SmarterDividends

HSBC vs NRO: Which Is the Better Dividend Stock?

As of September 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. NRO offers the higher yield at 12.32%, HSBC has the higher dividend-safety score, and HSBC trades at the larger discount to fair value (+36%).

MetricHSBCNRO
Forward yield3.74%12.32%
Annual dividend$3.75$0.37
Payout ratio54%104%
Years of growth0 yr1 yr
5-yr dividend growth-13.8%-4.1%
5-yr total return239%-43%
Dividend safety score72 (B)59 (C)
Fair value estimate$138.49$3.54
Upside to fair value+36%+30%
Frequencyquarterlymonthly
Market cap$343.1B$169.5M
P/E ratio14.37.4

Higher yield

NRO

12.32%

Safer dividend

HSBC

Grade B

Faster growth

NRO

-4.1%

Better value

HSBC

+36% upside

HSBC vs NRO — FAQ

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