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

Magyar Bancorp, Inc. (NASDAQ:MGYR) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Tuesday, May 7th will be paid a dividend of 0.05 per share by the bank on Tuesday, May 21st. This represents a $0.20 annualized dividend and a yield of 1.82%. The ex-dividend date is Monday, May 6th.

Magyar Bancorp Stock Performance

Shares of NASDAQ MGYR opened at $10.99 on Friday. Magyar Bancorp has a 52-week low of $9.00 and a 52-week high of $12.00. The business has a fifty day moving average of $11.15 and a two-hundred day moving average of $10.80. The stock has a market cap of $73.08 million, a PE ratio of 9.16 and a beta of 0.29.

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.