Magyar Bancorp Dividend
Dividend criteria checks 2/6
Magyar Bancorp is a dividend paying company with a current yield of 2.4% that is well covered by earnings.
Key information
2.4%
Dividend yield
5%
Payout ratio
| Industry average yield | 3.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | US$1.15 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend 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 10Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, MGYR has been paying a dividend for less than 10 years.
Growing Dividend: MGYR's dividend payments have increased, but the company has only paid a dividend for 2 years.
Dividend Yield vs Market
| Magyar Bancorp Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MGYR) | 2.4% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.7% |
| Industry Average (Banks) | 3.0% |
| Analyst forecast in 3 Years (MGYR) | n/a |
Notable Dividend: MGYR's dividend (2.4%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: MGYR's dividend (2.4%) is low compared to the top 25% of dividend payers in the US market (4.7%).
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (5%), MGYR's dividend payments are thoroughly 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.