Kearny Financial (KRNY) to Issue Quarterly Dividend of $0.11 on August 26th

Kearny Financial (NASDAQ:KRNY) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Wednesday, August 12th will be paid a dividend of 0.11 per share by the savings and loans company on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, August 12th.

Kearny Financial has increased its dividend payment by an average of 0.0%per year over the last three years. Kearny Financial has a dividend payout ratio of 55.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Kearny Financial to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 44.0%.

Kearny Financial Stock Performance

Shares of NASDAQ KRNY opened at $9.52 on Monday. Kearny Financial has a 52 week low of $5.82 and a 52 week high of $9.81. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50-day simple moving average is $9.10 and its 200-day simple moving average is $8.30. The firm has a market cap of $616.32 million, a price-to-earnings ratio of 16.70 and a beta of 0.64.

Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings results on Thursday, July 23rd. The savings and loans company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The firm had revenue of $45.69 million during the quarter, compared to the consensus estimate of $45.61 million. Kearny Financial had a net margin of 10.45% and a return on equity of 4.92%. As a group, equities research analysts expect that Kearny Financial will post 0.8 earnings per share for the current fiscal year.

About Kearny Financial

Kearny Financial, Inc was the bank holding company for Kearny Bank, a New Jersey–based community bank offering a full suite of commercial and consumer banking services. Through its subsidiary, the company provided deposit products, lending facilities and electronic banking solutions to individuals, small businesses and middle-market corporations.

The company’s core products included checking and savings accounts, certificates of deposit, residential and commercial real estate loans, construction financing, equipment financing, home equity lines of credit and consumer installment loans.