HSBC vs VOYA: Which Is the Better Dividend Stock?
As of Oct 18, 2026, HSBC and VOYA are closely matched. HSBC offers the higher yield at 3.97%, VOYA has the higher dividend-safety score, and HSBC looks like the better value (its fair-value estimate is 44% above its share price).
Key facts: HSBC vs VOYA
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, HSBC Holdings plc (HSBC) has the higher forward dividend yield at 3.97%, versus 2.00% for Voya Financial, Inc. (VOYA).
- As of Oct 18, 2026, SmarterDividends grades HSBC's dividend safety B (72/100) and VOYA's A (87/100).
- By SmarterDividends' count as of Oct 18, 2026, HSBC has raised its dividend for 0 consecutive years and VOYA for 7.
- As of Oct 18, 2026, HSBC pays out 54% of its earnings as dividends and VOYA pays out 31%.
- As of Oct 18, 2026, HSBC's fair-value estimate is 44% above its share price and VOYA's fair-value estimate is 2% above its share price, so HSBC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs VOYA: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/hsbc-vs-voya
| Metric | HSBC | VOYA |
|---|---|---|
| Forward yield | 3.97% | 2.00% |
| Annual dividend | $3.75 | $1.88 |
| Payout ratio | 54% | 31% |
| Years of growth | 0 yr | 7 yr |
| 5-yr dividend growth | -13.8% | 24.8% |
| 5-yr total return | 242% | 51% |
| Dividend safety score | 72 (B) | 87 (A) |
| Fair value estimate | $135.99 | $96.21 |
| Upside to fair value | +44% | +2% |
| Frequency | quarterly | quarterly |
| Market cap | $323.4B | $8.5B |
| P/E ratio | 13.5 | 15.8 |
Higher yield
HSBC
3.97%
Safer dividend
VOYA
Grade A
Faster growth
VOYA
24.8%
Better value
HSBC
+44% upside
HSBC vs VOYA — FAQ
Is HSBC or VOYA a better dividend stock?
HSBC and VOYA are closely matched. HSBC has the higher yield; VOYA scores better on safety.
Which has a higher dividend yield, HSBC or VOYA?
HSBC has the higher forward dividend yield at 3.97%, versus 2.00% for VOYA.
Is HSBC or VOYA safer?
VOYA has the higher dividend-safety score (87/100 vs 72/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or VOYA better value right now?
As of Oct 18, 2026, HSBC looks like the better value: its fair-value estimate is 44% above its share price (undervalued). For VOYA, its fair-value estimate is 2% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.