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

Magyar Bancorp, Inc. (NASDAQ:MGYR) announced a quarterly dividend on Thursday, October 31st,Zacks Dividends reports. Investors of record on Thursday, November 14th will be paid 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 dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, November 14th.

Magyar Bancorp Trading Up 0.6 %

NASDAQ:MGYR opened at $12.67 on Wednesday. The company has a market cap of $82.23 million, a price-to-earnings ratio of 10.22 and a beta of 0.27. Magyar Bancorp has a twelve month low of $9.16 and a twelve month high of $12.75. The stock has a fifty day simple moving average of $12.33 and a 200-day simple moving average of $11.82.

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.