ANDC (Andover Bancorp) Dividend Payout Ratio : 0.44 (As of Dec. 2023)

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What is Andover Bancorp Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Andover Bancorp's Dividend Payout Ratio for the months ended in Dec. 2023 was 0.44.

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

ANDC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.31 Med: 0.4 Max: 0.47
Current: 0.42

During the past 5 years, the highest Dividend Payout Ratio of Andover Bancorp was 0.47. The lowest was 0.31. And the median was 0.40.

ANDC's Dividend Payout Ratio is ranked worse than
59.51% of 1146 companies
in the Banks industry
Industry Median: 0.35 vs ANDC: 0.42

As of today (2025-03-23), the Dividend Yield % of Andover Bancorp is 3.84%.

During the past 5 years, the highest Trailing Annual Dividend Yield of Andover Bancorp was 4.17%. The lowest was 3.13%. And the median was 3.77%.

Andover Bancorp's Dividends per Share for the months ended in Dec. 2023 was $0.38.

During the past 12 months, Andover Bancorp's average Dividends Per Share Growth Rate was 0.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 0.70% per year.

During the past 5 years, the highest 3-Year average Dividends Per Share Growth Rate of Andover Bancorp was 0.70% per year. The lowest was 0.70% per year. And the median was 0.70% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Andover Bancorp Dividend Payout Ratio Historical Data

The historical data trend for Andover 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.

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Andover Bancorp Dividend Payout Ratio Chart

Andover Bancorp Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.47

0.40

0.31

0.33

0.42

Andover Bancorp Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial				0.32	0.32	0.33	0.40	0.44

Competitive Comparison of Andover Bancorp's Dividend Payout Ratio

For the Banks - Regional subindustry, Andover 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.

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

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

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

Andover Bancorp Dividend Payout Ratio Calculation

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

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.75	/	1.8
	=	0.42

Andover 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 )
	=	0.375	/	0.86
	=	0.44

Andover Bancorp (OTCPK:ANDC) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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.

Andover Bancorp Dividend Payout Ratio Related Terms

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Andover Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Andover Bancorp Inc (OTCPK:ANDC) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 East Main Street, PO Box 1300, Andover, OH, USA, 44003

Website

https://www.andover.bank

Andover Bancorp Inc is a United States-based holding company for Andover bank. The bank is a locally owned and independent community bank. It provides banking services to personal and business customers. The bank provides a full range of banking products including; consumer, mortgage, and commercial loans; checking, savings, and others. The majority of the company's revenue is generated from retail lending activities.