HSBC vs SBI: Which Is the Better Dividend Stock?
As of September 2026, HSBC and SBI are closely matched. SBI offers the higher yield at 6.96%, HSBC has the higher dividend-safety score, and SBI trades at the larger discount to fair value (+75%).
| Metric | HSBC | SBI |
|---|---|---|
| Forward yield | 3.63% | 6.96% |
| Annual dividend | $3.75 | $0.50 |
| Payout ratio | 54% | 83% |
| Years of growth | 0 yr | 3 yr |
| 5-yr dividend growth | -13.8% | 11.8% |
| 5-yr total return | 239% | -24% |
| Dividend safety score | 72 (B) | 64 (C) |
| Fair value estimate | $138.49 | $12.75 |
| Upside to fair value | +36% | +75% |
| Frequency | quarterly | monthly |
| Market cap | $347.7B | $102.1M |
| P/E ratio | 14.7 | 11.9 |
Higher yield
SBI
6.96%
Safer dividend
HSBC
Grade B
Faster growth
SBI
11.8%
Better value
SBI
+75% upside
HSBC vs SBI — FAQ
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