HSBC vs USB: Which Is the Better Dividend Stock?
As of September 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 3.68%, USB has the higher dividend-safety score, and USB trades at the larger discount to fair value (+97%).
| Metric | HSBC | USB |
|---|---|---|
| Forward yield | 3.68% | 3.60% |
| Annual dividend | $3.75 | $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 | 239% | -1% |
| Dividend safety score | 72 (B) | 85 (A) |
| Fair value estimate | $138.49 | $118.61 |
| Upside to fair value | +36% | +97% |
| Frequency | quarterly | quarterly |
| Market cap | $348.5B | $93.6B |
| P/E ratio | 14.5 | 12.0 |
Higher yield
HSBC
3.68%
Safer dividend
USB
Grade A
Faster growth
USB
4.0%
Better value
USB
+97% upside
HSBC vs USB — FAQ
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