Magyar Bancorp, Inc. (MGYR) to Distribute Quarterly Dividend of $0.12 on November 24th

Magyar Bancorp, Inc. (NASDAQ:MGYR) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.12 per share by the bank on Tuesday, November 24th. This represents a $0.48 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, November 10th. This is a 20.0% increase from Magyar Bancorp’s previous quarterly dividend of $0.10.

Magyar Bancorp Stock Performance

Shares of NASDAQ MGYR opened at $20.24 on Friday. The company has a market cap of $130.75 million, a PE ratio of 10.13 and a beta of 0.29. The business has a 50-day simple moving average of $19.44 and a two-hundred day simple moving average of $18.19. Magyar Bancorp has a fifty-two week low of $16.03 and a fifty-two week high of $22.15.

Magyar Bancorp (NASDAQ:MGYR) last posted its quarterly earnings data on Wednesday, October 28th. The bank reported $0.52 earnings per share (EPS) for the quarter. The firm had revenue of $10.64 million for the quarter. Magyar Bancorp had a net margin of 19.74% and a return on equity of 10.11%.

Magyar Bancorp Company Profile

Magyar Bancorp, Inc is the holding company for Magyar Bank, a community bank headquartered in New Brunswick, New Jersey. Through its banking subsidiary, the company provides deposit, lending and other financial services to individuals, families and businesses.

Magyar Bank’s products and services include checking and savings accounts, certificates of deposit, residential mortgages, home equity loans and lines of credit, consumer loans, commercial real estate financing and business loans.