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

Magyar Bancorp, Inc. (NASDAQ:MGYR) 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 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, November 14th.

Magyar Bancorp Trading Down 0.8 %

Shares of Magyar Bancorp stock traded down $0.10 during trading hours on Friday, reaching $12.22. 8,882 shares of the company’s stock were exchanged, compared to its average volume of 4,669. Magyar Bancorp has a 52-week low of $9.01 and a 52-week high of $12.71. The company has a fifty day moving average of $12.32 and a 200-day moving average of $11.75. The firm has a market capitalization of $79.31 million, a price-to-earnings ratio of 10.44 and a beta of 0.27.

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.