Hanover Bancorp Dividend
What is Hanover Bancorp current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend 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 |
|---|
| Segment | Dividend 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
| Month | Dividend Per Share (annual) | Avg. Yield (%) |
|---|---|---|
| 9/30/2024 | 0.4 | 1 |
| 9/30/2023 | 0.4 | 1 |
| 1/20/2023 | 0.4 | 2.04 |
| 10/27/2022 | 0.4 | 2 |
| 7/28/2022 | 0.4 | 2.01 |
| 6/1/2022 | 0.4 | 1.98 |
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.