Magyar Bancorp, Inc. Plans Quarterly Dividend of $0.05 (NASDAQ:MGYR)

Magyar Bancorp, Inc. (NASDAQ:MGYR) announced a quarterly dividend on Thursday, October 31st,Zacks Dividends reports. Shareholders of record on Thursday, November 14th will be given a dividend of 0.05 per share by the bank on Wednesday, November 27th. This represents a $0.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, November 14th.

Magyar Bancorp Price Performance

Shares of NASDAQ MGYR opened at $12.67 on Wednesday. The business has a fifty day moving average price of $12.33 and a 200 day moving average price of $11.82. Magyar Bancorp has a 1-year low of $9.16 and a 1-year high of $12.75. The stock has a market capitalization of $82.23 million, a P/E ratio of 10.22 and a beta of 0.27.

About Magyar Bancorp

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.