Magyar Bancorp, Inc. (NASDAQ:MGYR) to Issue $0.05 Quarterly Dividend

Magyar Bancorp, Inc. (NASDAQ:MGYR) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Tuesday, May 7th will be given a dividend of 0.05 per share by the bank on Tuesday, May 21st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Monday, May 6th.

Magyar Bancorp Stock Up 3.2 %

MGYR stock opened at $11.25 on Thursday. Magyar Bancorp has a twelve month low of $9.00 and a twelve month high of $12.00. The stock’s 50 day moving average is $11.19 and its 200-day moving average is $10.72. The firm has a market capitalization of $74.81 million, a PE ratio of 9.38 and a beta of 0.32.

Magyar Bancorp (NASDAQ:MGYR) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.26 EPS for the quarter. The business had revenue of $7.85 million for the quarter. Magyar Bancorp had a return on equity of 7.31% and a net margin of 16.44%.

Magyar Bancorp Company Profile

Magyar Bancorp, Inc operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit.