Kearny Financial Corp. Declares Quarterly Cash Dividend

(Neutral)

Rhea-AI Summary

Kearny Financial Corp. (NASDAQ GS: KRNY) announced a quarterly cash dividend of $0.08 per share, benefiting stockholders of record as of June 3, 2020. The dividend will be payable on June 17, 2020. As of March 31, 2020, the Company held approximately $6.8 billion in total assets, operating through 46 retail branches in New Jersey and New York.

Positive

Quarterly dividend of $0.08 per share declared, enhancing shareholder income.
Company maintains strong asset base with approximately $6.8 billion in total assets.

Negative

None.

News Market Reaction – KRNY

-0.60%

-0.60% Session move

In the trading session that priced this news, KRNY declined 0.60%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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05/20/2020 - 04:30 PM

FAIRFIELD, N.J., May 20, 2020 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), announced today that the Company’s Board of Directors has declared a quarterly cash dividend of $0.08 per share to stockholders of record as of June 3, 2020, payable on June 17, 2020.

About Kearny Financial Corp.
Kearny Financial Corp. is the parent company of Kearny Bank which operates from its administrative headquarters in Fairfield, New Jersey, and a total of 46 retail branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York. At March 31, 2020, Kearny Financial Corp. had approximately $6.8 billion in total assets.

For further information contact:
Craig L. Montanaro, President and Chief Executive Officer, or
Keith Suchodolski, Executive Vice President and Chief Financial Officer
Kearny Financial Corp.
(973) 244-4500

FAQ

What is the dividend amount declared by KRNY in May 2020?

Kearny Financial Corp. declared a dividend of $0.08 per share.

When is the dividend payable date for KRNY?

The dividend is payable on June 17, 2020.

Who are the stockholders of record for KRNY's dividend?

The stockholders of record are those on record as of June 3, 2020.

What is the total asset value of Kearny Financial Corp. as of March 2020?

As of March 31, 2020, Kearny Financial Corp. had approximately $6.8 billion in total assets.