SmarterDividends

HSBC vs PAX: Which Is the Better Dividend Stock?

As of August 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 5 of 6 head-to-head metrics. PAX offers the higher yield at 5.64%, HSBC has the higher dividend-safety score, and HSBC trades at the larger discount to fair value (+31%).

MetricHSBCPAX
Forward yield3.62%5.64%
Annual dividend$3.75$0.65
Payout ratio54%135%
Years of growth0 yr0 yr
5-yr dividend growth-13.8%
5-yr total return292%-30%
Dividend safety score70 (B)51 (C)
Fair value estimate$136.28$14.43
Upside to fair value+31%+25%
Frequencyquarterlyquarterly
Market cap$355.7B$1.9B
P/E ratio14.825.6

Higher yield

PAX

5.64%

Safer dividend

HSBC

Grade B

Faster growth

HSBC

-13.8%

Better value

HSBC

+31% upside

HSBC vs PAX — FAQ

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