HSBC (HBC) is a brand name you have likely heard of but might have assumed was a domestic company. Not so. It’s based in the U.K. and, as you might have guessed, handles the full spectrum of financial services.
HSBC goes beyond banking, and into mortgages, credit cards, payment services, investment products, asset management, commercial banking, and offers all manner of capital and treasury services. And the company’s presence extends across 81 countries and 6,600 offices.
This financial dividend stock doesn’t lack for size — it generates well over $66 billion in revenue every year, it has tremendous liquidity and has that all-important brand name.
Meanwhile, HSBC pays out more than 4% in dividends, usually distributed via three smaller dividends and one larger dividend.