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 2.41%
• Hanover Bancorp's payout ratio for the trailing twelve months (TTM) is 24.09%
Hanover Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-06 | $0.10 | quarterly | 2024-11-13 |
2024-08-07 | $0.10 | quarterly | 2024-08-14 |
2024-05-07 | $0.10 | quarterly | 2024-05-15 |
2024-02-06 | $0.10 | quarterly | 2024-02-14 |
2023-11-07 | $0.10 | quarterly | 2023-11-15 |
2023-08-08 | $0.10 | quarterly | 2023-08-16 |
2023-05-09 | $0.10 | quarterly | 2023-05-17 |
2023-02-06 | $0.10 | quarterly | 2023-02-14 |
2022-11-07 | $0.10 | quarterly | 2022-11-15 |
2022-08-08 | $0.10 | quarterly | 2022-08-16 |
2022-06-17 | $0.10 | quarterly | 2022-06-28 |
Hanover Bancorp Dividend per year
Hanover Bancorp Dividend growth
Hanover Bancorp Dividend Yield
Hanover Bancorp current trailing twelve-month (TTM) dividend yield is 2.41%. Interested in purchasing Hanover Bancorp stock? Use our calculator to estimate your expected dividend yield:
Hanover Bancorp Financial Ratios
Hanover Bancorp Dividend FAQ
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.
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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.
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.
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.