Hanover Bancorp Dividends and Buybacks
Dividend criteria checks 3/6
Hanover Bancorp is a dividend paying company with a current yield of 1.76% that is well covered by earnings.
Key information
1.8%
Dividend yield
0.4%
Buyback Yield
| Total Shareholder Yield | 2.1% |
| Future Dividend Yield | 1.8% |
| Dividend Growth | 17.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | US$0.400 |
| Payout ratio | 27% |
Recent dividend and buyback updates
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) | 1.8% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Banks) | 2.5% |
| Analyst forecast (HNVR) (up to 3 years) | 1.8% |
Notable Dividend: HNVR's dividend (1.76%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: HNVR's dividend (1.76%) is low compared to the top 25% of dividend payers in the US market (4.32%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (26.9%), HNVR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HNVR's dividends in 3 years are forecast to be thoroughly covered by earnings (13.1% payout ratio).