HSBC Holdings plc
HSBCFinancial Services · Banks - Diversified · Stock · quarterly payer
Forward Yield
3.97%
Annual Dividend
$3.75
Payout Ratio
54%
5-Yr Growth
-13.8%
Ex-Date
Aug 14, 2026
Frequency
Quarterly
Key facts about HSBC's dividend
Data as of · Source: SmarterDividends data
- As of Oct 19, 2026, HSBC Holdings plc (HSBC) has a forward dividend yield of 3.97%, based on an annual dividend of $3.75 per share and a share price of $94.57.
- As of Oct 19, 2026, HSBC's dividend safety grade from SmarterDividends is B (72 out of 100), which rates the dividend as safe.
- HSBC last cut its regular dividend in 2009.
- HSBC's most recent ex-dividend date was Aug 14, 2026, for a dividend of $0.50 per share.
- As of Oct 19, 2026, HSBC pays out 54% of its trailing 12-month earnings as dividends (its payout ratio).
- HSBC's dividend has shrunk at an average rate of 13.8% a year over the past five years.
- As of Oct 19, 2026, HSBC's 3.97% yield is 33% below its five-year average yield of 5.92%.
- As of Oct 19, 2026, SmarterDividends' blended fair-value estimate for HSBC is $135.99 per share, 44% above the $94.57 share price, so HSBC screens as undervalued.
- HSBC Holdings plc (HSBC) pays its dividend quarterly, 4 times a year.
- HSBC Holdings plc (HSBC) has raised its regular dividend 13 times and cut it 5 times across the 94 payments on record since 1999. Its most recent change was a 67.7% cut to $0.500 per share, going ex-dividend on Aug 16, 2024.
Cite this page
SmarterDividends, "HSBC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 19, 2026, https://smarterdividends.com/stocks/HSBC
Summary
As of Oct 19, 2026, HSBC Holdings plc (HSBC) yields 3.97% ($3.75 a year per share) and has a dividend safety grade of B (72/100).
Is HSBC a good dividend stock?
Yes, with caveatsHSBC Holdings plc (HSBC) pays a quarterly dividend yielding 3.97% ($3.75/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (54%)
- 242% total price return over 5 years
Risks
- Cut its dividend in 2009
- Dividend has been shrinking, not growing
Key Data
- Dividend Yield
- 3.97%
- Payout Ratio
- 54%
- Annual Dividend
- $3.75
- 5-Yr Avg Growth
- -13.8%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.58
- Market Cap
- $323.4B
- P/E Ratio
- 13.5
- 5-Yr Total Return
- 242%
- 52-Week Range
- $65.18 – $107.92
- Dividend Safety
- B · 72/100
- Ever Cut?
- Yes (2009)
HSBC dividend raises and cuts
HSBC Holdings plc (HSBC) has raised its regular dividend 13 times and cut it 5 times across the 94 payments on record since 1999. Its most recent change was a 67.7% cut to $0.500 per share, going ex-dividend on Aug 16, 2024.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 16, 2024 | Cut | $1.55 → $0.500 | −67.7% |
| Mar 7, 2024 | Raise | $0.500 → $1.55 | +210.0% |
| May 11, 2023 | Raise | $0.450 → $0.500 | +11.1% |
| Aug 18, 2022 | Raise | $0.350 → $0.450 | +28.6% |
| Aug 19, 2021 | Cut | $0.500 → $0.350 | −30.0% |
| May 22, 2013 | Raise | $0.450 → $0.500 | +11.1% |
| May 18, 2011 | Raise | $0.400 → $0.450 | +12.5% |
| May 20, 2009 | Cut | $0.500 → $0.400 | −20.0% |
| Mar 18, 2009 | Cut | $0.900 → $0.500 | −44.4% |
| May 21, 2008 | Raise | $0.850 → $0.900 | +5.9% |
| May 16, 2007 | Raise | $0.750 → $0.850 | +13.3% |
| May 17, 2006 | Raise | $0.700 → $0.750 | +7.1% |
Show all 18 changes since 2000
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 18, 2005 | Raise | $0.650 → $0.700 | +7.7% |
| May 19, 2004 | Raise | $0.600 → $0.650 | +8.3% |
| Nov 25, 2003 | Raise | $0.139 → $0.600 | +331.7% |
| Aug 21, 2002 | Cut | $1.06 → $0.139 | −86.8% |
| Aug 22, 2001 | Raise | $0.833 → $1.06 | +26.8% |
| Aug 16, 2000 | Raise | $0.739 → $0.833 | +12.7% |
Frequently Asked Questions
Is HSBC a good dividend stock?
