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MGYR Projected Dividend Yield

Magyar Bancorp Inc ( NASDAQ : MGYR )

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.

13 YEAR PERFORMANCE RESULTS

MGYR Dividend History Detail
MGYR Dividend News
MGYR Competitors News

# of Shares: 0

Closing Price: 11.06

Current Market Value: 0.00

Cost Basis: 0.00

Date Acquired:

Dividend Cash Flow
Year	Annual Dividend	Dividend Growth	# of Shares	Annual Dividend Income	Yield On Cost %
2021	0.12	0%	0	$ 0.00	0.00%
2022	0.20	67%	0	$ 0.00	0.00%
2023	0.20	0%	0	$ 0.00	0.00%
2024	0.05	10%	0	$ 0.00	0.45%
2025	0.24	10%	0	$ 0.00	0.50%
2026	0.27	10%	0	$ 0.00	0.55%
2027	0.29	10%	0	$ 0.00	0.60%
2028	0.32	10%	0	$ 0.00	0.66%
2029	0.35	10%	0	$ 0.00	0.73%
2030	0.39	10%	0	$ 0.00	0.80%
2031	0.43	10%	0	$ 0.00	0.88%
2032	0.47	10%	0	$ 0.00	0.97%
2033	0.52	10%	0	$ 0.00	1.07%
2034	0.57	10%	0	$ 0.00	1.17%
Using the current years Dividend Growth rate of 10% and projecting 10% forward the annual dividend income in 10yrs would be $ 0.00 with a yield on cost % of 1.17%
Rolling Last 4 qtrs dividends total $ 0.22 and Previous last 4 qtrs dividends total $ 0.20
Dividend 1 Yr Growth = ( 0.22 – 0.20 ) × 100 = 10% (Click the Edit pencil if you want to modify the forward dividend growth rate projection) 0.20

Year	Declaration Date	Ex-Dividend Date	Record Date	Payable Date	Dividend $ Amount
2024	Apr 23, 2024	May 06, 2024	May 07, 2024	May 21, 2024	0.0500
2024	Jan 25, 2024	Feb 07, 2024	Feb 08, 2024	Feb 22, 2024	0.0500
2024 Total:					0.1000
2023	Nov 14, 2023	Nov 27, 2023	Nov 28, 2023	Dec 12, 2023	0.0700
2023	Oct 30, 2023	Nov 08, 2023	Nov 09, 2023	Nov 24, 2023	0.0400
2023	Jul 20, 2023	Aug 02, 2023	Aug 03, 2023	Aug 17, 2023	0.0300
2023	Apr 20, 2023	May 03, 2023	May 04, 2023	May 18, 2023	0.0300
2023	Jan 26, 2023	Feb 08, 2023	Feb 09, 2023	Feb 23, 2023	0.0300
2023 Total:					0.2000
2022	Nov 15, 2022	Nov 28, 2022	Nov 29, 2022	Dec 13, 2022	0.0800
2022	Oct 27, 2022	Nov 09, 2022	Nov 10, 2022	Nov 23, 2022	0.0300
2022	Jul 26, 2022	Aug 03, 2022	Aug 04, 2022	Aug 18, 2022	0.0300
2022	Apr 21, 2022	May 04, 2022	May 05, 2022	May 19, 2022	0.0300
2022	Jan 27, 2022	Feb 09, 2022	Feb 10, 2022	Feb 24, 2022	0.0300
2022 Total:					0.2000
2021	Nov 16, 2021	Nov 29, 2021	Nov 30, 2021	Dec 14, 2021	0.1200
2021 Total:					0.1200