HSBC vs ZION: Which Is the Better Dividend Stock?
As of Oct 18, 2026, ZION (Zions Bancorporation, National Association) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. HSBC offers the higher yield at 3.97%, ZION has the higher dividend-safety score, and ZION looks like the better value (its fair-value estimate is 91% above its share price).
Key facts: HSBC vs ZION
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 3.03% for Zions Bancorporation, National Association (ZION).
- As of Oct 18, 2026, SmarterDividends grades HSBC's dividend safety B (72/100) and ZION's A (90/100).
- By SmarterDividends' count as of Oct 18, 2026, HSBC has raised its dividend for 0 consecutive years and ZION for 13.
- As of Oct 18, 2026, HSBC pays out 54% of its earnings as dividends and ZION pays out 23%.
- As of Oct 18, 2026, HSBC's fair-value estimate is 44% above its share price and ZION's fair-value estimate is 91% above its share price, so ZION looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HSBC vs ZION: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/hsbc-vs-zion
| Metric | HSBC | ZION |
|---|---|---|
| Forward yield | 3.97% | 3.03% |
| Annual dividend | $3.75 | $1.92 |
| Payout ratio | 54% | 23% |
| Years of growth | 0 yr | 13 yr |
| 5-yr dividend growth | -13.8% | 5.3% |
| 5-yr total return | 242% | 0% |
| Dividend safety score | 72 (B) | 90 (A) |
| Fair value estimate | $135.99 | $120.84 |
| Upside to fair value | +44% | +91% |
| Frequency | quarterly | quarterly |
| Market cap | $323.4B | $9.2B |
| P/E ratio | 13.5 | 8.1 |
Higher yield
HSBC
3.97%
Safer dividend
ZION
Grade A
Faster growth
ZION
5.3%
Better value
ZION
+91% upside
HSBC vs ZION — FAQ
Is HSBC or ZION a better dividend stock?
On the data, ZION wins more head-to-head categories (5 vs 3). HSBC offers the higher yield (3.97%), while ZION 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 ZION?
HSBC has the higher forward dividend yield at 3.97%, versus 3.03% for ZION.
Is HSBC or ZION safer?
ZION has the higher dividend-safety score (90/100 vs 72/100), reflecting stronger payout coverage and dividend-growth history.
Is HSBC or ZION better value right now?
As of Oct 18, 2026, ZION looks like the better value: its fair-value estimate is 91% above its share price (undervalued). For HSBC, its fair-value estimate is 44% above its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.