HSBC Holdings plc (NYSE:HSBC) Announces $0.50 Quarterly Dividend

HSBC Holdings plc (NYSE:HSBC) declared a quarterly dividend on Tuesday, October 29th, Wall Street Journal reports. Shareholders of record on Friday, November 8th will be given a dividend of 0.50 per share by the financial services provider on Thursday, December 19th. This represents a $2.00 annualized dividend and a yield of 4.32%. The ex-dividend date is Friday, November 8th.

HSBC has raised its dividend payment by an average of 36.2% annually over the last three years. HSBC has a dividend payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect HSBC to earn $6.30 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 31.7%.

HSBC Stock Performance

HSBC opened at $46.25 on Thursday. HSBC has a twelve month low of $36.02 and a twelve month high of $47.26. The stock has a market cap of $173.46 billion, a PE ratio of 7.97 and a beta of 0.56. The business’s 50 day moving average is $44.36 and its 200-day moving average is $43.64. The company has a current ratio of 0.89, a quick ratio of 0.96 and a debt-to-equity ratio of 0.65.

HSBC (NYSE:HSBC) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. The firm had revenue of $16.54 billion for the quarter. On average, analysts predict that HSBC will post 6.22 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Dbs Bank upgraded shares of HSBC to a “strong-buy” rating in a research note on Wednesday, July 31st.

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.