Kearny Financial Corp. (NASDAQ:KRNY) Declares $0.11 Quarterly Dividend

Kearny Financial Corp. (NASDAQ:KRNY) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Wednesday, May 8th will be given a dividend of 0.11 per share by the savings and loans company on Wednesday, May 22nd. This represents a $0.44 annualized dividend and a dividend yield of 7.64%. The ex-dividend date of this dividend is Tuesday, May 7th.

Kearny Financial has raised its dividend by an average of 11.2% annually over the last three years. Kearny Financial has a dividend payout ratio of 81.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Kearny Financial Trading Up 1.9 %

KRNY opened at $5.76 on Monday. The stock has a market capitalization of $371.17 million, a PE ratio of 23.04 and a beta of 0.73. Kearny Financial has a one year low of $5.28 and a one year high of $9.46. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.09 and a current ratio of 1.09. The business’s 50 day moving average price is $6.00 and its 200 day moving average price is $7.18.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Kearny Financial from a “hold” rating to a “sell” rating in a report on Friday, January 12th.

Insider Transactions at Kearny Financial

In other Kearny Financial news, Director Christopher Petermann bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average cost of $6.14 per share, with a total value of $61,400.00. Following the purchase, the director now directly owns 56,139 shares in the company, valued at $344,693.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Melvina Wong-Zaza bought 3,945 shares of the stock in a transaction dated Wednesday, February 14th. The stock was acquired at an average price of $6.47 per share, for a total transaction of $25,524.15. Following the acquisition, the director now owns 6,595 shares in the company, valued at approximately $42,669.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher Petermann purchased 10,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $6.14 per share, for a total transaction of $61,400.00. Following the transaction, the director now owns 56,139 shares of the company’s stock, valued at $344,693.46. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 15,945 shares of company stock valued at $98,664. 8.22% of the stock is currently owned by corporate insiders.

About Kearny Financial

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.