Magyar Bancorp Dividends and Buybacks
Dividend criteria checks 2/6
Magyar Bancorp is a dividend paying company with a current yield of 1.92% that is well covered by earnings. Next payment date is on 20th February, 2025 with an ex-dividend date of 6th February, 2025.
Key information
1.9%
Dividend yield
2.5%
Buyback Yield
| Total Shareholder Yield | 4.4% |
| Future Dividend Yield | n/a |
| Dividend Growth | 22.5% |
| Next dividend pay date | 20 Feb 25 |
| Ex dividend date | 06 Feb 25 |
| Dividend per share | US$0.280 |
| Payout ratio | 15% |
Recent dividend and buyback updates
Recent updates
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Magyar Bancorp, Inc.'s (NASDAQ:MGYR) CEO For Now
Feb 16
Magyar Bancorp (NASDAQ:MGYR) Is Due To Pay A Dividend Of $0.05
Jan 29Magyar Bancorp (NASDAQ:MGYR) Has Announced A Dividend Of $0.03
Jul 25Magyar Bancorp (NASDAQ:MGYR) Has Announced A Dividend Of $0.03
Apr 25Magyar Bancorp (NASDAQ:MGYR) Will Pay A Dividend Of $0.03
Feb 01Magyar Bancorp declares $0.03 dividend
Jul 26Magyar Bancorp, Inc.'s (NASDAQ:MGYR) CEO Compensation Is Looking A Bit Stretched At The Moment
Feb 10Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MGYR has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MGYR's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Magyar Bancorp Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MGYR) | 1.9% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Banks) | 2.5% |
| Analyst forecast (MGYR) (up to 3 years) | n/a |
Notable Dividend: MGYR's dividend (1.92%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: MGYR's dividend (1.92%) is low compared to the top 25% of dividend payers in the US market (4.44%).
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (15.3%), MGYR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/29 02:41 |
| End of Day Share Price | 2025/01/29 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Magyar Bancorp, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|