MAGYAR BANCORP, INC. ANNOUNCES QUARTERLY CASH DIVIDEND
Rhea-AI Summary
Magyar Bancorp, Inc. (NASDAQ: MGYR) has declared a quarterly cash dividend of $0.03 per share, payable on February 24, 2022, to shareholders of record as of February 10, 2022. This decision reflects the company's ongoing commitment to returning value to its shareholders. Magyar Bancorp serves Central New Jersey through its community bank, Magyar Bank, which offers a full range of financial products and has been operational since 1922.
Positive
- Quarterly cash dividend declared at $0.03 per share.
- Dividend payable on February 24, 2022, indicates strong cash flow.
- Company has a long-standing presence in the community since 1922.
Negative
- None.
News Market Reaction – MGYR
In the trading session that priced this news, MGYR declined 0.41%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW BRUNSWICK, N.J., Jan. 27, 2022 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ: MGYR) announced today that its Board of Directors has declared a quarterly cash dividend of
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