HSBC Holdings plc (HSBC) to Issue Quarterly Dividend of $0.50 on June 21st

HSBC Holdings plc (NYSE:HSBC) declared a quarterly dividend on Tuesday, April 30th, 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 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Thursday, May 9th.

HSBC has raised its dividend payment by an average of 36.2% per year over the last three years and has increased 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. Research analysts expect HSBC to earn $6.43 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 96.4%.

HSBC Trading Up 2.1 %

HSBC traded up $0.90 during midday trading on Thursday, reaching $44.55. 282,596 shares of the company were exchanged, compared to its average volume of 2,215,146. HSBC has a one year low of $35.30 and a one year high of $44.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $168.47 billion, a P/E ratio of 7.53, a PEG ratio of 1.03 and a beta of 0.58. The stock’s 50-day simple moving average is $39.74 and its 200 day simple moving average is $39.19.

HSBC (NYSE:HSBC) last released 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 net margin of 16.13% and a return on equity of 10.90%. The business had revenue of $13.02 billion for the quarter. As a group, analysts forecast that HSBC will post 7.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on HSBC. Barclays reiterated an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. BNP Paribas downgraded HSBC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $811.00.

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.