Magyar Bancorp, Inc. (MGYR) To Go Ex-Dividend on February 12th

Magyar Bancorp, Inc. (NASDAQ:MGYR) announced a quarterly dividend on Thursday, January 29th. Stockholders of record on Thursday, February 12th will be given a dividend of 0.10 per share by the bank on Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, February 12th. This is a 25.0% increase from Magyar Bancorp’s previous quarterly dividend of $0.08.

Magyar Bancorp Stock Performance

NASDAQ:MGYR opened at $18.20 on Tuesday. The company has a market capitalization of $119.03 million, a price-to-earnings ratio of 10.52 and a beta of 0.26. Magyar Bancorp has a one year low of $13.52 and a one year high of $19.04. The stock has a 50-day simple moving average of $17.51 and a 200 day simple moving average of $17.22.

Magyar Bancorp (NASDAQ:MGYR) last released its earnings results on Thursday, January 29th. The bank reported $0.50 EPS for the quarter. Magyar Bancorp had a return on equity of 9.28% and a net margin of 16.25%.The company had revenue of $9.65 million for the quarter.

About Magyar Bancorp

Magyar Bancorp, Inc is a bank holding company headquartered in Palos Hills, Illinois, that provides a range of commercial banking services through its subsidiary, Magyar Bank. Established to serve the financial needs of individuals and businesses in the Chicago suburbs, the company offers traditional banking products alongside specialized lending solutions. Magyar Bancorp’s operations focus on relationship banking, emphasizing personalized service and community engagement.

The company’s product suite includes deposit accounts such as checking, savings and money market accounts, as well as certificates of deposit.