secwatch.observer — SEC 8-K summary
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Issuer:     Magyar Bancorp, Inc. (MGYR)
CIK:        0001337068
Form:       8-K
Filed at:   2021-11-16T23:59:59+00:00
Accession:  0001174947-21-001032
Event type: dividend
Sentiment:  positive
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1337068/000117494721001032/0001174947-21-001032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1337068/000117494721001032/form8k-26975_mgyr.htm
  HTML page:      https://secwatch.observer/filing/0001174947-21-001032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer