Magyar Bancorp, Inc. (MGYR) to Issue Quarterly Dividend of $0.06 on February 20th

Magyar Bancorp, Inc. (NASDAQ:MGYR) announced a quarterly dividend on Thursday, January 23rd,RTT News reports. Investors of record on Thursday, February 6th will be paid a dividend of 0.06 per share by the bank on Thursday, February 20th. This represents a $0.24 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, February 6th. This is a positive change from Magyar Bancorp’s previous quarterly dividend of $0.05.

Magyar Bancorp Stock Up 1.5 %

Magyar Bancorp stock opened at $14.30 on Friday. Magyar Bancorp has a twelve month low of $10.30 and a twelve month high of $14.74. The stock has a market cap of $93.95 million, a P/E ratio of 11.53 and a beta of 0.30. The company’s 50-day moving average price is $14.20 and its two-hundred day moving average price is $12.95.

Magyar Bancorp (NASDAQ:MGYR) last announced its earnings results on Thursday, January 23rd. The bank reported $0.33 earnings per share for the quarter. Magyar Bancorp had a return on equity of 7.18% and a net margin of 14.91%.

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.