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Hanover Bancorp, Inc. operates as the bank holding company for Hanover Community Bank that provides banking products and services for small and medium-sized businesses, municipalities, and individuals in the New York metro area. The company offers checking, savings, money market, NOW, and individual retirement accounts, as well as certificates of deposits and time deposits; cards; and residential and commercial real estate mortgages, commercial and industrial loans, lines of credit, and small business administration loans, as well as home equity, multi-family, business, bridge, and other personal purpose loans. It operates branch offices located in Manhattan, Brooklyn, Queens, and Nassau County, New York; and administrative office in Suffolk County, New York. The company was founded in 2008 and is headquartered in Mineola, New York.

Hanover Bancorp Dividend Announcement

Hanover Bancorp announced a quarterly dividend of $0.10 per ordinary share which will be made payable on 2024-11-13. Ex dividend date: 2024-11-06
Hanover Bancorp annual dividend for 2024 was $0.40
Hanover Bancorp annual dividend for 2023 was $0.40
Hanover Bancorp's trailing twelve-month (TTM) dividend yield is 1.58%
Hanover Bancorp's payout ratio for the trailing twelve months (TTM) is 24.16%

Hanover Bancorp Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-11-06$0.10quarterly2024-11-13
2024-08-07$0.10quarterly2024-08-14
2024-05-07$0.10quarterly2024-05-15
2024-02-06$0.10quarterly2024-02-14
2023-11-07$0.10quarterly2023-11-15
2023-08-08$0.10quarterly2023-08-16
2023-05-09$0.10quarterly2023-05-17
2023-02-06$0.10quarterly2023-02-14
2022-11-07$0.10quarterly2022-11-15
2022-08-08$0.10quarterly2022-08-16
2022-06-17$0.10quarterly2022-06-28

Hanover Bancorp Dividend per year

Hanover Bancorp Dividend growth

Hanover Bancorp Dividend Yield

Hanover Bancorp current trailing twelve-month (TTM) dividend yield is 1.58%. Interested in purchasing Hanover Bancorp stock? Use our calculator to estimate your expected dividend yield:

Hanover Bancorp Financial Ratios

P/E ratio15.41
PEG ratio0.24
P/B ratio0.98
ROE6.45%
Payout ratio24.16%
Current ratio0.18
Quick ratio0.18
Cash Ratio0.10

Hanover Bancorp Dividend FAQ

How much is the next Hanover Bancorp dividend?
Hanover Bancorp's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Hanover Bancorp dividend. The next Hanover Bancorp dividend will be released in February, May, August, or November.
When is Hanover Bancorp dividend paid?
Hanover Bancorp pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Hanover Bancorp pay?
The specific amount of Hanover Bancorp dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Hanover Bancorp's dividend history.
Does Hanover Bancorp stock pay dividends?
Yes, Hanover Bancorp does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Hanover Bancorp's dividend history.
How much dividend does Hanover Bancorp pay?
Hanover Bancorp paid $0.4 in 2024, $0.4 in 2023, $0.3 in 2022, $0.0 in 2021, and $0.0 in 2020.
How often does Hanover Bancorp pay dividends?
Hanover Bancorp typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Hanover Bancorp's dividend yield?
The current dividend yield for Hanover Bancorp is 1.58%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Hanover Bancorp's exact dividend yield.
When does Hanover Bancorp go ex dividend?
Hanover Bancorp's ex-dividend date for the latest dividend was on 2024-11-06. Hanover Bancorp typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Hanover Bancorp dividend paid?
Hanover Bancorp pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Hanover Bancorp increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Hanover Bancorp will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Hanover Bancorp dividend per share?
Hanover Bancorp paid $0.4 per share in 2024 and $0.4 per share in 2023. The amount of dividend per share that Hanover Bancorp pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Hanover Bancorp a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Hanover Bancorp a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Hanover Bancorp a dividend stock?
Yes, Hanover Bancorp is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Hanover Bancorp a good dividend stock?
Whether Hanover Bancorp is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Hanover Bancorp has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Hanover Bancorp as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Hanover Bancorp pay dividends monthly?
Hanover Bancorp typically pays dividends on a quarterly basis.
Does Hanover Bancorp pay dividends quarterly?
Hanover Bancorp currently pays dividends on a quarterly basis.
Has Hanover Bancorp ever paid a dividend?
Yes, Hanover Bancorp has a history of paying dividends to its shareholders. Hanover Bancorp is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Hanover Bancorp dividend stocks?
To buy Hanover Bancorp you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Hanover Bancorp stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Hanover Bancorp pay dividends 2024?
Hanover Bancorp pays dividends on a quarterly basis. 2024 dividend payments are in 2024-11-13. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Hanover Bancorp increase its dividend in 2024?
Decisions regarding Hanover Bancorp dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Hanover Bancorp dividend overview you can look into the above table of dividend history.
How Hanover Bancorp dividend works?
The Hanover Bancorp dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Hanover Bancorp's dividend process works:

1. Determination of Dividend: Hanover Bancorp's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, Hanover Bancorp publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, Hanover Bancorp distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from Hanover Bancorp are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Hanover Bancorp dividends paid?
Hanover Bancorp dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Hanover Bancorp sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, Hanover Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Hanover Bancorp declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Hanover Bancorp pay dividends?
Hanover Bancorp typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Hanover Bancorp pay dividends?
The general pattern is that Hanover Bancorp pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Hanover Bancorp dividend safe?
The safety of Hanover Bancorp's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Hanover Bancorp's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review Hanover Bancorp's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.