---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-21-001032"
form_type: "8-K"
ticker: "MGYR"
cik: "0001337068"
company_name: "Magyar Bancorp, Inc."
filed_at: "2021-11-16T23:59:59+00:00"
generated_at: "2026-06-28T07:42:15.572755+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001174947-21-001032
- form_type: 8-K
- ticker: MGYR
- cik: 0001337068
- company_name: Magyar Bancorp, Inc.
- filed_at: 2021-11-16T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1337068/000117494721001032/0001174947-21-001032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1337068/000117494721001032/form8k-26975_mgyr.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-21-001032
- JSON: https://secwatch.observer/filing/0001174947-21-001032.json
- Plain text: https://secwatch.observer/filing/0001174947-21-001032.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.