HSBC vs PCF: Which Is the Better Dividend Stock?
As of Oct 20, 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. PCF offers the higher yield at 13.78%, HSBC has the higher dividend-safety score, and HSBC looks like the better value (its fair-value estimate is 46% above its share price).
Key facts: HSBC vs PCF
Data as of · Source: SmarterDividends data
- As of Oct 20, 2026, High Income Securities Fund (PCF) has the higher forward dividend yield at 13.78%, versus 4.03% for HSBC Holdings plc (HSBC).
- As of Oct 20, 2026, SmarterDividends grades HSBC's dividend safety B (72/100) and PCF's C (54/100).
- As of Oct 20, 2026, HSBC pays out 54% of its earnings as dividends and PCF pays out 338%.
- As of Oct 20, 2026, HSBC's fair-value estimate is 46% above its share price and PCF's fair-value estimate is 36% above its share price, so HSBC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs PCF: Dividend Yield, Safety & Value Compared," updated Oct 20, 2026, https://smarterdividends.com/compare/hsbc-vs-pcf
| Metric | HSBC | PCF |
|---|---|---|
| Forward yield | 4.03% | 13.78% |
| Annual dividend | $3.75 | $0.70 |
| Payout ratio | 54% | 338% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -13.8% | -6.4% |
| 5-yr total return | 242% | -40% |
| Dividend safety score | 72 (B) | 54 (C) |
| Fair value estimate | $135.99 | $6.89 |
| Upside to fair value | +46% | +36% |
| Frequency | quarterly | monthly |
| Market cap | $317.9B | $94.5M |
| P/E ratio | 13.3 | 24.0 |
Higher yield
PCF
13.78%
Safer dividend
HSBC
Grade B
Faster growth
PCF
-6.4%
Better value
HSBC
+46% upside
HSBC vs PCF — FAQ
Is HSBC or PCF a better dividend stock?
On the data, HSBC wins more head-to-head categories (5 vs 2). PCF offers the higher yield (13.78%), while HSBC has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, HSBC or PCF?
PCF has the higher forward dividend yield at 13.78%, versus 4.03% for HSBC.
Is HSBC or PCF safer?
HSBC has the higher dividend-safety score (72/100 vs 54/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or PCF better value right now?
As of Oct 20, 2026, HSBC looks like the better value: its fair-value estimate is 46% above its share price (undervalued). For PCF, its fair-value estimate is 36% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.