Magyar Bancorp (Magyar Bancorp) Dividend Payout Ratio : 0.16 (As of Dec. 2023)

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What is Magyar Bancorp Dividend Payout Ratio?

Magyar Bancorp's dividend payout ratio for the months ended in Dec. 2023 was 0.16.

The historical rank and industry rank for Magyar Bancorp's Dividend Payout Ratio or its related term are showing as below:

MGYR' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.52 Max: 0.6
Current: 0.11

During the past 13 years, the highest Dividend Payout Ratio of Magyar Bancorp was 0.60. The lowest was 0.11. And the median was 0.52.

MGYR's Dividend Payout Ratio is ranked better than
92.02% of 1090 companies
in the Banks industry
Industry Median: 0.34 vs MGYR: 0.11

As of today (2024-04-25), the Dividend Yield % of Magyar Bancorp is 1.33%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Magyar Bancorp was 1.33%. The lowest was 0.25%. And the median was 1.07%.

Magyar Bancorp's Dividends per Share for the months ended in Dec. 2023 was $0.04.

During the past 12 months, Magyar Bancorp's average Dividends Per Share Growth Rate was 8.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Magyar Bancorp Dividend Payout Ratio Historical Data

The historical data trend for Magyar Bancorp's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Magyar Bancorp Dividend Payout Ratio Chart

Magyar Bancorp Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Dividend Payout Ratio

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0.44

0.60

Magyar Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.11	0.11	0.10	0.09	0.16

Competitive Comparison of Magyar Bancorp's Dividend Payout Ratio

For the Banks - Regional subindustry, Magyar Bancorp's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Magyar Bancorp's Dividend Payout Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Magyar Bancorp's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Magyar Bancorp's Dividend Payout Ratio falls into.

Magyar Bancorp Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Magyar Bancorp's Dividend Payout Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Sep. 2023 )	/	EPS without NRI (A: Sep. 2023 )
	=	0.12	/	0.2
	=	0.60

Magyar Bancorp's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.04	/	0.253
	=	0.16

Magyar Bancorp (NAS:MGYR) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Magyar Bancorp Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Magyar Bancorp's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Magyar Bancorp (Magyar Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Magyar Bancorp Inc (NAS:MGYR) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Somerset Street, New Brunswick, NJ, USA, 08901

Website

https://www.magbank.com

Magyar Bancorp Inc is a mid-tier stock holding company. The Company offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer and home equity loans; and the provision of other financial services. The business consists of getting retail deposits from the general public in the areas surrounding the main office in New Brunswick, New Jersey and branch offices located in Middlesex and Somerset Counties, New Jersey, and investing those deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, Small Business Administration loans.

Executives

Michael F Lombardi	director	1862 OAK TREE RD., C/O LOMBARDI & LOMBARDI, EDISNO NJ 08818
Maureen Ruane	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08901
Susan Eisenhauer	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08901
Peter Mcintyre Brown	officer: SVP and CLO	400 SOMERSET STREET, NEW BRUNSWICK NJ 08901
Joseph A Yelencsics	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Jon Ansari	officer: Senior Vice President, C.F.O.	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
John S Fitzgerald	officer: EVP and Chief Lending Officer	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Lukacs Joseph J Jr	director, other: Chairman of the Board	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Stokes Edward C Iii	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Brian Stanley	officer: SVP and Chief Lending Officer	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Elizabeth E Hance	director, officer: President and CEO	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Salvatore J Romano	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Thomas Lankey	director, other: Vice Chairman of the Board	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Andrew G Hodulik	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Martin A Lukacs	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903