Magyar Bancorp, Inc. (MGYR) Dividends
MGYR Price Forecast Based on Dividend Discount Model
Current Price | DDM Fair Value Target: | Forecasted Gain: |
$12.25 | $1.44 | -88.4% |
For dividend yielding stocks, the Dividend Discount Model (DDM) is a common valuation tool; it attempts to extrapolate a fair share price based primarily on the dividend the stock provides relative to a number of other quantiative aspects of its business. In the case of MGYR, the DDM model generated by StockNews estimates a return of negative 88.4% in comparison to its current price. To help understand and contextualize the model's evaluation of MGYR, investors may wish to consider are:
- If we compare the valuation opportunity a dividend discount model provides relative to other dividend stocks in the Financial Services sector, the expected return of -88.4%, based on the stock's current share price and target price based on a dividend discount model, is greater than just 2.33% of the DDM-forecasted return of its its sector peers.
- Compared to all dividend issuing stocks in our set, MGYR has a discount rate lower than just 2.33% of them (a lower discount rate is associated with lower risk).
- Beta tells us how volatile a stock's price is relative to the broader equity index; for Magyar Bancorp Inc, its beta is lower than 99.65% of dividend issuing stocks we observed.
MGYR Dividend History
Ex-Dividend Date | Type | Payout Amount | Change |
---|---|---|---|
2024-08-08 | Dividend | $0.05 | -- |
2024-05-06 | Dividend | $0.05 | -- |
2024-02-07 | Dividend | $0.05 | -28.57% |
2023-11-27 | Dividend | $0.07 | +75.00% |
2023-11-08 | Dividend | $0.04 | +33.33% |
2023-08-02 | Dividend | $0.03 | -- |
2023-05-03 | Dividend | $0.03 | -- |
2023-02-08 | Dividend | $0.03 | -62.50% |
2022-11-28 | Dividend | $0.08 | +166.67% |
2022-11-09 | Dividend | $0.03 | -- |
2022-08-03 | Dividend | $0.03 | -- |
2022-05-04 | Dividend | $0.03 | -- |
2022-02-09 | Dividend | $0.03 | -- |
MGYR Dividends vs. Peers
MGYR's dividend yield currently ranks #67 of 111 vs. its peers in the Northeast Regional Banks category.