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$10.90
-0.150 (-1.36%)
At Close: May 31, 2024
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Magyar Bancorp, Inc Stock Dividends Overview

MGYR pays dividends quarterly. Last paid amount was $0.0500 at May 21, 2024. As of today, dividend yield (TTM) is 2.24%.

Dividend Yield Range

The Dividend Yield Range is the range of values in which a stock’s dividend yield has fluctuated within a specified period, often a year. It represents the variation between the highest and lowest dividend yields observed during that time frame.
AI Analysis of MGYR
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Dividend Analysis

Key Stats

Dividend Yield (TTM) 2.24%
Frequency Quarterly
1Y Growth 66.67%
Payout Ratio 0
Amount Per Share $0.0500
Magyar Bancorp, Inc has not yet announced its next dividend date. Last payment date was: May 21, 2024.

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.


# Declaration Date Ex-Date Pay Date Amount Yield
11 Apr 21, 2022 May 04, 2022 May 19, 2022 $0.0300 0.261%
12 Jan 27, 2022 Feb 09, 2022 Feb 24, 2022 $0.0300 0.247%
13 Nov 16, 2021 Nov 29, 2021 Dec 14, 2021 $0.120 0.97%

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

Low (50.00%)

Growth potential

No dividend expected

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 (1.76%). 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 (11.09%), which means that there are more attractive dividend stocks to consider.

MGYR Stock Competitors

Symbol Company Name Market Cap Amount Per Share Dividend Yield (TTM) Payout Ratio (TTM)
MGYR
Magyar Bancorp, Inc 71.873M $0.0500 2.24% 18.74%
NICK
Nicholas Financial 47.826M $0.120 0% -

FAQ

What factors can affect the amount of MGYR's dividend payments?
The amount of MGYR's dividends can fluctuate based on several factors, including the company's financial performance, earnings, cash flow, capital requirements, and overall market conditions. Changes in MGYR sector's trends, interest rate shifts, and the company's operational adjustments can also influence dividend decisions.
Can dividends from MGYR stock be automatically reinvested?
If MGYR offers a Dividend Reinvestment Plan (DRIP), shareholders may have the option to automatically reinvest dividends to purchase additional shares. Please check with your brokerage for the availability and details of such a plan. Here's an easy guide on how to buy MGYR stock.
How often does MGYR pay dividend?
Magyar Bancorp, Inc (MGYR) pays dividends quarterly. The most recent payout was on May 21, 2024.
How much does MGYR pays per share?
The last recorder (May 06, 2024) dividend per share was $0.0500.
What is MGYR dividend growth rate?
Over the last year, Magyar Bancorp, Inc has witnessed growth rate of 66.67% . Looking back over the past 3 years, this growth rate has been -25.31%. Furthermore, examining the past 5 years, Magyar Bancorp, Inc has maintained an average Dividends Per Share Growth Rate of -16.06%.
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About Magyar Bancorp, Inc

Magyar Ban 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. The company also provides residential mortgage loans, multi-family and commercial re... MGYR Profile

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