HSBC Holdings plc (NYSE:HSBC) to Issue Quarterly Dividend of $0.50

HSBC Holdings plc (NYSE:HSBC) declared a quarterly dividend on Wednesday, October 30th, Wall Street Journal reports. Stockholders of record on Friday, November 8th will be paid 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 dividend yield of 4.33%. The ex-dividend date is Friday, November 8th.

HSBC has increased its dividend payment by an average of 36.2% annually over the last three years. HSBC has a payout ratio of 32.2% meaning its dividend is sufficiently covered by earnings. 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 Down 0.5 %

HSBC stock traded down $0.21 during midday trading on Wednesday, hitting $46.23. The company’s stock had a trading volume of 1,494,117 shares, compared to its average volume of 1,721,692. The company’s fifty day moving average price is $44.30 and its 200 day moving average price is $43.62. HSBC has a twelve month low of $36.02 and a twelve month high of $47.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.89 and a quick ratio of 0.96. The stock has a market capitalization of $173.40 billion, a P/E ratio of 7.98 and a beta of 0.56.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.65 EPS for the quarter. The firm had revenue of $16.54 billion during the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. As a group, equities research analysts predict that HSBC will post 6.22 EPS 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.

About HSBC

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.