Do These 3 Checks Before Buying Kearny Financial Corp. (NASDAQ:KRNY) For Its Upcoming Dividend
Kearny Financial Corp. (NASDAQ:KRNY) is set to pay a dividend of US$0.11 per share, offering a 4.6% trailing yield. However, the company's dividend sustainability is questioned due to declining earnings per share over the past five years and a high payout ratio of 76% of its earnings. Investors should exercise caution as the company's financial health suggests potential risks to future dividend growth.
Why it matters
Attributed market update with source link for portfolio context.