Hanover Bancorp Dividend
What is Hanover Bancorp current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
|Hanover Bancorp Dividend Yield vs Market|
|Market Bottom 25% (US)||1.6%|
|Market Top 25% (US)||4.3%|
|Industry Average (Banks)||3.1%|
|Analyst forecast in 3 Years (HNVR)||2.0%|
Notable Dividend: HNVR's dividend (2.04%) is higher than the bottom 25% of dividend payers in the US market (1.56%).
High Dividend: HNVR's dividend (2.04%) is low compared to the top 25% of dividend payers in the US market (4.32%).
Stability and Growth of Payments
|Month||Dividend Per Share (annual)||Avg. Yield (%)|
Stable Dividend: Too early to tell whether HNVR's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if HNVR's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (5.4%), HNVR's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.