HSBC vs NRO: Which Is the Better Dividend Stock?
As of Nov 14, 2026, HSBC and NRO are closely matched. NRO offers the higher yield at 12.32%, HSBC has the higher dividend-safety score, and NRO looks like the better value (its fair-value estimate is 40% above its share price).
Key facts: HSBC vs NRO
Data as of · Source: SmarterDividends data
- As of Nov 14, 2026, Neuberger Berman Income Funds - Neuberger Real Estate Securities Income Fund Inc. (NRO) has the higher forward dividend yield at 12.32%, versus 2.23% for HSBC Holdings plc (HSBC).
- As of Nov 14, 2026, SmarterDividends grades HSBC's dividend safety B (72/100) and NRO's C (59/100).
- As of Nov 14, 2026, HSBC pays out 54% of its earnings as dividends and NRO pays out 104%.
- As of Nov 14, 2026, HSBC's fair-value estimate is 37% above its share price and NRO's fair-value estimate is 40% above its share price, so NRO looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs NRO: Dividend Yield, Safety & Value Compared," updated Nov 14, 2026, https://smarterdividends.com/compare/hsbc-vs-nro
HSBCHSBC Holdings plc
NRONeuberger Berman Income Funds - Neuberger Real Estate Securities Income Fund Inc.| Metric | HSBC | NRO |
|---|---|---|
| Forward yield | 2.23% | 12.32% |
| Annual dividend | $2.00 | $0.37 |
| Payout ratio | 54% | 104% |
| Years of growth | 0 yr | 1 yr |
| 5-yr dividend growth | -13.8% | -4.1% |
| 5-yr total return | 224% | -43% |
| Dividend safety score | 72 (B) | 59 (C) |
| Fair value estimate | $122.74 | $3.74 |
| Upside to fair value | +37% | +40% |
| Frequency | quarterly | monthly |
| Market cap | $306.4B | $169.2M |
| P/E ratio | 11.6 | 7.4 |
Higher yield
NRO
12.32%
Safer dividend
HSBC
Grade B
Faster growth
NRO
-4.1%
Better value
NRO
+40% upside
HSBC vs NRO — FAQ
Is HSBC or NRO a better dividend stock?
HSBC and NRO are closely matched. NRO has the higher yield; HSBC scores better on safety.
Which has a higher dividend yield, HSBC or NRO?
NRO has the higher forward dividend yield at 12.32%, versus 2.23% for HSBC.
Is HSBC or NRO safer?
HSBC has the higher dividend-safety score (72/100 vs 59/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or NRO better value right now?
As of Nov 14, 2026, NRO looks like the better value: its fair-value estimate is 40% above its share price (undervalued). For HSBC, its fair-value estimate is 37% above its share price.
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