HSBC vs USB: Which Is the Better Dividend Stock?
As of July 2026, USB (U.S. Bancorp) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. HSBC offers the higher yield at 3.73%, USB has the higher dividend-safety score, and USB trades at the larger discount to fair value (+79%).
| Metric | HSBC | USB |
|---|---|---|
| Forward yield | 3.73% | 3.29% |
| Annual dividend | $3.75 | $2.08 |
| Payout ratio | 62% | 42% |
| Years of growth | 0 yr | 15 yr |
| 5-yr dividend growth | -13.8% | 4.0% |
| 5-yr total return | 281% | 10% |
| Dividend safety score | 70 (B) | 85 (A) |
| Fair value estimate | $127.75 | $113.32 |
| Upside to fair value | +27% | +79% |
| Frequency | quarterly | quarterly |
| Market cap | $339.6B | $98.4B |
| P/E ratio | 16.6 | 12.6 |
Higher yield
HSBC
3.73%
Safer dividend
USB
Grade A
Faster growth
USB
4.0%
Better value
USB
+79% upside
HSBC vs USB — FAQ
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