Magyar Bancorp, Inc.
Reinvesting dividends added $217.10 extra to your Magyar Bancorp, Inc. investment over this period.
| Ex-Date | Dividend | Reinvest Price | Shares Added |
|---|---|---|---|
| 2025-02-06 | $0.06 | $14.57 | +0.004118 |
| 2025-05-14 | $0.06 | $14.70 | +0.004098 |
| 2025-08-07 | $0.08 | $17.05 | +0.004731 |
| 2025-11-13 | $0.08 | $16.85 | +0.004809 |
Magyar Bancorp, Inc. (MGYR) is a dividend-paying stock. Over the past year, the company paid 4 dividends totaling $0.2800 per share. When these dividends are reinvested through a DRIP (Dividend Reinvestment Plan), they purchase additional shares, which then generate their own dividends—creating a compounding effect that can significantly boost long-term returns.
Our total return calculator simulates dividend reinvestment (DRIP) by assuming each dividend payment is used to purchase additional shares at the closing price on the ex-dividend date. This methodology provides an accurate representation of how a dividend reinvestment plan would perform. The calculation accounts for the compounding effect where reinvested dividends generate their own future dividends.
Magyar Bancorp, Inc. (MGYR) delivered a total return of 24.44% over the past year when dividends are reinvested. The price-only return was 22.27%, meaning dividends contributed an additional 2.17 percentage points to total returns.
A $10,000 investment in Magyar Bancorp, Inc. one year ago would be worth $12,444 today with dividends reinvested (DRIP). Without reinvesting dividends, the same investment would be worth $12,227. Dividend reinvestment added $217 to the portfolio value.
Yes, Magyar Bancorp, Inc. (MGYR) pays dividends. Over the past year, MGYR paid 4 dividends totaling $0.2800 per share. Reinvesting these dividends through a DRIP can significantly boost long-term returns.
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