HSBC vs PGR: Which Is the Better Dividend Stock?
As of September 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. HSBC offers the higher yield at 3.68%, PGR has the higher dividend-safety score, and PGR trades at the larger discount to fair value (+72%).
| Metric | HSBC | PGR |
|---|---|---|
| Forward yield | 3.68% | 0.19% |
| Annual dividend | $3.75 | $0.40 |
| Payout ratio | 54% | 70% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -13.8% | 0.0% |
| 5-yr total return | 239% | 125% |
| Dividend safety score | 72 (B) | 82 (A) |
| Fair value estimate | $138.49 | $367.84 |
| Upside to fair value | +36% | +72% |
| Frequency | quarterly | quarterly |
| Market cap | $348.5B | $123.9B |
| P/E ratio | 14.5 | 10.7 |
Higher yield
HSBC
3.68%
Safer dividend
PGR
Grade A
Faster growth
PGR
0.0%
Better value
PGR
+72% upside
HSBC vs PGR — FAQ
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