Andover Bancorp Dividends and Buybacks
Dividend criteria checks 2/6
Andover Bancorp is a dividend paying company with a current yield of 3.8% 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 | 5.6% |
| Future Dividend Yield | n/a |
| Dividend Growth | 1.7% |
| 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
Upcoming Dividend Payment
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 |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (ANDC) | 3.8% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Banks) | 2.5% |
| Analyst forecast (ANDC) (up to 3 years) | n/a |
Notable Dividend: ANDC's dividend (3.8%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: ANDC's dividend (3.8%) is low compared to the top 25% of dividend payers in the US market (4.21%).
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.