Kearny Financial Corp. Declares Increased Quarterly Cash Dividend

Rhea-AI Summary

Kearny Financial Corp. (NASDAQ: KRNY) has declared a quarterly cash dividend of $0.09 per share, marking a $0.01 increase from the previous quarter. The dividend is payable on March 17, 2021, to stockholders of record as of March 3, 2021. The company, with total assets of approximately $7.3 billion as of December 31, 2020, operates through Kearny Bank with 49 retail branches in New Jersey and New York.

Positive

• Quarterly cash dividend increased from $0.08 to $0.09 per share.
• Dividend payment indicates confidence in financial stability.

Negative

• None.

FAIRFIELD, N.J., Feb. 17, 2021 (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 $0.09 per share to stockholders of record as of March 3, 2021, payable on March 17, 2021. This represents an increase of $0.01 from the prior quarter’s dividend of $0.08 per share.

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 49 retail branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York. At December 31, 2020, Kearny Financial Corp. had approximately $7.3 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 Kearny Financial Corp.?

Kearny Financial Corp. declared a quarterly cash dividend of $0.09 per share.

When will the dividend be paid to stockholders of Kearny Financial Corp.?

The dividend will be paid on March 17, 2021.

What is the record date for Kearny Financial Corp.'s dividend?

The record date for the dividend is March 3, 2021.

How much were Kearny Financial Corp.'s total assets as of December 31, 2020?

As of December 31, 2020, Kearny Financial Corp. had approximately $7.3 billion in total assets.