HSBC vs WDH: Which Is the Better Dividend Stock?
As of Oct 18, 2026, HSBC (HSBC Holdings plc) screens as the stronger dividend stock, winning 3 of 5 head-to-head metrics. WDH offers the higher yield at 5.94%, HSBC 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 WDH
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Waterdrop Inc. (WDH) has the higher forward dividend yield at 5.94%, versus 3.97% for HSBC Holdings plc (HSBC).
- As of Oct 18, 2026, HSBC pays out 54% of its earnings as dividends and WDH pays out 31%.
- As of Oct 18, 2026, HSBC's fair-value estimate is 44% above its share price and WDH's fair-value estimate is 36% above its share price, so HSBC looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs WDH: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/hsbc-vs-wdh
| Metric | HSBC | WDH |
|---|---|---|
| Forward yield | 3.97% | 5.94% |
| Annual dividend | $3.75 | $0.06 |
| Payout ratio | 54% | 31% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -13.8% | — |
| 5-yr total return | 242% | -33% |
| Dividend safety score | 72 (B) | — |
| Fair value estimate | $135.99 | $1.37 |
| Upside to fair value | +44% | +36% |
| Frequency | quarterly | semiannual |
| Market cap | $323.4B | $362.9M |
| P/E ratio | 13.5 | 5.0 |
Higher yield
WDH
5.94%
Safer dividend
HSBC
Grade B
Faster growth
HSBC
-13.8%
Better value
HSBC
+44% upside
HSBC vs WDH — FAQ
Is HSBC or WDH a better dividend stock?
On the data, HSBC wins more head-to-head categories (3 vs 2). WDH offers the higher yield (5.94%), while HSBC 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 WDH?
WDH has the higher forward dividend yield at 5.94%, versus 3.97% for HSBC.
Is HSBC or WDH safer?
Compare each stock's payout ratio, growth streak and cut history on its detail page to judge safety.
Is HSBC or WDH 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 WDH, its fair-value estimate is 36% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.