HSBC vs RY: Which Is the Better Dividend Stock?
As of July 2026, RY (Royal Bank of Canada) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. HSBC offers the higher yield at 3.73%, RY has the higher dividend-safety score, and RY trades at the larger discount to fair value (+102%).
| Metric | HSBC | RY |
|---|---|---|
| Forward yield | 3.73% | 2.37% |
| Annual dividend | $3.75 | $5.10 |
| Payout ratio | 62% | 41% |
| Years of growth | 0 yr | 10 yr |
| 5-yr dividend growth | -13.8% | 6.2% |
| 5-yr total return | 281% | 110% |
| Dividend safety score | 70 (B) | 75 (B) |
| Fair value estimate | $127.75 | $435.73 |
| Upside to fair value | +27% | +102% |
| Frequency | quarterly | quarterly |
| Market cap | $339.6B | $292.3B |
| P/E ratio | 16.6 | 19.9 |
Higher yield
HSBC
3.73%
Safer dividend
RY
Grade B
Faster growth
RY
6.2%
Better value
RY
+102% upside
HSBC vs RY — FAQ
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