HSBC Holdings plc (NYSE:HSBC) Declares Dividend of $0.50

HSBC Holdings plc (NYSE:HSBC - Get Free Report) announced a dividend on Saturday, May 3rd, investing.com reports. Stockholders of record on Monday, May 12th will be given a dividend of 0.495 per share by the financial services provider on Friday, June 20th. This represents a dividend yield of 3.5%. The ex-dividend date is Friday, May 9th.

HSBC has raised its dividend payment by an average of 40.5% annually over the last three years. HSBC has a payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect HSBC to earn $7.12 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 28.1%.

HSBC Stock Performance

NYSE:HSBC traded down $0.03 during mid-day trading on Tuesday, reaching $56.65. The stock had a trading volume of 1,276,131 shares, compared to its average volume of 1,739,833. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. The business has a 50 day simple moving average of $55.29 and a 200 day simple moving average of $51.47. HSBC has a twelve month low of $39.42 and a twelve month high of $61.88. The firm has a market capitalization of $200.25 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 1.05 and a beta of 0.53.

HSBC (NYSE:HSBC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.35. HSBC had a return on equity of 12.20% and a net margin of 16.17%. The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $16.60 billion. On average, analysts expect that HSBC will post 6.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HSBC has been the topic of several research reports. Royal Bank of Canada reissued a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft cut shares of HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. UBS Group reiterated a "neutral" rating on shares of HSBC in a research report on Thursday, March 6th. StockNews.com upgraded HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Finally, Barclays raised HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, HSBC has an average rating of "Moderate Buy".

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.