Hanover Bancorp (Hanover Bancorp) Dividend Payout Ratio : 0.19 (As of Dec. 2023)

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What is Hanover Bancorp Dividend Payout Ratio?

Hanover Bancorp's dividend payout ratio for the months ended in Dec. 2023 was 0.19.

The historical rank and industry rank for Hanover Bancorp's Dividend Payout Ratio or its related term are showing as below:

HNVR' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.05 Med: 0.13 Max: 0.21
Current: 0.21

During the past 4 years, the highest Dividend Payout Ratio of Hanover Bancorp was 0.21. The lowest was 0.05. And the median was 0.13.

HNVR's Dividend Payout Ratio is ranked better than
77.22% of 1093 companies
in the Banks industry
Industry Median: 0.35 vs HNVR: 0.21

As of today (2024-05-13), the Dividend Yield % of Hanover Bancorp is 2.42%.

During the past 4 years, the highest Trailing Annual Dividend Yield of Hanover Bancorp was 2.83%. The lowest was 0.48%. And the median was 2.20%.

Hanover Bancorp's Dividends per Share for the months ended in Dec. 2023 was $0.10.

During the past 12 months, Hanover Bancorp's average Dividends Per Share Growth Rate was 33.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Hanover Bancorp Dividend Payout Ratio Historical Data

The historical data trend for Hanover Bancorp's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hanover Bancorp Dividend Payout Ratio Chart

Hanover Bancorp Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Dividend Payout Ratio

0.05

0.20

Hanover Bancorp Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial												0.23	0.24	0.26	0.19	0.18

Competitive Comparison of Hanover Bancorp's Dividend Payout Ratio

For the Banks - Regional subindustry, Hanover Bancorp's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hanover Bancorp's Dividend Payout Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Hanover Bancorp's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Hanover Bancorp's Dividend Payout Ratio falls into.

Hanover Bancorp Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Hanover Bancorp's Dividend Payout Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Sep. 2023 )	/	EPS without NRI (A: Sep. 2023 )
	=	0.4	/	2
	=	0.20

Hanover Bancorp's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.1	/	0.54
	=	0.19

Hanover Bancorp (NAS:HNVR) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Hanover Bancorp Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Hanover Bancorp's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Hanover Bancorp (Hanover Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hanover Bancorp Inc (NAS:HNVR) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 East Jericho Turnpike, Mineola, NY, USA, 11501

Website

https://www.hanoverbank.com

Hanover Bancorp Inc is a United States-based banking company. It offers a full range of financial services and employs a complete suite of consumer and commercial banking products and services, including multi-family and commercial mortgages, residential loans, business loans, and lines of credit.

Executives

Philip A Okun	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Elena Sisti	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
John P Vivona	officer: FSVP & Chief Risk Officer	C/O HANOVER BANCORP, INC., 80 E JERICHO TURNPIKE, MINEOLA NY 11501
Katz Michael David M.d.	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Alice T Rouse	officer: EVP & Chief Risk Officer	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Kevin Corbett	officer: EVP & Chief Credit Officer	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Mcclelland W Wilcox	officer: SEVP, C.Lending & Revenue Off.	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
John R Sorrenti	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Metin Negrin	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Ahron H Haspel	director	220 EAST 65TH STREET, APT. 24G, NEW YORK NY 10065-6629
Lance P Burke	officer: EVP & Chief Financial Officer	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Lisa A Diiorio	officer: FSVP & Chief Accounting Off.	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Varkey Abraham	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Robert Golden	director	C/O GOLDEN PROPERTIES GROUP, LLC, 420 DOUGHTY BLVD., INWOOD NY 11096
Brian K Finneran	officer: President	C/O SUFFOLK BANCORP, 4 WEST SECOND STREET, P.O. BOX 9000, RIVERHEAD NY 11901