Hanover Bancorp Dividend
Dividend criteria checks 2/6
Hanover Bancorp is a dividend paying company with a current yield of 2.44% that is well covered by earnings. Next payment date is on 15th May, 2024 with an ex-dividend date of 7th May, 2024.
Key information
2.4%
Dividend yield
20%
Payout ratio
| Industry average yield | 3.0% |
| Next dividend pay date | 15 May 24 |
| Ex dividend date | 07 May 24 |
| Dividend per share | n/a |
| Earnings per share | US$1.95 |
| Dividend yield forecast in 3Y | 2.4% |
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, HNVR has been paying a dividend for less than 10 years.
Growing Dividend: HNVR has only been paying a dividend for 2 years, and since then payments have not increased.
Dividend Yield vs Market
| Hanover Bancorp Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (HNVR) | 2.4% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.7% |
| Industry Average (Banks) | 3.0% |
| Analyst forecast in 3 Years (HNVR) | 2.4% |
Notable Dividend: HNVR's dividend (2.44%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: HNVR's dividend (2.44%) is low compared to the top 25% of dividend payers in the US market (4.7%).
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (20.3%), HNVR's dividend payments are well 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.