Kentucky First Considers Resuming Quarterly Dividend Up to $0.10
KFFB•Kentucky First Federal Bancorp’s board will hold a special meeting on July 28, 2026 to evaluate declaring a quarterly dividend of up to $0.10 per share, its first payout since November 2023. The decision remains discretionary and requires member approval of a waiver proposal and Federal Reserve non-objection.
1. Special Board Meeting Scheduled
Kentucky First Federal Bancorp will convene a special board meeting on July 28, 2026 to consider declaring a quarterly dividend of up to $0.10 per share. Directors may opt for a lower dividend or maintain the current suspension, with no determination yet on amount or frequency.
2. Dividend Suspension History
The board voted on January 16, 2024 to suspend all dividend payments, and Kentucky First has not paid a common dividend since November 2023. This pause was intended to preserve capital following evolving business and market conditions.
3. Member Waiver Proposal
First Federal Mutual Holding Company, which holds 58.5% of Kentucky First’s outstanding shares, will meet on July 28 to vote on a proposal to waive its right to receive dividends up to $0.40 per share over the next 12 months. Similar waivers have been approved by members annually since 2012.
4. Regulatory Non-Objection Requirement
Any dividend declaration by the board is subject to non-objection from the Federal Reserve Bank of Cleveland. Final approval depends on both regulatory clearance and the outcome of the MHC members’ waiver vote.
