HSBC vs NWG: Which Is the Better Dividend Stock?
As of September 2026, NWG (NatWest Group plc) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. NWG offers the higher yield at 5.27%, HSBC has the higher dividend-safety score, and NWG trades at the larger discount to fair value (+100%).
| Metric | HSBC | NWG |
|---|---|---|
| Forward yield | 3.74% | 5.27% |
| Annual dividend | $3.75 | $0.94 |
| Payout ratio | 54% | 44% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | -13.8% | 7.7% |
| 5-yr total return | 239% | 186% |
| Dividend safety score | 72 (B) | 51 (C) |
| Fair value estimate | $138.49 | $37.27 |
| Upside to fair value | +36% | +100% |
| Frequency | quarterly | semiannual |
| Market cap | $343.1B | $72.1B |
| P/E ratio | 14.3 | 9.1 |
Higher yield
NWG
5.27%
Safer dividend
HSBC
Grade B
Faster growth
NWG
7.7%
Better value
NWG
+100% upside
HSBC vs NWG — FAQ
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