MGYR

Business Context and Reporting Period

Company: Magyar Bancorp, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: January 27, 2022
Reporting Period: Single event date (January 27, 2022)

Key Financial Metrics

This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity metrics. The report focuses exclusively on a corporate action regarding shareholder distributions.

Material Changes

The filing reports the Board of Directors' approval of a quarterly cash dividend. There are no reported material changes to financial performance or operational status in this document.

Guidance, Outlook, and Management Commentary

Dividend Announcement:

• Amount: $0.03 per common share
• Record Date: February 10, 2022
• Payment Date: February 24, 2022

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

Investor Verification Checklist

• Verify the record date (February 10, 2022) to confirm eligibility for the $0.03 dividend.
• Confirm the payment date (February 24, 2022) for cash flow planning.
• Review the full text of Exhibit 99.1 (Press Release) for any additional context not summarized in the 8-K.
• Check subsequent filings for the company's quarterly financial results, as this 8-K does not contain performance data.