Magyar Bancorp, Inc Stock Dividends
MGYR pays dividends quarterly. Last paid amount was $0.0500 at Feb 22, 2024. As of today, dividend yield (TTM) is 2.24%.
Dividend Yield Range
AI Analysis of MGYR
| Dividend Analysis | Generate |
Key Stats
| Dividend Yield (TTM) | 2.24% |
|---|---|
| Frequency | Quarterly |
| 1Y Growth | 66.67% |
| Payout Ratio | 0 |
| Amount Per Share | $0.0500 |
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Magyar Bancorp, Inc has not yet announced its next dividend date. Last payment date was: Feb 22, 2024.
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MGYR Dividend Payout History
To ensure a understanding of MGYR's dividend performance, consider examining the historical payout ratios and how they align with the company's earnings. Fluctuations in payout amounts may reflect changes in the company's dividend policy or earnings stability.
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | May 06, 2024 | May 21, 2024 | $0.0500 | 0.450% |
| 2 | Feb 07, 2024 | Feb 07, 2024 | Feb 22, 2024 | $0.0500 | 0.427% |
| 3 | Nov 14, 2023 | Nov 27, 2023 | Dec 12, 2023 | $0.0700 | 0.682% |
| 4 | Oct 30, 2023 | Nov 08, 2023 | Nov 24, 2023 | $0.0400 | 0.404% |
| 5 | Jul 20, 2023 | Aug 02, 2023 | Aug 17, 2023 | $0.0300 | 0.271% |
| 6 | Aug 02, 2023 | May 03, 2023 | May 18, 2023 | $0.0300 | 0.299% |
| 7 | Jan 26, 2023 | Feb 08, 2023 | Feb 23, 2023 | $0.0300 | 0.237% |
| 8 | Nov 15, 2022 | Nov 28, 2022 | Dec 13, 2022 | $0.0800 | 0.615% |
| 9 | Oct 27, 2022 | Nov 09, 2022 | Nov 23, 2022 | $0.0300 | 0.231% |
| 10 | Jul 26, 2022 | Aug 03, 2022 | Aug 18, 2022 | $0.0300 | 0.243% |
Dividend Sustainability
The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.
Sustainability score
Growth potential
MGYR Dividend Calculator
Dividend Calculator is designed to forecast the potential returns from MGYR dividends based on your individual investment size or the number of shares you own. Simply enter your total investment amount to see the cumulative dividend payment you could receive over a specified period.
Read how to invest in MGYR stock here.
Comparing MGYR to Sector and Country
MGYR pays a solid dividend yield of 2.24%, which is higher than the average of the bottom 25% of dividend payers in the US market (1.83%). MGYR’s dividend yield is lower than the average of the top 25% of dividend payers in the Financial Services sector in the US market (10.97%), which means that there are more attractive dividend stocks to consider.
MGYR Stock Competitors
| Symbol | Amount Per Share | Dividend Yield (TTM) | Payout Ratio (TTM) | ||
|---|---|---|---|---|---|
| Magyar Bancorp, Inc | 72.862M | $0.0500 | 2.24% | 18.74% | |
| Nicholas Financial | 48.045M | $0.120 | 0% | - |
