MGYR

Business Context and Reporting Period

Company: Magyar Bancorp, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: April 21, 2022
Principal Executive Offices: 400 Somerset Street, New Brunswick, New Jersey 08901
Trading Symbol: MGYR (NASDAQ)

Key Financial Metrics

This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The report focuses exclusively on a corporate action regarding shareholder dividends.

Material Changes

The filing reports the Board of Directors' approval of a quarterly cash dividend. No other material changes to operations or financial condition are disclosed in this document.

Guidance, Outlook, and Management Commentary

Dividend Announcement:

• Amount: $0.03 per common share.
• Record Date: May 5, 2022.
• Payment Date: May 19, 2022.

The filing incorporates a press release (Exhibit 99.1) detailing this announcement. No forward-looking guidance, risk factors, or contingencies are discussed in this specific report.

Investor Verification Checklist

• Verify the record date (May 5, 2022) to ensure eligibility for the $0.03 dividend.
• Confirm the payment date (May 19, 2022) for cash flow planning.
• Review the full text of the press release (Exhibit 99.1) for any additional context not summarized here.
• Note that this 8-K does not provide updated financial statements; refer to the most recent 10-Q or 10-K for financial metrics.