Magyar Bancorp, Inc. (MGYR) To Go Ex-Dividend on November 14th

Magyar Bancorp, Inc. (NASDAQ:MGYR) declared a quarterly dividend on Thursday, October 31st,Zacks Dividends reports. Shareholders 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 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, November 14th.

Magyar Bancorp Price Performance

Magyar Bancorp stock opened at $12.60 on Tuesday. The firm has a market capitalization of $81.77 million, a price-to-earnings ratio of 10.05 and a beta of 0.27. Magyar Bancorp has a fifty-two week low of $9.16 and a fifty-two week high of $12.75. The company’s 50 day simple moving average is $12.32 and its 200 day simple moving average is $11.81.

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.