Magyar Bancorp, Inc. (NASDAQ:MGYR) to Issue $0.06 Quarterly Dividend

Magyar Bancorp, Inc. (NASDAQ:MGYR) declared a quarterly dividend on Wednesday, April 30th, RTT News reports. Investors of record on Wednesday, May 14th will be given a dividend of 0.06 per share by the bank on Wednesday, May 28th. This represents a $0.24 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Wednesday, May 14th.

Magyar Bancorp Price Performance

Magyar Bancorp stock opened at $14.60 on Monday. The company has a market cap of $94.61 million, a PE ratio of 11.15 and a beta of 0.10. Magyar Bancorp has a 12 month low of $10.66 and a 12 month high of $14.90. The company has a fifty day moving average price of $14.09 and a two-hundred day moving average price of $14.03.

Magyar Bancorp (NASDAQ:MGYR) last posted its quarterly earnings data on Wednesday, April 30th. The bank reported $0.43 earnings per share for the quarter. Magyar Bancorp had a net margin of 15.25% and a return on equity of 7.49%. The business had revenue of $15.78 million during the quarter.

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.