HSBC vs TDF: Which Is the Better Dividend Stock?
As of September 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. TDF offers the higher yield at 5.93%, HSBC has the higher dividend-safety score, and HSBC trades at the larger discount to fair value (+36%).
| Metric | HSBC | TDF |
|---|---|---|
| Forward yield | 3.68% | 5.93% |
| Annual dividend | $3.75 | $0.60 |
| Payout ratio | 54% | 29% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -13.8% | -49.0% |
| 5-yr total return | 239% | -44% |
| Dividend safety score | 72 (B) | 63 (C) |
| Fair value estimate | $138.49 | $11.56 |
| Upside to fair value | +36% | +14% |
| Frequency | quarterly | quarterly |
| Market cap | $353.2B | $259.0M |
| P/E ratio | 14.7 | 6.7 |
Higher yield
TDF
5.93%
Safer dividend
HSBC
Grade B
Faster growth
HSBC
-13.8%
Better value
HSBC
+36% upside
HSBC vs TDF — FAQ
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