HSBC Holdings plc (NYSE:HSBC) Shares Will Pay Quarterly Dividend of $0.50

HSBC Holdings plc (NYSE:HSBC) declared a quarterly dividend on Wednesday, October 14th. Investors of record on Friday, November 6th will be paid a dividend of $0.50 per share by the financial services provider on Thursday, December 17th. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, November 6th.

HSBC has increased its dividend by an average of 0.3% per year over the last three years. HSBC has a dividend payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HSBC to earn $9.66 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 20.5%.

HSBC Trading Down 1.5%

HSBC opened at $84.60 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53. The firm has a market cap of $290.06 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 0.94 and a beta of 0.56. HSBC has a 12 month low of $67.56 and a 12 month high of $107.92. The stock has a fifty day moving average price of $97.71 and a 200-day moving average price of $93.36.

HSBC (NYSE:HSBC) last announced its earnings results on Tuesday, October 27th. The financial services provider reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.10). The firm had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $18.98 billion. HSBC had a return on equity of 14.33% and a net margin of 19.59%. As a group, equities research analysts anticipate that HSBC will post 8.41 earnings per share for the current fiscal year.

About HSBC

HSBC Holdings plc is a global banking and financial services company headquartered in London. Its principal subsidiary, The Hongkong and Shanghai Banking Corporation, was established in 1865 to facilitate trade between Europe and Asia. HSBC’s shares trade on the New York Stock Exchange in the form of American depositary receipts under the symbol HSBC.

The company provides personal and wealth banking, commercial banking, corporate and institutional banking, investment banking, global markets, and asset management services.