MAGYAR BANCORP, INC. ANNOUNCES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

Magyar Bancorp, Inc. (NASDAQ: MGYR) announced a quarterly cash dividend of $0.03 per share, payable on May 19, 2022, to shareholders of record on May 5, 2022. This decision reflects the company's commitment to returning value to its shareholders amidst its ongoing operations in Central New Jersey. Headquartered in New Brunswick, Magyar Bancorp provides a full range of banking services through its seven branches.

Positive

• Quarterly cash dividend of $0.03 reflects shareholder value.
• Dividend payment scheduled for May 19, 2022, providing income to shareholders.

Negative

• None.

NEW BRUNSWICK, N.J. , April 21, 2022 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ: MGYR) announced today that its Board of Directors has declared a quarterly cash dividend of $0.03, payable May 19, 2022 to shareholders of record on May 5, 2022.

About Magyar Bancorp

Magyar Bancorp is the parent company of Magyar Bank, a community bank headquartered in New Brunswick, New Jersey. Magyar Bank has been serving families and businesses in Central New Jersey since 1922 with a complete line of financial products and services.  Today, Magyar operates seven branch locations in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater and Edison (2). Please visit us online at www.magbank.com.

 

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SOURCE Magyar Bancorp

FAQ

What is the dividend amount declared by MGYR?

Magyar Bancorp declared a dividend of $0.03 per share.

When will the dividend be paid to shareholders of MGYR?

The dividend will be paid on May 19, 2022.

Who are the shareholders of record for MGYR's dividend?

Shareholders of record on May 5, 2022, will receive the dividend.

How often does Magyar Bancorp declare dividends?

Magyar Bancorp declares dividends quarterly.