HSBC vs SHG: Which Is the Better Dividend Stock?
As of September 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 3.74%, HSBC has the higher dividend-safety score, and SHG trades at the larger discount to fair value (+100%).
| Metric | HSBC | SHG |
|---|---|---|
| Forward yield | 3.74% | 2.50% |
| Annual dividend | $3.75 | $2.00 |
| Payout ratio | 54% | 25% |
| Years of growth | 0 yr | 1 yr |
| 5-yr dividend growth | -13.8% | — |
| 5-yr total return | 239% | 148% |
| Dividend safety score | 72 (B) | 71 (B) |
| Fair value estimate | $138.49 | $160.18 |
| Upside to fair value | +36% | +100% |
| Frequency | quarterly | quarterly |
| Market cap | $343.1B | $37.7B |
| P/E ratio | 14.3 | 10.1 |
Higher yield
HSBC
3.74%
Safer dividend
HSBC
Grade B
Faster growth
HSBC
-13.8%
Better value
SHG
+100% upside
HSBC vs SHG — FAQ
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