Kearny Financial's most recent quarterly dividend was on Feb 6, 2024 (ex-date) with a cash dividend payment of $0.11 per share. On an annualized basis, the company has a current payout of $0.44 per share. This brings the dividend yield to 7.53% based on its recent close price.
KRNY has a dividend yield of 7.53% which is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 3.44%, Kearny Financial's dividend yield is 119% higher. The current dividend yield is above the historical average of 3.7% of the last 5 years.
Kearny Financial has a long dividend history, including the last eight consecutive years with dividend payouts. KRNY has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed for the last year. But since the stock price has gone down by 26% from a year ago, the dividend yield has increased by 34%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 6, 2024 | Feb 21, 2024 | Jan 24, 2024 | $0.11 | normal |
| Nov 7, 2023 | Nov 22, 2023 | Oct 26, 2023 | $0.11 | normal |
| Aug 8, 2023 | Aug 23, 2023 | Jul 27, 2023 | $0.11 | normal |
| May 9, 2023 | May 24, 2023 | Apr 27, 2023 | $0.11 | normal |
| Feb 7, 2023 | Feb 22, 2023 | Jan 26, 2023 | $0.11 | normal |
| Nov 8, 2022 | Nov 23, 2022 | Oct 27, 2022 | $0.11 | normal |
| Aug 9, 2022 | Aug 24, 2022 | Jul 28, 2022 | $0.11 | normal |
| May 10, 2022 | May 25, 2022 | Apr 28, 2022 | $0.11 | normal |
| Feb 8, 2022 | Feb 23, 2022 | Jan 27, 2022 | $0.11 | normal |
| Nov 9, 2021 | Nov 24, 2021 | Oct 27, 2021 | $0.11 | normal |
| Aug 31, 2021 | Sep 15, 2021 | Aug 18, 2021 | $0.1 | normal |
| Jun 1, 2021 | Jun 16, 2021 | May 19, 2021 | $0.1 | normal |
| Mar 2, 2021 | Mar 17, 2021 | Feb 17, 2021 | $0.09 | normal |
| Dec 3, 2020 | Dec 18, 2020 | Nov 18, 2020 | $0.08 | normal |
| Sep 1, 2020 | Sep 16, 2020 | Aug 19, 2020 | $0.08 | normal |
| Jun 2, 2020 | Jun 17, 2020 | May 20, 2020 | $0.08 | normal |
| Mar 3, 2020 | Mar 18, 2020 | Feb 19, 2020 | $0.08 | normal |
| Dec 5, 2019 | Dec 20, 2019 | Nov 20, 2019 | $0.07 | normal |
| Sep 3, 2019 | Sep 18, 2019 | Aug 21, 2019 | $0.06 | normal |
| May 28, 2019 | Jun 12, 2019 | May 15, 2019 | $0.06 | normal |
| Mar 5, 2019 | Mar 20, 2019 | Feb 20, 2019 | $0.06 | normal |
| Nov 27, 2018 | Dec 12, 2018 | Nov 14, 2018 | $0.05 | normal |
| Oct 2, 2018 | Oct 17, 2018 | Sep 19, 2018 | $0.16 | special |
| Aug 28, 2018 | Sep 12, 2018 | Aug 15, 2018 | $0.04 | normal |
| Jun 5, 2018 | Jun 20, 2018 | May 24, 2018 | $0.04 | normal |
| Mar 6, 2018 | Mar 21, 2018 | Feb 21, 2018 | $0.03 | normal |
| Dec 5, 2017 | Dec 20, 2017 | Nov 15, 2017 | $0.03 | normal |
| Oct 3, 2017 | Oct 18, 2017 | Sep 20, 2017 | $0.12 | special |
| Aug 28, 2017 | Sep 13, 2017 | Aug 16, 2017 | $0.03 | normal |
| Jun 5, 2017 | Jun 21, 2017 | May 24, 2017 | $0.03 | normal |
| Feb 27, 2017 | Mar 15, 2017 | Feb 15, 2017 | $0.03 | normal |
| Nov 28, 2016 | Dec 14, 2016 | Nov 16, 2016 | $0.02 | normal |
| Aug 29, 2016 | Sep 14, 2016 | Aug 17, 2016 | $0.02 | normal |
| May 27, 2016 | Jun 15, 2016 | May 20, 2016 | $0.02 | normal |
KRNY has a payout ratio of 151.7% which is higher than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 39.5%, Kearny Financial's payout ratio is 284% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| KRNY Kearny Financial Corp | 7.53% | $0.44 | 151.7% |
| PFS Provident Financial Services Inc | 6.64% | $0.96 | 55.8% |
| NFBK Northfield Bancorp Inc | 6.11% | $0.52 | 60.5% |
| OCFC Oceanfirst Financial Corp | 5.27% | $0.8 | 47.1% |
Yes, Kearny Financial has been paying dividends for the last eight years.
Currently KRNY's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in May 2024.
Kearny Financial's last dividend ex-date was on Feb 6, 2024. The dividend amount was $0.11 per share.
KRNY has paid dividend of $0.44 per share in the last year.
The current dividend yield of Kearny Financial is 7.53%.
Kearny Financial pays four dividends per year.
Kearny Financial's dividend payout ratio is 151.7%.
Kearny Financial's dividend yield is above the Financial Services sector average.