Andover Bancorp Dividends and Buybacks

Dividend criteria checks 2/6

Andover Bancorp is a dividend paying company with a current yield of 3.75% that is well covered by earnings. Next payment date is on 2nd January, 2025 with an ex-dividend date of 11th December, 2024.

Key information

3.8%

Dividend yield

1.8%

Buyback Yield

Total Shareholder Yield	5.5%
Future Dividend Yield	n/a
Dividend Growth	1.6%
Next dividend pay date	02 Jan 25
Ex dividend date	11 Dec 24
Dividend per share	US$0.750
Payout ratio	42%

Recent dividend and buyback updates

No updates

Recent updates

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Whilst dividend payments have been stable, ANDC has been paying a dividend for less than 10 years.

Growing Dividend: ANDC's dividend payments have increased, but the company has only paid a dividend for 7 years.

Dividend Yield vs Market

Andover Bancorp Dividend Yield vs Market

How does ANDC dividend yield compare to the market?
Segment	Dividend Yield
Company (ANDC)	3.8%
Market Bottom 25% (US)	1.4%
Market Top 25% (US)	4.5%
Industry Average (Banks)	2.7%
Analyst forecast (ANDC) (up to 3 years)	n/a

Notable Dividend: ANDC's dividend (3.75%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: ANDC's dividend (3.75%) is low compared to the top 25% of dividend payers in the US market (4.5%).

Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (41.6%), ANDC'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.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 01:46
End of Day Share Price	2024/12/19 00:00
Earnings	2023/12/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Andover Bancorp, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution