Kentucky First Federal Bancorp Announces Payment of Quarterly Dividend

Rhea-AI Summary

Kentucky First Federal Bancorp (NASDAQ: KFFB) announced a cash dividend of $0.10 per share, payable on May 16, 2022, to shareholders of record as of April 29, 2022. The Board of Directors deemed this dividend appropriate based on the Company's strong capital position and financial condition. As of March 31, 2022, KFFB had approximately 8,218,215 shares outstanding, with 57.53% held by First Federal MHC. The Company operates multiple banking offices across Kentucky, which contributes to its solid financial standing.

Positive

• Declared a cash dividend of $0.10 per share, indicating strong financial health.
• Dividends payable to shareholders enhances income and confidence among investors.
• Solid capital position supports continued dividend payments.

Negative

• None.

HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., April 06, 2022 (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 16, 2022, to shareholders of record on April 29, 2022. 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, 2022, the Company had approximately 8,218,215 shares outstanding of which approximately 57.53% 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 shareholders?

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

When will KFFB's dividend be paid?

The dividend will be paid on May 16, 2022.

Who is eligible to receive the KFFB dividend?

Shareholders of record as of April 29, 2022, are eligible to receive the dividend.

What is the significance of the dividend declaration for KFFB?

The declaration reflects the Company's strong capital position and financial condition.