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

Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Shareholders of record on Thursday, November 14th will be given a dividend of 0.05 per share by the bank on Wednesday, November 27th. This represents a $0.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Thursday, November 14th.

Magyar Bancorp Stock Performance

Shares of NASDAQ MGYR traded down $0.10 during mid-day trading on Friday, reaching $12.22. The company had a trading volume of 8,882 shares, compared to its average volume of 1,432. Magyar Bancorp has a twelve month low of $9.01 and a twelve month high of $12.71. The stock has a market capitalization of $79.31 million, a PE ratio of 9.85 and a beta of 0.27. The stock's 50 day moving average is $12.32 and its 200-day moving average is $11.76.

Magyar Bancorp Company Profile

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.