HSBC vs SBI: Which Is the Better Dividend Stock?
As of Oct 18, 2026, HSBC and SBI are closely matched. SBI offers the higher yield at 6.95%, HSBC has the higher dividend-safety score, and SBI looks like the better value (its fair-value estimate is 108% above its share price).
Key facts: HSBC vs SBI
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Western Asset Intermediate Muni Fund Inc. (SBI) has the higher forward dividend yield at 6.95%, versus 3.97% for HSBC Holdings plc (HSBC).
- As of Oct 18, 2026, SmarterDividends grades HSBC's dividend safety B (72/100) and SBI's C (64/100).
- By SmarterDividends' count as of Oct 18, 2026, HSBC has raised its dividend for 0 consecutive years and SBI for 3.
- As of Oct 18, 2026, HSBC pays out 54% of its earnings as dividends and SBI pays out 83%.
- As of Oct 18, 2026, HSBC's fair-value estimate is 44% above its share price and SBI's fair-value estimate is 108% above its share price, so SBI looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs SBI: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/hsbc-vs-sbi
| Metric | HSBC | SBI |
|---|---|---|
| Forward yield | 3.97% | 6.95% |
| Annual dividend | $3.75 | $0.50 |
| Payout ratio | 54% | 83% |
| Years of growth | 0 yr | 3 yr |
| 5-yr dividend growth | -13.8% | 11.8% |
| 5-yr total return | 242% | -26% |
| Dividend safety score | 72 (B) | 64 (C) |
| Fair value estimate | $135.99 | $15.07 |
| Upside to fair value | +44% | +108% |
| Frequency | quarterly | monthly |
| Market cap | $323.4B | $102.1M |
| P/E ratio | 13.5 | 11.9 |
Higher yield
SBI
6.95%
Safer dividend
HSBC
Grade B
Faster growth
SBI
11.8%
Better value
SBI
+108% upside
HSBC vs SBI — FAQ
Is HSBC or SBI a better dividend stock?
HSBC and SBI are closely matched. SBI has the higher yield; HSBC scores better on safety.
Which has a higher dividend yield, HSBC or SBI?
SBI has the higher forward dividend yield at 6.95%, versus 3.97% for HSBC.
Is HSBC or SBI safer?
HSBC has the higher dividend-safety score (72/100 vs 64/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or SBI better value right now?
As of Oct 18, 2026, SBI looks like the better value: its fair-value estimate is 108% above its share price (undervalued). For HSBC, its fair-value estimate is 44% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.