Kentucky First Federal Bancorp Announces Payment of Quarterly Dividend

Rhea-AI Summary

Kentucky First Federal Bancorp (KFFB) declared a cash dividend of $0.10 per share, scheduled for payment on May 17, 2021, to shareholders on record by April 30, 2021. The Board emphasized that the dividend reflects the company’s solid capital position and financial health. As of March 31, 2021, KFFB had approximately 8,226,715 shares outstanding, with 57.5% held by First Federal MHC. The company operates seven banking offices across Kentucky, demonstrating a stable operational footprint.

Positive

• Cash dividend of $0.10 per share demonstrates strong capital position.
• Dividend payment reflects confidence in financial health.
• Approximately 57.5% of shares held by First Federal MHC indicates stability.

Negative

• Forward-looking statements highlight risks including economic conditions and regulatory changes.

HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., April 07, 2021 (GLOBE NEWSWIRE) -- Kentucky First Federal Bancorp (Nasdaq: KFFB) the holding company for First Federal Savings and Loan Association of Hazard, Kentucky and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced that the Company’s Board of Directors declared a cash dividend of $0.10 per share payable on May 17, 2021, to shareholders of record on April 30, 2021. Tony Whitaker, Chairman of the Company, stated that the Board of Directors determined that the payment of the dividend was appropriate in light of the Company’s capital position and financial condition.

This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Act of 1995 or the Securities and Exchange Commission in its rules, regulations and releases. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. All forward-looking statements are based on current expectations regarding important risk factors including, but not limited to, real estate values, the impact of interest rates on financing, changes in general economic conditions, legislative and regulatory changes that adversely affect the business of the Company and the ability of First Federal MHC to waive dividends and changes in the securities markets. Accordingly, actual results may differ from those expressed in the forward-looking statements, and the making of such statements should not be regarded as a representation by the Company or any other person that results expressed therein will be achieved.

Kentucky First Federal Bancorp is the parent company of First Federal Savings and Loan Association, which operates one banking office in Hazard, Kentucky and First Federal Savings Bank of Kentucky, which operates six banking offices in Kentucky, including three in Frankfort, two in Danville, and one in Lancaster. Kentucky First Federal Bancorp shares are traded on the NASDAQ National Market under the symbol KFFB. At March 31, 2021 the Company had approximately 8,226,715 shares outstanding of which approximately 57.5% was held by First Federal MHC.

Contact:                  
Kentucky First Federal Bancorp
Don Jennings, President                        
Clay Hulette, Vice President                
(502) 223-1638

FAQ

What is the dividend payment date for KFFB?

The dividend payment date for KFFB is May 17, 2021.

What is the amount of the dividend declared by Kentucky First Federal Bancorp?

Kentucky First Federal Bancorp declared a cash dividend of $0.10 per share.

Who are the shareholders of record for the KFFB dividend?

The shareholders of record for the KFFB dividend are those as of April 30, 2021.

What percentage of KFFB shares is held by First Federal MHC?

Approximately 57.5% of KFFB shares are held by First Federal MHC.