Board MeetingMay 29, 2026, 02:55 PM
Kentucky First Federal Board to Consider Quarterly Dividend up to $0.10
AI Summary
Kentucky First Federal Bancorp announced that its Board of Directors will hold a special meeting on July 28, 2026, to consider declaring a quarterly dividend of up to $0.10 per share. This follows the Company's suspension of dividend payments since November 2023. Concurrently, members of First Federal MHC, which holds 58.5% of the Company's stock, will vote on a proposal to waive their right to receive quarterly dividends aggregating up to $0.40 per share.
Key Highlights
- Kentucky First Federal Bancorp's Board of Directors will hold a special meeting on July 28, 2026.
- The Board will evaluate declaring a quarterly dividend not exceeding $0.10 per share.
- The Company previously suspended dividend payments in November 2023, announced January 16, 2024.
- First Federal MHC members will vote on July 28, 2026, to waive rights to dividends up to $0.40 per share.
- First Federal MHC holds 58.5% of the Company's outstanding common stock.
- Any dividend declaration is subject to non-objection from the Federal Reserve Bank of Cleveland.
Price Impact
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