Hanover Bancorp, Inc. Plans Quarterly Dividend of $0.10 (NASDAQ:HNVR)

Hanover Bancorp, Inc. (NASDAQ:HNVR - Get Free Report) declared a quarterly dividend on Monday, April 27th. Investors of record on Monday, May 11th will be given a dividend of 0.10 per share on Monday, May 18th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, May 11th.

Hanover Bancorp has a payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings.

Hanover Bancorp Price Performance

NASDAQ:HNVR opened at $22.38 on Tuesday. Hanover Bancorp has a 1-year low of $19.91 and a 1-year high of $24.36. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $21.65 and a 200 day simple moving average of $22.29. The stock has a market capitalization of $160.51 million, a PE ratio of 22.38 and a beta of 0.04.

Hanover Bancorp Company Profile

Hanover Bancorp, Inc is the bank holding company for The Hanover National Bank, a regional financial institution headquartered in Syracuse, New York. Through its subsidiary, the company provides a full range of commercial and retail banking services, with an emphasis on relationship-driven client support and community engagement.

Key offerings include deposit products such as checking, savings, and certificates of deposit, as well as commercial and consumer lending solutions. The bank also offers treasury management services, residential mortgage origination, and investment advisory services to meet the diverse needs of individuals, small businesses, and municipalities within its market area.

Operating primarily in Central and Upstate New York, Hanover Bancorp maintains a network of branches and loan production offices designed to serve local communities.

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