2. HSBC Holdings plc (NYSE:HSBC)
Dividend Yield as of December 29: 6.19%
HSBC Holdings plc (NYSE:HSBC) is a financial services company, based in London. The company serves millions of customers through its different businesses. HSBC’s stock has experienced a significant increase, driven by its ambitious restructuring initiatives and strong third-quarter results, which have positioned the bank for sustained growth. Through these strategic efforts, HSBC is not only optimizing its operations but also laying the groundwork for future expansion. In the past 12 months, the stock has surged by over 22%.
HSBC Holdings plc (NYSE:HSBC), although a globally diversified company, derives a significant portion of its revenue from Asia, which accounts for about half of its total earnings. The rest of its income comes from various global markets, primarily through services like commercial banking and wealth management. Recently, the company has made efforts to deepen its focus on the Asian region.
For the third quarter, HSBC Holdings plc (NYSE:HSBC) reported revenue of $17 billion, reflecting a $1.1 billion increase from the same period last year and a $0.3 billion rise from the previous quarter, indicating positive business momentum. In addition, the bank announced $4.8 billion in shareholder returns, which includes a third interim dividend of $0.10 per share and a share buyback of up to $3 billion, expected to be completed by the time of the full-year results in February. Given its steady performance in Q3 and its relatively low price-to-earnings ratio, the stock appears undervalued and poised for growth.
HSBC Holdings plc (NYSE:HSBC), one of the best FTSE dividend stocks, has been making regular dividend payments to shareholders since 1997. It declared its third interim dividend of $0.10 in October, payable to shareholders on record on December 19. The stock has a dividend yield of 6.19%, as of December 29.
HSBC Holdings plc (NYSE:HSBC) was included in 14 hedge fund portfolios at the end of Q3 2024, the same as in the previous quarter, according to Insider Monkey’s database. The stakes owned by these funds have a total value of over $98 million.
