Kentucky First Federal Bancorp Announces Payment of Quarterly Dividend
Kentucky First Federal Bancorp (KFFB) announced a cash dividend of $0.10 per share payable on February 14, 2022, to shareholders of record on January 31, 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Kentucky First Federal Bancorp (KFFB) announced a cash dividend of $0.10 per share payable on February 14, 2022, to shareholders of record on January 31, 2022. The Board of Directors confirmed that this dividend is appropriate given the Company's strong capital position and financial condition. As of December 31, 2021, KFFB had approximately 8,218,215 shares outstanding, with 57.53% held by First Federal MHC. This decision reflects the Company's commitment to returning value to its shareholders.
Positive
- Dividend of $0.10 per share demonstrates financial health.
- Board's confidence in capital position and financial condition.
Negative
- None.
Details
News Market Reaction – KFFB
The recorded move for KFFB in the trading session of this news was +0.55%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., Jan. 07, 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
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 December 31, 2021, the Company had approximately 8,218,215 shares outstanding of which approximately
Contact:
Kentucky First Federal Bancorp
Don Jennings, President
Clay Hulette, Vice President
(502) 223-1638
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.