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

Kearny Financial (NASDAQ:KRNY) announced a quarterly dividend on Thursday, January 22nd. Shareholders of record on Wednesday, February 4th will be given a dividend of 0.11 per share by the savings and loans company on Wednesday, February 18th. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Wednesday, February 4th.

Kearny Financial has raised its dividend payment by an average of 0.1%per year over the last three years. Kearny Financial has a dividend payout ratio of 55.7% indicating that its dividend is sufficiently covered by earnings.

Kearny Financial Price Performance

Shares of NASDAQ:KRNY opened at $8.10 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.05 and a quick ratio of 1.04. Kearny Financial has a 1-year low of $5.45 and a 1-year high of $8.50. The company has a market capitalization of $524.39 million, a P/E ratio of 17.23 and a beta of 0.70. The firm’s 50 day simple moving average is $7.41 and its two-hundred day simple moving average is $6.79.

Kearny Financial (NASDAQ:KRNY) last announced its quarterly earnings data on Thursday, January 22nd. The savings and loans company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Kearny Financial had a return on equity of 3.89% and a net margin of 8.57%.The firm had revenue of $43.54 million during the quarter, compared to analysts’ expectations of $44.84 million.

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.