SmarterDividends
MGYR

Magyar Bancorp, Inc.

MGYR

Financial Services · Banks - Regional · Stock · quarterly payer

$19.84

Undervalued · +43% Add to Portfolio

Forward Yield

2.01%

Annual Dividend

$0.40

Payout Ratio

19%

5-Yr Growth

—

Ex-Date

Aug 6, 2026

Frequency

Quarterly

Key facts about MGYR's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Magyar Bancorp, Inc. (MGYR) has a forward dividend yield of 2.01%, based on an annual dividend of $0.40 per share and a share price of $19.84.
  • As of Oct 18, 2026, MGYR's dividend safety grade from SmarterDividends is B (77 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Magyar Bancorp, Inc. (MGYR) has raised its dividend for 3 consecutive years as of Oct 18, 2026.
  • MGYR has never cut its regular dividend in the payment history SmarterDividends has on record.
  • MGYR's most recent ex-dividend date was Aug 6, 2026, for a dividend of $0.10 per share.
  • As of Oct 18, 2026, MGYR pays out 19% of its trailing 12-month earnings as dividends (its payout ratio).
  • As of Oct 18, 2026, MGYR's 2.01% yield is 21% above its five-year average yield of 1.66%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for MGYR is $28.47 per share, 43% above the $19.84 share price, so MGYR screens as undervalued.
  • Magyar Bancorp, Inc. (MGYR) pays its dividend quarterly, 4 times a year.
  • Magyar Bancorp, Inc. (MGYR) has raised its regular dividend 5 times and cut it 0 times across the 23 payments on record since 2021. Its most recent change was a 25.0% increase to $0.100 per share, going ex-dividend on Feb 12, 2026.
Cite this page

SmarterDividends, "MGYR Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/MGYR

Summary

As of Oct 18, 2026, Magyar Bancorp, Inc. (MGYR) yields 2.01% ($0.40 a year per share), has a dividend safety grade of B (77/100) and has 3 consecutive years of dividend increases on record.

Is MGYR a good dividend stock?

Yes

Magyar Bancorp, Inc. (MGYR) pays a quarterly dividend yielding 2.01% ($0.40/yr), with 3 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Never cut its dividend on record
  • Comfortable payout ratio (19%)
  • 65% total price return over 5 years

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
2.01%
Payout Ratio
19%
Annual Dividend
$0.40
5-Yr Avg Growth
—
Ex-Dividend Date
Aug 6, 2026
Years of Growth
3
Frequency
quarterly
Beta
0.27
Market Cap
$128.1M
P/E Ratio
10.6
5-Yr Total Return
65%
52-Week Range
$16.03 – $20.00
Dividend Safety
B · 77/100
Ever Cut?
No

MGYR dividend raises and cuts

Magyar Bancorp, Inc. (MGYR) has raised its regular dividend 5 times and cut it 0 times across the 23 payments on record since 2021. Its most recent change was a 25.0% increase to $0.100 per share, going ex-dividend on Feb 12, 2026.

Ex-dateChangeOld → newMove
Feb 12, 2026Raise$0.0800 → $0.100+25.0%
Aug 7, 2025Raise$0.0600 → $0.0800+33.3%
Feb 6, 2025Raise$0.0500 → $0.0600+20.0%
Feb 7, 2024Raise$0.0400 → $0.0500+25.0%
Nov 8, 2023Raise$0.0300 → $0.0400+33.3%
Every MGYR payment →Download every raise and cut (CSV)
MGYR ex-dividend date & scheduleNext ex-date Aug 6, 2026 · full ex-dividend historyView →MGYR dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is MGYR a good dividend stock?

Yes. Magyar Bancorp, Inc. (MGYR) pays a quarterly dividend yielding 2.01% ($0.40/yr), with 3 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is MGYR undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MGYR's fair value is about $28.47 versus a $19.84 share price — so it looks undervalued (+43% vs. fair value).

Is MGYR's dividend safe?

MGYR has a dividend-safety grade of B (77/100), based on its payout coverage, free-cash-flow, 3-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is MGYR's fair value?

Our blended fair-value estimate for MGYR is about $28.47 per share, roughly 43% above the current $19.84 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MGYR a buy, hold, or sell?

We don't issue formal ratings, but on the data MGYR screens as "yes" and undervalued. Magyar Bancorp, Inc. (MGYR) pays a quarterly dividend yielding 2.01% ($0.40/yr), with 3 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will MGYR cut its dividend?

MGYR earns a dividend-safety grade of B (77/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MGYR pay a dividend?

Yes. Magyar Bancorp, Inc. pays a quarterly dividend of about $0.40 per share annually, a forward yield of roughly 2.01%.

What is MGYR's dividend yield?

As of Oct 18, 2026, MGYR's forward dividend yield is 2.01%, based on a $0.40 annual dividend and a $19.84 share price.

What is MGYR's dividend per share?

As of Oct 18, 2026, MGYR pays $0.40 per share per year, distributed on a quarterly basis.

What is MGYR's dividend payout ratio?

As of Oct 18, 2026, MGYR's payout ratio is 19% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has MGYR grown its dividend?

As of Oct 18, 2026, MGYR has increased its dividend for 3 consecutive years.

When is the next MGYR ex-dividend date?

As of Oct 18, 2026, MGYR's next ex-dividend date hasn't been announced. The most recent was Aug 6, 2026, for $0.10 per share.

Income Calculator

At $0.40 / yr per share

Per payment (quarterly)$10.00
Annual$40.00
Monthly avg$3.33

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