Kearny Financial (NASDAQ:KRNY) Plans Quarterly Dividend of $0.11

Kearny Financial (NASDAQ:KRNY – Get Free Report) declared a quarterly dividend on Thursday, July 23rd. Stockholders 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) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, August 12th.

Kearny Financial has increased its dividend by an average of 0.1%per year over the last three years. Kearny Financial has a payout ratio of 55.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kearny Financial to earn $0.80 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 55.0%.

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Kearny Financial Price Performance

Shares of NASDAQ KRNY traded down $0.36 during trading on Thursday, hitting $9.12. The company had a trading volume of 862,200 shares, compared to its average volume of 417,460. The business’s 50-day moving average is $8.76 and its 200 day moving average is $8.14. The company has a market cap of $590.43 million, a P/E ratio of 16.00 and a beta of 0.64. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.03. Kearny Financial has a 52 week low of $5.76 and a 52 week high of $9.76.

Kearny Financial (NASDAQ:KRNY – Get Free Report) last announced its earnings results on Thursday, July 23rd. The savings and loans company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). Kearny Financial had a net margin of 10.39% and a return on equity of 4.61%. The company had revenue of $45.69 million for the quarter, compared to analysts’ expectations of $45.61 million. Equities research analysts predict that Kearny Financial will post 0.61 earnings per share for the current fiscal year.

Kearny Financial Company Profile

(Get Free Report)

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.

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