Hanover Bancorp, Inc.

NasdaqGS:HNVR Stock Report

Mkt Cap: US$140.0m

Hanover Bancorp Dividend

What is Hanover Bancorp current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.04%

Current Dividend Yield

Dividend Yield vs Market

Hanover Bancorp Dividend Yield vs Market
How does HNVR dividend yield compare to the market?
SegmentDividend Yield
Company (HNVR)2.0%
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

How stable has Hanover Bancorp's dividend per share been in the past?
MonthDividend Per Share (annual)Avg. Yield (%)
9/30/20240.41
9/30/20230.41
1/20/20230.42.04
10/27/20220.42
7/28/20220.42.01
6/1/20220.41.98

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.


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