HSBC vs SAN: Which Is the Better Dividend Stock?
As of July 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 3.73%, HSBC has the higher dividend-safety score, and SAN trades at the larger discount to fair value (+46%).
| Metric | HSBC | SAN |
|---|---|---|
| Forward yield | 3.73% | 2.05% |
| Annual dividend | $3.75 | $0.28 |
| Payout ratio | 62% | 25% |
| Years of growth | 0 yr | 4 yr |
| 5-yr dividend growth | -13.8% | — |
| 5-yr total return | 281% | 267% |
| Dividend safety score | 70 (B) | 63 (C) |
| Fair value estimate | $127.75 | $19.81 |
| Upside to fair value | +27% | +46% |
| Frequency | quarterly | semiannual |
| Market cap | $339.6B | $190.6B |
| P/E ratio | 16.6 | 13.5 |
Higher yield
HSBC
3.73%
Safer dividend
HSBC
Grade B
Faster growth
HSBC
-13.8%
Better value
SAN
+46% upside
HSBC vs SAN — FAQ
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