HSBC vs PGP: Which Is the Better Dividend Stock?
As of Nov 5, 2026, PGP (PIMCO Global StocksPLUS & Income Fund) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. PGP offers the higher yield at 9.92%, PGP has the higher dividend-safety score, and HSBC looks like the better value (its fair-value estimate is 65% above its share price).
Key facts: HSBC vs PGP
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, PIMCO Global StocksPLUS & Income Fund (PGP) has the higher forward dividend yield at 9.92%, versus 2.24% for HSBC Holdings plc (HSBC).
- As of Nov 5, 2026, SmarterDividends grades HSBC's dividend safety B (68/100) and PGP's B (71/100).
- As of Nov 5, 2026, HSBC pays out 54% of its earnings as dividends and PGP pays out 46%.
- As of Nov 5, 2026, HSBC's fair-value estimate is 65% above its share price and PGP's fair-value estimate is 48% above its share price, so HSBC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs PGP: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/hsbc-vs-pgp
| Metric | HSBC | PGP |
|---|---|---|
| Forward yield | 2.24% | 9.92% |
| Annual dividend | $2.00 | $0.83 |
| Payout ratio | 54% | 46% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -13.8% | -2.8% |
| 5-yr total return | 209% | -24% |
| Dividend safety score | 68 (B) | 71 (B) |
| Fair value estimate | $145.65 | $12.09 |
| Upside to fair value | +65% | +48% |
| Frequency | quarterly | monthly |
| Market cap | $301.5B | $94.5M |
| P/E ratio | 11.5 | 4.6 |
Higher yield
PGP
9.92%
Safer dividend
PGP
Grade B
Faster growth
PGP
-2.8%
Better value
HSBC
+65% upside
HSBC vs PGP — FAQ
Is HSBC or PGP a better dividend stock?
On the data, PGP wins more head-to-head categories (4 vs 3). PGP offers the higher yield (9.92%), while PGP 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 PGP?
PGP has the higher forward dividend yield at 9.92%, versus 2.24% for HSBC.
Is HSBC or PGP safer?
PGP has the higher dividend-safety score (71/100 vs 68/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or PGP better value right now?
As of Nov 5, 2026, HSBC looks like the better value: its fair-value estimate is 65% above its share price (undervalued). For PGP, its fair-value estimate is 48% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.