HSBC vs TFSL: Which Is the Better Dividend Stock?
As of Oct 25, 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. TFSL offers the higher yield at 7.65%, TFSL has the higher dividend-safety score, and HSBC looks like the better value (its fair-value estimate is 52% above its share price).
Key facts: HSBC vs TFSL
Data as of · Source: SmarterDividends data
- As of Oct 25, 2026, TFS Financial Corporation (TFSL) has the higher forward dividend yield at 7.65%, versus 4.14% for HSBC Holdings plc (HSBC).
- As of Oct 25, 2026, SmarterDividends grades HSBC's dividend safety B (72/100) and TFSL's B (77/100).
- As of Oct 25, 2026, HSBC pays out 54% of its earnings as dividends and TFSL pays out 314%.
- As of Oct 25, 2026, HSBC's fair-value estimate is 52% above its share price and TFSL's fair-value estimate is 45% above its share price, so HSBC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs TFSL: Dividend Yield, Safety & Value Compared," updated Oct 25, 2026, https://smarterdividends.com/compare/hsbc-vs-tfsl
| Metric | HSBC | TFSL |
|---|---|---|
| Forward yield | 4.14% | 7.65% |
| Annual dividend | $3.75 | $1.27 |
| Payout ratio | 54% | 314% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -13.8% | 0.2% |
| 5-yr total return | 228% | -8% |
| Dividend safety score | 72 (B) | 77 (B) |
| Fair value estimate | $137.57 | $24.15 |
| Upside to fair value | +52% | +45% |
| Frequency | quarterly | quarterly |
| Market cap | $310.1B | $4.7B |
| P/E ratio | 13.0 | 46.1 |
Higher yield
TFSL
7.65%
Safer dividend
TFSL
Grade B
Faster growth
TFSL
0.2%
Better value
HSBC
+52% upside
HSBC vs TFSL — FAQ
Is HSBC or TFSL a better dividend stock?
On the data, HSBC wins more head-to-head categories (4 vs 3). TFSL offers the higher yield (7.65%), while TFSL 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 TFSL?
TFSL has the higher forward dividend yield at 7.65%, versus 4.14% for HSBC.
Is HSBC or TFSL safer?
TFSL has the higher dividend-safety score (77/100 vs 72/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or TFSL better value right now?
As of Oct 25, 2026, HSBC looks like the better value: its fair-value estimate is 52% above its share price (undervalued). For TFSL, its fair-value estimate is 45% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.