HSBC vs TCPC: Which Is the Better Dividend Stock?
As of Oct 27, 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. TCPC offers the higher yield at 19.41%, HSBC has the higher dividend-safety score, and TCPC looks like the better value (its fair-value estimate is 145% above its share price).
Key facts: HSBC vs TCPC
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, BlackRock TCP Capital Corp. (TCPC) has the higher forward dividend yield at 19.41%, versus 4.11% for HSBC Holdings plc (HSBC).
- As of Oct 27, 2026, SmarterDividends grades HSBC's dividend safety B (72/100) and TCPC's D (41/100).
- As of Oct 27, 2026, HSBC pays out 54% of its earnings as dividends and TCPC pays out 389%.
- As of Oct 27, 2026, HSBC's fair-value estimate is 51% above its share price and TCPC's fair-value estimate is 145% above its share price, so TCPC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs TCPC: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/hsbc-vs-tcpc
| Metric | HSBC | TCPC |
|---|---|---|
| Forward yield | 4.11% | 19.41% |
| Annual dividend | $3.75 | $0.76 |
| Payout ratio | 54% | 389% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -13.8% | -3.2% |
| 5-yr total return | 228% | -70% |
| Dividend safety score | 72 (B) | 41 (D) |
| Fair value estimate | $137.57 | $9.56 |
| Upside to fair value | +51% | +145% |
| Frequency | quarterly | quarterly |
| Market cap | $311.9B | $328.1M |
| P/E ratio | 13.0 | — |
Higher yield
TCPC
19.41%
Safer dividend
HSBC
Grade B
Faster growth
TCPC
-3.2%
Better value
TCPC
+145% upside
HSBC vs TCPC — FAQ
Is HSBC or TCPC a better dividend stock?
On the data, HSBC wins more head-to-head categories (4 vs 3). TCPC offers the higher yield (19.41%), while HSBC has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, HSBC or TCPC?
TCPC has the higher forward dividend yield at 19.41%, versus 4.11% for HSBC.
Is HSBC or TCPC safer?
HSBC has the higher dividend-safety score (72/100 vs 41/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or TCPC better value right now?
As of Oct 27, 2026, TCPC looks like the better value: its fair-value estimate is 145% above its share price (undervalued). For HSBC, its fair-value estimate is 51% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.