HSBC vs PFG: Which Is the Better Dividend Stock?
As of Oct 18, 2026, HSBC and PFG are closely matched. HSBC offers the higher yield at 3.97%, PFG has the higher dividend-safety score, and HSBC looks like the better value (its fair-value estimate is 44% above its share price).
Key facts: HSBC vs PFG
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, HSBC Holdings plc (HSBC) has the higher forward dividend yield at 3.97%, versus 3.09% for Principal Financial Group, Inc. (PFG).
- As of Oct 18, 2026, SmarterDividends grades HSBC's dividend safety B (72/100) and PFG's A (88/100).
- By SmarterDividends' count as of Oct 18, 2026, HSBC has raised its dividend for 0 consecutive years and PFG for 13.
- As of Oct 18, 2026, HSBC pays out 54% of its earnings as dividends and PFG pays out 45%.
- As of Oct 18, 2026, HSBC's fair-value estimate is 44% above its share price and PFG's fair-value estimate is 6% above its share price, so HSBC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs PFG: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/hsbc-vs-pfg
| Metric | HSBC | PFG |
|---|---|---|
| Forward yield | 3.97% | 3.09% |
| Annual dividend | $3.75 | $3.36 |
| Payout ratio | 54% | 45% |
| Years of growth | 0 yr | 13 yr |
| 5-yr dividend growth | -13.8% | 6.6% |
| 5-yr total return | 242% | 59% |
| Dividend safety score | 72 (B) | 88 (A) |
| Fair value estimate | $135.99 | $115.83 |
| Upside to fair value | +44% | +6% |
| Frequency | quarterly | quarterly |
| Market cap | $323.4B | $23.3B |
| P/E ratio | 13.5 | 15.5 |
Higher yield
HSBC
3.97%
Safer dividend
PFG
Grade A
Faster growth
PFG
6.6%
Better value
HSBC
+44% upside
HSBC vs PFG — FAQ
Is HSBC or PFG a better dividend stock?
HSBC and PFG are closely matched. HSBC has the higher yield; PFG scores better on safety.
Which has a higher dividend yield, HSBC or PFG?
HSBC has the higher forward dividend yield at 3.97%, versus 3.09% for PFG.
Is HSBC or PFG safer?
PFG has the higher dividend-safety score (88/100 vs 72/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or PFG better value right now?
As of Oct 18, 2026, HSBC looks like the better value: its fair-value estimate is 44% above its share price (undervalued). For PFG, its fair-value estimate is 6% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.