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

Kearny Financial Corp. (NASDAQ:KRNY) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Wednesday, May 8th will be paid 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 yield of 7.64%. The ex-dividend date is Tuesday, May 7th.

Kearny Financial has increased its dividend by an average of 11.2% per year 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 decline.

Kearny Financial Trading Up 1.9 %

Shares of KRNY opened at $5.76 on Monday. Kearny Financial has a twelve month low of $5.28 and a twelve month high of $9.46. The stock has a market cap of $371.17 million, a PE ratio of 23.04 and a beta of 0.73. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.97. 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 downgraded shares of Kearny Financial from a “hold” rating to a “sell” rating in a report on Friday, January 12th.

Insider Buying and Selling

In other Kearny Financial news, Director Melvina Wong-Zaza purchased 3,945 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was purchased at an average price of $6.47 per share, for a total transaction of $25,524.15. Following the transaction, 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. In related news, Director Melvina Wong-Zaza bought 3,945 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was bought at an average cost of $6.47 per share, for a total transaction of $25,524.15. Following the completion of the transaction, the director now owns 6,595 shares of the company’s stock, valued at $42,669.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher Petermann purchased 10,000 shares of the stock in a transaction on Thursday, February 8th. The shares were purchased at an average price of $6.14 per share, for a total transaction of $61,400.00. Following the transaction, the director now directly owns 56,139 shares of the company’s stock, valued at $344,693.46. The disclosure for this purchase can be found here. Insiders acquired a total of 15,945 shares of company stock worth $98,664 over the last ninety days. 8.22% of the stock is 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.