HSBC vs PHK: Which Is the Better Dividend Stock?
As of Oct 23, 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. PHK offers the higher yield at 14.12%, HSBC has the higher dividend-safety score, and PHK looks like the better value (its fair-value estimate is 66% above its share price).
Key facts: HSBC vs PHK
Data as of · Source: SmarterDividends data
- As of Oct 23, 2026, PIMCO High Income Fund (PHK) has the higher forward dividend yield at 14.12%, versus 4.08% for HSBC Holdings plc (HSBC).
- As of Oct 23, 2026, SmarterDividends grades HSBC's dividend safety B (72/100) and PHK's C (61/100).
- As of Oct 23, 2026, HSBC pays out 54% of its earnings as dividends and PHK pays out 120%.
- As of Oct 23, 2026, HSBC's fair-value estimate is 48% above its share price and PHK's fair-value estimate is 66% above its share price, so PHK looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs PHK: Dividend Yield, Safety & Value Compared," updated Oct 23, 2026, https://smarterdividends.com/compare/hsbc-vs-phk
| Metric | HSBC | PHK |
|---|---|---|
| Forward yield | 4.08% | 14.12% |
| Annual dividend | $3.75 | $0.58 |
| Payout ratio | 54% | 120% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -13.8% | -2.1% |
| 5-yr total return | 242% | -32% |
| Dividend safety score | 72 (B) | 61 (C) |
| Fair value estimate | $135.99 | $6.79 |
| Upside to fair value | +48% | +66% |
| Frequency | quarterly | monthly |
| Market cap | $314.3B | $763.7M |
| P/E ratio | 13.1 | 8.5 |
Higher yield
PHK
14.12%
Safer dividend
HSBC
Grade B
Faster growth
PHK
-2.1%
Better value
PHK
+66% upside
HSBC vs PHK — FAQ
Is HSBC or PHK a better dividend stock?
On the data, HSBC wins more head-to-head categories (4 vs 3). PHK offers the higher yield (14.12%), 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 PHK?
PHK has the higher forward dividend yield at 14.12%, versus 4.08% for HSBC.
Is HSBC or PHK safer?
HSBC has the higher dividend-safety score (72/100 vs 61/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or PHK better value right now?
As of Oct 23, 2026, PHK looks like the better value: its fair-value estimate is 66% above its share price (undervalued). For HSBC, 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.