Kearny Financial's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Kearny Financial (NASDAQ:KRNY) has announced a quarterly dividend of 11 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 11 cents lower to reflect the payout. Shareholders who own KRNY as of the end of Monday's session are eligible to receive the dividend, which will be paid out on November 22, 2023.
November 02, 2023 | 2:45 pm
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Kearny Financial's stock price is expected to open lower on Tuesday due to the ex-dividend date. The dividend payout could attract more investors, potentially leading to a rise in the stock price after the payout.
The ex-dividend date typically results in a temporary drop in the stock price, reflecting the amount of the dividend payout. However, the announcement of a dividend can also attract new investors, which could potentially lead to a rise in the stock price after the payout.
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