HSBC Holdings plc (NYSE:HSBC - Get Free Report) declared a quarterly dividend on Wednesday, May 1st, Wall Street Journal reports. Shareholders of record on Friday, May 10th will be paid a dividend of 0.50 per share by the financial services provider on Friday, June 21st. This represents a $2.00 annualized dividend and a yield of 4.58%. The ex-dividend date is Thursday, May 9th.
HSBC has increased its dividend payment by an average of 36.2% annually over the last three years and has raised its dividend every year for the last 1 years. HSBC has a dividend payout ratio of 102.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect HSBC to earn $6.33 per share next year, which means the company should continue to be able to cover its $6.20 annual dividend with an expected future payout ratio of 97.9%.
HSBC Stock Performance
NYSE HSBC traded up $0.07 during trading on Wednesday, hitting $43.65. The company's stock had a trading volume of 2,262,404 shares, compared to its average volume of 2,239,066. HSBC has a 52 week low of $35.30 and a 52 week high of $44.23. The firm has a market cap of $165.07 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 0.99 and a beta of 0.63. The firm has a 50 day moving average price of $39.74 and a 200 day moving average price of $39.19. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.62.
HSBC (NYSE:HSBC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.33). HSBC had a return on equity of 12.89% and a net margin of 19.02%. The firm had revenue of $13.02 billion for the quarter. Equities research analysts forecast that HSBC will post 7.24 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. BNP Paribas lowered HSBC from a "neutral" rating to an "underperform" rating in a report on Tuesday, January 16th. Barclays reissued an "equal weight" rating on shares of HSBC in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, HSBC presently has an average rating of "Hold" and a consensus target price of $811.00.
Read Our Latest Stock Report on HSBC
About HSBC
(
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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.
Further Reading
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