Kentucky First Federal Bancorp Announces Payment of Quarterly Dividend

Rhea-AI Summary

Kentucky First Federal Bancorp (KFFB) announced a cash dividend of $0.10 per share, set to be paid on November 15, 2021, for shareholders on record by October 29, 2021. Chairman Tony Whitaker stated that this decision reflects the company’s solid capital position and financial condition. At the end of September 2021, KFFB had approximately 8,222,046 shares outstanding, with about 57.5% held by First Federal MHC. The company operates several banking offices in Kentucky, emphasizing its local presence and community engagement.

Positive

• Declared a cash dividend of $0.10 per share.
• Dividend reflects the company's solid capital position.
• Approximately 57.5% shares held by First Federal MHC indicating strong internal support.

Negative

• None.

HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., Oct. 06, 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 November 15, 2021, to shareholders of record on October 29, 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 September 30, 2021, the Company had approximately 8,222,046 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 amount for KFFB?

The dividend amount declared by Kentucky First Federal Bancorp is $0.10 per share.

When will KFFB pay its dividend?

Kentucky First Federal Bancorp will pay its dividend on November 15, 2021.

What is the record date for KFFB's dividend?

The record date for Kentucky First Federal Bancorp's dividend is October 29, 2021.

What is the significance of the dividend declaration for KFFB?

The dividend declaration reflects the company’s strong capital position and financial health.