Magyar Bancorp, Inc. (NASDAQ:MGYR) to Issue Quarterly Dividend of $0.10

Magyar Bancorp, Inc. (NASDAQ:MGYR) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Thursday, May 7th will be given a dividend of 0.10 per share by the bank on Thursday, May 21st. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, May 7th.

Magyar Bancorp Price Performance

Shares of MGYR stock opened at $17.70 on Friday. The firm’s 50-day moving average is $17.59 and its two-hundred day moving average is $17.39. Magyar Bancorp has a 12 month low of $13.77 and a 12 month high of $20.00. The company has a market capitalization of $114.66 million, a PE ratio of 10.23 and a beta of 0.23.

Magyar Bancorp (NASDAQ:MGYR) last posted its earnings results on Thursday, April 23rd. The bank reported $0.48 earnings per share for the quarter. The company had revenue of $10.09 million for the quarter. Magyar Bancorp had a net margin of 16.25% and a return on equity of 9.18%.

Magyar Bancorp Company Profile

Magyar Bancorp, Inc is a bank holding company headquartered in Palos Hills, Illinois, that provides a range of commercial banking services through its subsidiary, Magyar Bank. Established to serve the financial needs of individuals and businesses in the Chicago suburbs, the company offers traditional banking products alongside specialized lending solutions. Magyar Bancorp’s operations focus on relationship banking, emphasizing personalized service and community engagement.

The company’s product suite includes deposit accounts such as checking, savings and money market accounts, as well as certificates of deposit.