MGYR Dividend Yield, History, and Stock Split

In a company, dividends are a portion of profits paid out to shareholders - investors getting a little bit back on their investment. In particular, dividends benefit investors, especially income-seeking investors, because they provide mutual benefits both to companies and investors. Dividends are a strong indicator for a company's ability to produce profits consistently and reflect favorably on its management. Magyar Bancorp, Inc. is also among the companies that regularly pay dividends.

Many factors affect dividend yields, including global market conditions, interest rates, and the financial status of an individual company.However, the average dividend yield for a good company is between 2% and 6%. MGYR's annual dividend yield for the trailing 12 months is 1.18%.

MGYR last paid dividends on Aug. 16, 2023, with the ex-dividend date being Aug. 1, 2023.

MGYR stock split took place on Jul. 15, 2021.

Its last split took place on Jul. 15, 2021, when Magyar Bancorp, Inc. went through a 61 : 50 split leaving the shareholder with 61 share(s) who previously owned 50 MGYR share(s).