HSBC vs USB: Which Is the Better Dividend Stock?
As of Nov 5, 2026, USB (U.S. Bancorp) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. USB offers the higher yield at 3.54%, USB has the higher dividend-safety score, and HSBC looks like the better value (its fair-value estimate is 65% above its share price).
Key facts: HSBC vs USB
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, U.S. Bancorp (USB) has the higher forward dividend yield at 3.54%, versus 2.24% for HSBC Holdings plc (HSBC).
- As of Nov 5, 2026, SmarterDividends grades HSBC's dividend safety B (68/100) and USB's A (86/100).
- By SmarterDividends' count as of Nov 5, 2026, HSBC has raised its dividend for 0 consecutive years and USB for 15.
- As of Nov 5, 2026, HSBC pays out 54% of its earnings as dividends and USB pays out 42%.
- As of Nov 5, 2026, HSBC's fair-value estimate is 65% above its share price and USB's fair-value estimate is 46% above its share price, so HSBC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs USB: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/hsbc-vs-usb
| Metric | HSBC | USB |
|---|---|---|
| Forward yield | 2.24% | 3.54% |
| Annual dividend | $2.00 | $2.16 |
| Payout ratio | 54% | 42% |
| Years of growth | 0 yr | 15 yr |
| 5-yr dividend growth | -13.8% | 4.0% |
| 5-yr total return | 209% | 7% |
| Dividend safety score | 68 (B) | 86 (A) |
| Fair value estimate | $145.65 | $87.63 |
| Upside to fair value | +65% | +46% |
| Frequency | quarterly | quarterly |
| Market cap | $301.5B | $93.8B |
| P/E ratio | 11.5 | 11.7 |
Higher yield
USB
3.54%
Safer dividend
USB
Grade A
Faster growth
USB
4.0%
Better value
HSBC
+65% upside
HSBC vs USB — FAQ
Is HSBC or USB a better dividend stock?
On the data, USB wins more head-to-head categories (6 vs 2). USB offers the higher yield (3.54%), while USB 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 USB?
USB has the higher forward dividend yield at 3.54%, versus 2.24% for HSBC.
Is HSBC or USB safer?
USB has the higher dividend-safety score (86/100 vs 68/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or USB better value right now?
As of Nov 5, 2026, HSBC looks like the better value: its fair-value estimate is 65% above its share price (undervalued). For USB, its fair-value estimate is 46% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.