HSBC vs SPMA: Which Is the Better Dividend Stock?
As of July 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 2 of 3 head-to-head metrics. SPMA offers the higher yield at 7.97%, HSBC has the higher dividend-safety score, and HSBC trades at the larger discount to fair value (+27%).
| Metric | HSBC | SPMA |
|---|---|---|
| Forward yield | 3.73% | 7.97% |
| Annual dividend | $3.75 | $2.00 |
| Payout ratio | 62% | — |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -13.8% | — |
| 5-yr total return | 281% | — |
| Dividend safety score | 70 (B) | — |
| Fair value estimate | $127.75 | $28.07 |
| Upside to fair value | +27% | +12% |
| Frequency | quarterly | monthly |
| Market cap | $339.6B | — |
| P/E ratio | 16.6 | — |
Higher yield
SPMA
7.97%
Safer dividend
HSBC
Grade B
Faster growth
HSBC
-13.8%
Better value
HSBC
+27% upside
HSBC vs SPMA — FAQ
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