Is Magyar Bancorp, Inc. a good dividend stock?

Magyar Bancorp, Inc. (MGYR) is a dividend-paying stock with a current dividend yield of 2.04%. Review its dividend history, payout consistency and growth to judge whether it fits your income strategy.

What is MGYR's dividend yield?

The dividend yield for MGYR stock is currently 2.04%.

How much does MGYR pay in dividends per year?

Magyar Bancorp, Inc. pays an annual dividend of $0.3600 per share over the trailing twelve months.

How often does MGYR pay dividends?

MGYR stock pays dividends quarterly.

Is MGYR's dividend growing?

Magyar Bancorp, Inc.'s 3-year dividend CAGR is 44.22%.

MGYR Stock Price, Chart, Stats & News

Magyar Bancorp, Inc.

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Overview Dividend safety Dividends Fundamentals

Magyar Bancorp, Inc. (MGYR) is a dividend-paying stock with a current dividend yield of 2.04% as of Jul 22, 2026. It pays $0.3600 per share over the trailing twelve months and distributes quarterly.

113.81M

Market cap

9.86x

Current P/E

–

Forward P/E

2.04%

Dividend yield

$0.3600

MGYR dividend

Dividend safety

Strong

Dividend coverage looks healthy — MGYR pays out about 20% of earnings.

See the safety analysis

MGYR chart

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Fundamentals

Gross margin	60.99%
Operating margin	25.37%
Pretax margin	25.37%
Net margin	18.05%
Effective tax rate	28.85%
ROA	1.03%
ROE	9.18%
D/E	0.40x
Interest coverage ratio	0.66x

All financials

MGYR valuation

P/E	9.86x
P/S	1.90x
P/B	0.90x
P/CF	9.82x
P/FCF	10.39x
P/OCF	9.82x
PEG	0.94x
EV multiple	4.21x

About

Magyar Bancorp, Inc. functions as the parent entity for Magyar Bank, a financial institution that delivers a wide array of personal and business banking services. Serving individuals, companies, and non-profit organizations throughout New Jersey, USA, the bank provides diverse deposit accounts, including checking, savings, NOW, money market, and retirement plans, in addition to certificates of deposit. Its comprehensive lending solutions encompass residential mortgages, loans for multi-family and commercial properties, home equity lines and loans, commercial business financing, and construction loans, as well as Small Business Administration (SBA) loans.