company-logo

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 real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has seven branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey.

Magyar Bancorp Dividend Announcement

Magyar Bancorp announced a quarterly dividend of $0.05 per ordinary share which will be made payable on 2024-11-27. Ex dividend date: 2024-11-14
Magyar Bancorp annual dividend for 2024 was $0.20
Magyar Bancorp annual dividend for 2023 was $0.20
Magyar Bancorp's trailing twelve-month (TTM) dividend yield is 2.13%
Magyar Bancorp's payout ratio for the trailing twelve months (TTM) is 20.06%

Magyar Bancorp Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-11-14$0.05quarterly2024-11-27
2024-08-08$0.05quarterly2024-08-22
2024-05-06$0.05quarterly2024-05-21
2024-02-07$0.05quarterly2024-02-22
2023-11-27$0.07quarterly2023-12-12
2023-11-08$0.04quarterly2023-11-24
2023-08-02$0.03quarterly2023-08-17
2023-05-03$0.03quarterly2023-05-18
2023-02-08$0.03quarterly2023-02-23
2022-11-28$0.08quarterly2022-12-13
2022-11-09$0.03quarterly2022-11-23
2022-08-03$0.03quarterly2022-08-18
2022-05-04$0.03quarterly2022-05-19
2022-02-09$0.03quarterly2022-02-24
2021-11-29$0.12quarterly2021-12-14

Magyar Bancorp Dividend per year

Magyar Bancorp Dividend growth

Magyar Bancorp Dividend Yield

Magyar Bancorp current trailing twelve-month (TTM) dividend yield is 2.13%. Interested in purchasing Magyar Bancorp stock? Use our calculator to estimate your expected dividend yield:

Magyar Bancorp Financial Ratios

P/E ratio9.73
PEG ratio0.10
P/B ratio0.69
ROE7.27%
Payout ratio20.06%
Current ratio0.09
Quick ratio0.13
Cash Ratio0.08

Magyar Bancorp Dividend FAQ

How much is the next Magyar Bancorp dividend?
Magyar Bancorp's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Magyar Bancorp dividend. The next Magyar Bancorp dividend will be released in February, May, August, November, or November.
When is Magyar Bancorp dividend paid?
Magyar Bancorp pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, November, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Magyar Bancorp pay?
The specific amount of Magyar Bancorp dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Magyar Bancorp's dividend history.
Does Magyar Bancorp stock pay dividends?
Yes, Magyar Bancorp does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Magyar Bancorp's dividend history.
How much dividend does Magyar Bancorp pay?
Magyar Bancorp paid $0.2 in 2024, $0.2 in 2023, $0.2 in 2022, $0.12 in 2021, and $0.0 in 2020.
How often does Magyar Bancorp pay dividends?
Magyar Bancorp typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, November, and November.
What is Magyar Bancorp's dividend yield?
The current dividend yield for Magyar Bancorp is 2.13%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Magyar Bancorp's exact dividend yield.
When does Magyar Bancorp go ex dividend?
Magyar Bancorp's ex-dividend date for the latest dividend was on 2024-11-14. Magyar Bancorp typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Magyar Bancorp dividend paid?
Magyar Bancorp pays dividends on a quarterly basis, typically around February, May, August, November, or November, but the exact dates can vary each year.
Will Magyar Bancorp increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Magyar Bancorp will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Magyar Bancorp dividend per share?
Magyar Bancorp paid $0.2 per share in 2024 and $0.2 per share in 2023. The amount of dividend per share that Magyar Bancorp pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Magyar Bancorp a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Magyar Bancorp a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Magyar Bancorp a dividend stock?
Yes, Magyar Bancorp is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Magyar Bancorp a good dividend stock?
Whether Magyar Bancorp is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Magyar Bancorp has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Magyar Bancorp as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Magyar Bancorp pay dividends monthly?
Magyar Bancorp typically pays dividends on a quarterly basis.
Does Magyar Bancorp pay dividends quarterly?
Magyar Bancorp currently pays dividends on a quarterly basis.
Has Magyar Bancorp ever paid a dividend?
Yes, Magyar Bancorp has a history of paying dividends to its shareholders. Magyar Bancorp is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Magyar Bancorp dividend stocks?
To buy Magyar Bancorp you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Magyar Bancorp stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Magyar Bancorp pay dividends 2024?
Magyar Bancorp pays dividends on a quarterly basis. 2024 dividend payments are in 2024-11-27. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Magyar Bancorp increase its dividend in 2024?
Decisions regarding Magyar Bancorp dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Magyar Bancorp dividend overview you can look into the above table of dividend history.
How Magyar Bancorp dividend works?
The Magyar Bancorp dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Magyar Bancorp's dividend process works:

1. Determination of Dividend: Magyar Bancorp's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, Magyar Bancorp publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, Magyar Bancorp distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from Magyar Bancorp are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Magyar Bancorp dividends paid?
Magyar Bancorp dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Magyar Bancorp sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, Magyar Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Magyar Bancorp declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Magyar Bancorp pay dividends?
Magyar Bancorp typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Magyar Bancorp pay dividends?
The general pattern is that Magyar Bancorp pays dividends around February, May, August, November, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Magyar Bancorp dividend safe?
The safety of Magyar Bancorp's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Magyar Bancorp's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review Magyar Bancorp's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.