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HNVR Hanover Bancorp dividend history, payout ratio & dates

Hanover Bancorp's latest dividend of $0.1 per share was on Nov 6, 2024 (ex-date). The annualized dividend distribution of $0.4 per share represents a current dividend yield of 1.58%.

Key dates

  • HNVR last dividend date: Nov 6, 2024
HNVR dividend stats
DPS
$0.4
Dividend yield
1.58%
Payout ratio
24.2%
vs. Financial Services sector
Dividend yield
2.59%
Payout ratio
44.9%

Dividend yield

What is Hanover Bancorp current dividend yield

Hanover Bancorp's dividend yield of 1.58% is lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 2.59%, Hanover Bancorp's dividend yield is 39% lower.

Dividend history

What is HNVR dividend payout history and dates

Hanover Bancorp has a history of paying dividends since 2022. Our records of HNVR show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has remained the same since twelve months ago. But with the price of the stock up by 43% from a year ago, the dividend yield has a decrease of 30%.

Recent dividends

Ex-date Amount Yield (TTM)
Nov 6, 2024 $0.1 1.97%
Aug 7, 2024 $0.1 2.31%
May 7, 2024 $0.1 2.41%
Feb 6, 2024 $0.1 2.26%
Nov 7, 2023 $0.1 2.25%
Aug 8, 2023 $0.1 2.18%
May 9, 2023 $0.1 2.79%
Feb 6, 2023 $0.1 2.06%
Nov 7, 2022 $0.1 1.52%
Aug 8, 2022 $0.1 1%
Jun 17, 2022 $0.1 0.51%

Hanover Bancorp dividend payout ratio

What is Hanover Bancorp dividend payout ratio compared to the sector

Payout ratio

Hanover Bancorp's payout ratio of 24.2% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 44.9%, Hanover Bancorp's payout ratio is 46% lower.

Total amount of dividends paid per financial year (from cash flow)

HNVR dividend vs peer dividends

How does HNVR dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
WASH Washington Trust Bancorp Inc 6.15% $2.24 83.9%
NWBI Northwest Bancshares Inc 5.53% $0.8 105.3%
CZNC Citizens & Northern Corp 5.45% $1.12 77.8%
FISI Financial Institutions Inc 4.49% $1.2 37.4%
TRST Trustco Bank Corp N Y 3.94% $1.44 57.8%
CAC Camden National Corp 3.59% $1.68 52.2%
TMP Tompkins Financial Corp 3.19% $2.44 52.5%
UVSP UNIVEST FINANCIAL Corp 2.61% $0.84 33.5%
CCNE Cnb Financial Corp 2.56% $0.71 30.2%
HNVR Hanover Bancorp Inc 1.58% $0.4 24.2%

Frequently asked questions

Does Hanover Bancorp pay a dividend?

Yes, Hanover Bancorp has paid four dividends in the last twelve months. HNVR has been paying dividends since 2022.

When was HNVR's last dividend?

Hanover Bancorp's last dividend ex-date was on Nov 6, 2024. The dividend amount was $0.1 per share.

How much dividend does Hanover Bancorp pay (per share)?

HNVR has paid dividend of $0.4 per share in the last year.

What is Hanover Bancorp's dividend yield?

The current dividend yield of Hanover Bancorp is 1.58%.

How often does Hanover Bancorp pay dividends?

Hanover Bancorp pays four dividends per year.

What is Hanover Bancorp's dividend payout ratio?

Hanover Bancorp's dividend payout ratio is 24.2%.

Does Hanover Bancorp pay a good dividend?

Hanover Bancorp's dividend yield is lower than the Financial Services sector average.

Special dividends are included in TTM DPS and yield. Data from and Sharadar.