HSBC vs SAN: Which Is the Better Dividend Stock?
As of September 2026, SAN (Banco Santander, S.A.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. HSBC offers the higher yield at 3.68%, HSBC has the higher dividend-safety score, and SAN trades at the larger discount to fair value (+38%).
| Metric | HSBC | SAN |
|---|---|---|
| Forward yield | 3.68% | 1.94% |
| Annual dividend | $3.75 | $0.28 |
| Payout ratio | 54% | 25% |
| Years of growth | 0 yr | 4 yr |
| 5-yr dividend growth | -13.8% | — |
| 5-yr total return | 239% | 278% |
| Dividend safety score | 72 (B) | 63 (C) |
| Fair value estimate | $138.49 | $19.81 |
| Upside to fair value | +36% | +38% |
| Frequency | quarterly | semiannual |
| Market cap | $348.5B | $207.6B |
| P/E ratio | 14.5 | 14.2 |
Higher yield
HSBC
3.68%
Safer dividend
HSBC
Grade B
Faster growth
HSBC
-13.8%
Better value
SAN
+38% upside
HSBC vs SAN — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.