SmarterDividends

HSBC vs VOYA: Which Is the Better Dividend Stock?

As of August 2026, HSBC and VOYA are closely matched. HSBC offers the higher yield at 3.60%, VOYA has the higher dividend-safety score, and HSBC trades at the larger discount to fair value (+30%).

MetricHSBCVOYA
Forward yield3.60%1.92%
Annual dividend$3.75$1.88
Payout ratio54%31%
Years of growth0 yr7 yr
5-yr dividend growth-13.8%24.8%
5-yr total return298%59%
Dividend safety score72 (B)87 (A)
Fair value estimate$135.81$120.20
Upside to fair value+30%+23%
Frequencyquarterlyquarterly
Market cap$356.7B$9.0B
P/E ratio14.916.5

Higher yield

HSBC

3.60%

Safer dividend

VOYA

Grade A

Faster growth

VOYA

24.8%

Better value

HSBC

+30% upside

HSBC vs VOYA — FAQ

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