Dividends & Buybacks ·
Magyar Bancorp declares $0.12 quarterly dividend, payable Nov. 24
MGYRMagyar Bancorp, Inc.
Magyar Bancorp declared a quarterly cash dividend of $0.12 per common share, payable on November 24, 2026 to shareholders of record as of November 10, 2026. This marks the company's second dividend increase this fiscal year, reflecting strong financial performance that included a 31% rise in third-quarter net income to $3.3 million and a 29% increase in full-year net income to $12.6 million. The bank also reported a 35 basis point expansion in its annual net interest margin to 3.69%. Magyar Bancorp operates as the parent company of Magyar Bank, a community banking institution serving Central New Jersey.