NMS · Dividend

Hanover Bancorp, Inc. (HNVR) Dividend

$23.88 NMS: HNVR Market Cap $168.48M

Metric	Value
Dividend Yield	1.56%
Indicated Annual Dividend	$0.37
Payout Ratio	31.39%
FCF Yield	—
Current Price	$23.88

Dividend Analysis

Hanover Bancorp, Inc. (HNVR) currently pays a dividend yielding 1.56%, an indicated annual rate of roughly $0.37 per share. The payout ratio is 31.39%, meaning less than 40% of reported earnings were paid out as dividends.

Hanover Bancorp, Inc. pays quarterly; the payout ratio is 31.4% of earnings; free cash flow yield of 0.00% is below the 1.56% dividend yield, so the dividend is not fully covered by free cash flow at the current price.

Payment schedule

Measure	Value
Indicated annual dividendYield times the current share price.	$0.37
Dividend yieldAnnual dividend as a percentage of the share price.	1.56%
Payments per yearThis stock pays quarterly.	4
Amount per paymentIndicated annual dividend divided by the number of payments.	$0.09

Dividend income by amount invested

At today's price and the current indicated dividend. Shares are not rounded to whole numbers, and a future dividend is never guaranteed.

Invested	Shares	Income per year	Per payment
$1,000	41.9	$15.60	$3.90
$5,000	209.4	$78.00	$19.50
$10,000	418.8	$156.00	$39.00
$25,000	1046.9	$390.00	$97.50
$50,000	2093.8	$780.00	$195.00

Yield across the 52-week range

Yield moves opposite the share price. Holding the current dividend constant, this is what the yield would have been at each end of the last year's range.

Share price	Price	Yield
At the 52-week high	$27.94	1.33%
Today	$23.88	1.56%
At the 52-week low	$19.91	1.87%

Dividend yield against peers

Hanover Bancorp, Inc. ranks 3 of 6 by dividend yield among these companies; 2 yield more.

Company	Yield	P/E	Price
First Capital, Inc. (FCAP)	2.03%	11.37	$63.35
Citizens Community Bancorp, Inc. (CZWI)	1.97%	16.26	$21.42
Hanover Bancorp, Inc. (HNVR)	1.56%	20.12	$23.88
CF Bankshares Inc. (CFBK)	1.05%	12.04	$34.48
BV Financial, Inc. (BVFL)	0.00%	13.97	$22.05
ECB Bancorp, Inc. (ECBK)	0.00%	14.39	$21.66