DIVIDEND ANNOUNCEMENT: Magyar Bancorp Inc (NASDAQ:MGYR) on 04/23/2024 declared a dividend of $0.0500 per share

Magyar Bancorp Inc (NASDAQ:MGYR) on 04/23/2024 declared a dividend of $ 0.0500 per share payable on May 21, 2024 to shareholders of record as of May 07, 2024.

Magyar Bancorp Inc (NASDAQ:MGYR) has paid dividends since 2021, has a current dividend yield of 0.4566210210% and has increased its dividends for 0 successive years.

Magyar Bancorp Inc's market cap is $ 72,861,300 and has a PE ratio of 9.28. The stock price closed yesterday at $ 10.95 and has a 52 week low/high of $ 9.00 and $ 12.00.

Magyar Bancorp is a stock holding company of Magyar Bank, a savings bank. Co. accepts retail deposits from the general public in the areas surrounding its main office in New Brunswick, NJ and its branch offices located in Middlesex and Somerset Counties, NJ, and invests those deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, Small Business Administration loans, construction loans and investment securities. Co. also originates consumer loans, which consist primarily of secured demand loans.

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