HSBC vs PGR: Which Is the Better Dividend Stock?
As of Nov 5, 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. HSBC offers the higher yield at 2.24%, PGR 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 PGR
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, HSBC Holdings plc (HSBC) has the higher forward dividend yield at 2.24%, versus 0.17% for The Progressive Corporation (PGR).
- As of Nov 5, 2026, SmarterDividends grades HSBC's dividend safety B (68/100) and PGR's A (82/100).
- As of Nov 5, 2026, HSBC pays out 54% of its earnings as dividends and PGR pays out 70%.
- As of Nov 5, 2026, HSBC's fair-value estimate is 65% above its share price and PGR's fair-value estimate is 2% below its share price, so HSBC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs PGR: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/hsbc-vs-pgr
| Metric | HSBC | PGR |
|---|---|---|
| Forward yield | 2.24% | 0.17% |
| Annual dividend | $2.00 | $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 | 209% | 149% |
| Dividend safety score | 68 (B) | 82 (A) |
| Fair value estimate | $145.65 | $233.20 |
| Upside to fair value | +65% | -2% |
| Frequency | quarterly | quarterly |
| Market cap | $301.5B | $137.5B |
| P/E ratio | 11.5 | 12.0 |
Higher yield
HSBC
2.24%
Safer dividend
PGR
Grade A
Faster growth
PGR
0.0%
Better value
HSBC
+65% upside
HSBC vs PGR — FAQ
Is HSBC or PGR a better dividend stock?
On the data, HSBC wins more head-to-head categories (5 vs 2). HSBC offers the higher yield (2.24%), while PGR 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 PGR?
HSBC has the higher forward dividend yield at 2.24%, versus 0.17% for PGR.
Is HSBC or PGR safer?
PGR has the higher dividend-safety score (82/100 vs 68/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or PGR 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 PGR, its fair-value estimate is 2% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.