Magyar Bancorp Inc. (MGYR)

• Magyar Bancorp Inc. (MGYR) currently pays a dividend of $0.05 per share with annual dividend yield of 1.76% and price-to-earnings ratio of 9.4917.
• Magyar Bancorp Inc. (MGYR) pays out a dividend four times per year. Quarterly payment frequency should be carefully considered as it can affect investors’ investment strategy.
• Magyar Bancorp Inc. (MGYR) most recent ex-dividend date occurred on May 06, 2024 with dividend payment of $0.05 per share received on May 21, 2024. Shareholders eligible for this dividend payment owned MGYR stock before or on this ex-dividend date.

Table below shows the detailed dividend history of Magyar Bancorp Inc. Stock (MGYR). In 2024, the first Magyar Bancorp Inc.’s dividend date was on February 07, 2024 with a dividend of $0.05 per share, representing a -28.57% decrease from $0.07 per share on November 27, 2023. This decline in MGYR’s dividend pay out can signal a negative financial performance of the company; however, further research should be conducted to understand the company’s change in dividend payment. We recommend investors to review dividend dates and payments carefully with the aim to gain insights on the company’s strategy.