Yes, with caveats. HSBC Holdings plc (HSBC) pays a quarterly dividend yielding 3.97% ($3.75/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Is HSBC undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, HSBC's fair value is about $135.99 versus a $94.57 share price — so it looks undervalued (+44% vs. fair value).
Is HSBC's dividend safe?
HSBC has a dividend-safety grade of B (72/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2009, debt and yield-versus-history.
What is HSBC's fair value?
Our blended fair-value estimate for HSBC is about $135.99 per share, roughly 44% above the current $94.57 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is HSBC a buy, hold, or sell?
We don't issue formal ratings, but on the data HSBC screens as "yes, with caveats" and undervalued. HSBC Holdings plc (HSBC) pays a quarterly dividend yielding 3.97% ($3.75/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will HSBC cut its dividend?
HSBC earns a dividend-safety grade of B (72/100), and has cut its dividend before (last in 2009). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does HSBC pay a dividend?
Yes. HSBC Holdings plc pays a quarterly dividend of about $3.75 per share annually, a forward yield of roughly 3.97%.
What is HSBC's dividend yield?
As of Oct 19, 2026, HSBC's forward dividend yield is 3.97%, based on a $3.75 annual dividend and a $94.57 share price.
What is HSBC's dividend per share?
As of Oct 19, 2026, HSBC pays $3.75 per share per year, distributed on a quarterly basis.
What is HSBC's dividend payout ratio?
As of Oct 19, 2026, HSBC's payout ratio is 54% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has HSBC grown its dividend?
HSBC does not currently have a long dividend-growth streak on record.
When is the next HSBC ex-dividend date?
As of Oct 19, 2026, HSBC's next ex-dividend date hasn't been announced. The most recent was Aug 14, 2026, for $0.50 per share.
HSBC Price — Last 12 Months
Daily close
Price Return
1 Year
+33%
3 Years
+146%
5 Years
+242%
52-Week Range
$65.18 – $107.92
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is HSBC worth?
Undervaluedmedium confidenceOur blended fair-value estimate for HSBC Holdings plc is $135.99 per share, versus a market price of $94.57. That implies 44% of upside — a margin of safety of about 30%.
Fair Value
$135.99
Current Price
$94.57
Upside
+44%
Margin of Safety
30%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 8.0% discount rate (CAPM), 9.4% growth for five years fading to 2.5% over the next five, $7.00 EPS, $3.75 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
HSBC Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full HSBC dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | Sep 25, 2026 | $0.5000 | regular |
| May 15, 2026 | Jun 26, 2026 | $0.5000 | regular |
| Mar 13, 2026 | Apr 30, 2026 | $2.2500 | regular |
| Nov 7, 2025 | Dec 18, 2025 | $0.5000 | regular |
| Aug 15, 2025 | Sep 26, 2025 | $0.5000 | regular |
| May 9, 2025 | Jun 20, 2025 | $0.5000 | regular |
| Mar 7, 2025 | Apr 25, 2025 | $1.8000 | regular |
| Nov 8, 2024 | Dec 19, 2024 | $0.5000 | regular |
| Aug 16, 2024 | Sep 27, 2024 | $0.5000 | regular |
| May 9, 2024 | Jun 21, 2024 | $1.5500 | regular |
| Mar 7, 2024 | Apr 25, 2024 | $1.5500 | regular |
| Nov 9, 2023 | Dec 21, 2023 | $0.5000 | regular |
| Aug 10, 2023 | Sep 21, 2023 | $0.5000 | regular |
| May 11, 2023 | Jun 23, 2023 | $0.5000 | regular |
Income Calculator
At $3.75 / yr per share
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