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


Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


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 (%)

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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