HSBC vs SLF: Which Is the Better Dividend Stock?
As of August 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. HSBC offers the higher yield at 3.60%, SLF has the higher dividend-safety score, and HSBC trades at the larger discount to fair value (+30%).
| Metric | HSBC | SLF |
|---|---|---|
| Forward yield | 3.60% | 3.47% |
| Annual dividend | $3.75 | $2.74 |
| Payout ratio | 54% | 62% |
| Years of growth | 0 yr | 10 yr |
| 5-yr dividend growth | -13.8% | 8.3% |
| 5-yr total return | 298% | 54% |
| Dividend safety score | 72 (B) | 74 (B) |
| Fair value estimate | $135.81 | $81.09 |
| Upside to fair value | +30% | +3% |
| Frequency | quarterly | quarterly |
| Market cap | $356.7B | $44.0B |
| P/E ratio | 14.9 | 18.5 |
Higher yield
HSBC
3.60%
Safer dividend
SLF
Grade B
Faster growth
SLF
8.3%
Better value
HSBC
+30% upside
HSBC vs SLF — FAQ
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