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | -13.8% | 7.9% |
| 5-yr total return | 228% | -33% |
| Dividend safety score | 72 (B) | 47 (D) |
| Fair value estimate | $135.99 | $20.99 |
| Upside to fair value | +50% | +107% |
| Frequency | quarterly | monthly |
| Market cap | $310.1B | $64.9M |
| P/E ratio | 13.0 | 8.7 |
Higher yield
NMS
7.46%
Safer dividend
HSBC
Grade B
Faster growth
NMS
7.9%
Better value
NMS
+107% upside
HSBC vs NMS — FAQ
Is HSBC or NMS a better dividend stock?
HSBC and NMS are closely matched. NMS has the higher yield; HSBC scores better on safety.
Which has a higher dividend yield, HSBC or NMS?
NMS has the higher forward dividend yield at 7.46%, versus 4.14% for HSBC.
Is HSBC or NMS safer?
HSBC has the higher dividend-safety score (72/100 vs 47/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or NMS better value right now?
As of Oct 24, 2026, NMS looks like the better value: its fair-value estimate is 107% above its share price (undervalued). For HSBC, its fair-value estimate is 50% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.