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

Magyar Bancorp, Inc. (NASDAQ:MGYR) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Investors of record on Thursday, November 14th will be paid 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 is Thursday, November 14th.

Magyar Bancorp Stock Performance

Magyar Bancorp stock traded down $0.10 during trading hours on Friday, hitting $12.22. The company had a trading volume of 8,882 shares, compared to its average volume of 4,669. The firm has a market cap of $79.31 million, a P/E ratio of 10.44 and a beta of 0.27. Magyar Bancorp has a 1 year low of $9.01 and a 1 year high of $12.71. The company has a 50-day moving average price of $12.32 and a two-hundred day moving average price of $11.75.

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.