Magyar Bancorp declares $0.12 special cash dividend; first since July 2021 conversion

Magyar Bancorp, Inc.

Special cash dividend of $0.12 per common share declared for shareholders of record Nov 30, 2021.
Payable on December 14, 2021; first dividend since completing mutual-to-stock conversion in July 2021.
Company intends to consider adopting a regular cash dividend policy in the future, but no assurance given.
CEO John Fitzgerald states dividend reflects commitment to enhancing shareholder value.

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