Magyar Bancorp Declares Special Cash Dividend Of $0.07 Per Share
Portfolio Pulse from Benzinga Newsdesk
Magyar Bancorp has declared a special cash dividend of $0.07 per share, payable on December 12, 2023, to shareholders of record as of November 28, 2023.
November 14, 2023 | 8:06 pm
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Magyar Bancorp has announced a special cash dividend of $0.07 per share, which is likely to be well-received by investors and could have a positive impact on the stock price in the short term.
Special dividends are often viewed positively by the market as they represent a distribution of excess cash to shareholders. This can lead to a short-term increase in stock price as investors may buy shares to capture the dividend. The announcement directly pertains to Magyar Bancorp and is critical for investors looking for income or signs of financial health in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100