HSBC vs SBI: Which Is the Better Dividend Stock?
As of August 2026, HSBC and SBI are closely matched. SBI offers the higher yield at 6.63%, HSBC has the higher dividend-safety score, and SBI trades at the larger discount to fair value (+130%).
| Metric | HSBC | SBI |
|---|---|---|
| Forward yield | 3.60% | 6.63% |
| 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 | 298% | -22% |
| Dividend safety score | 72 (B) | 61 (C) |
| Fair value estimate | $135.81 | $17.49 |
| Upside to fair value | +30% | +130% |
| Frequency | quarterly | monthly |
| Market cap | $357.7B | $107.3M |
| P/E ratio | 14.9 | 12.5 |
Higher yield
SBI
6.63%
Safer dividend
HSBC
Grade B
Faster growth
SBI
11.8%
Better value
SBI
+130% upside
HSBC vs SBI — FAQ
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