Kentucky First (NASDAQ: KFFB) sets July 28 meeting on dividends
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Kentucky First Federal Bancorp disclosed that its board of directors will hold a special meeting on July 28, 2026 to evaluate whether to resume paying a quarterly dividend on its common stock, in an amount up to $0.10 per share. The board may instead declare a smaller dividend or none at all, and has made no decision on future dividend level, timing, or frequency.
The company previously suspended dividends in January 2024 and has not paid one since November 2023. On July 28, 2026, members of First Federal MHC, which holds 58.5% of the company’s common stock, will also vote on a proposal allowing the MHC to waive its right to receive up to $0.40 per share in aggregate quarterly dividends over the 12 months after approval. Any dividend remains subject to required non-objection from the Federal Reserve Bank of Cleveland.
Positive
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Negative
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8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Potential quarterly dividend cap: $0.10 per share
MHC dividend waiver cap: $0.40 per share
MHC ownership stake: 58.5% of common stock
+4 more
7 metrics
Potential quarterly dividend cap
$0.10 per share
Maximum amount board will evaluate on July 28, 2026
MHC dividend waiver cap
$0.40 per share
Aggregate quarterly dividends over 12 months after member approval
MHC ownership stake
58.5% of common stock
First Federal MHC holding as stated in release
Shares outstanding
8,086,715 shares
Common stock outstanding as of March 31, 2026
Dividend suspension date
January 16, 2024
Board voted to suspend dividend payments
Last dividend payment
November 2023
Most recent dividend before suspension
Special board meeting date
July 28, 2026
Board evaluates resuming quarterly dividend
Key Terms
quarterly dividend, dividend waiver, First Federal MHC, forward-looking statements, +2 more
6 terms
quarterly dividend financial
"to evaluate whether to declare a quarterly dividend on shares of the Company’s common stock"
A quarterly dividend is a payment a company gives to its shareholders four times a year, usually as a share of its profits. It's like getting a small bonus every few months for owning the company's stock, which can provide a steady income. Investors watch these payments to see how well a company is doing and whether it’s a good investment.
dividend waiver financial
"to vote on a proposal to permit First Federal MHC to waive its right to receive quarterly dividends"
First Federal MHC financial
"First Federal MHC holds 58.5% of the Company’s outstanding shares of common stock"
forward-looking statements regulatory
"This press release may contain statements that are forward-looking, as that term is defined"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Act of 1995 regulatory
"as that term is defined by the Private Securities Litigation Act of 1995 or the Securities and Exchange Commission"
A U.S. federal law that changed how private lawsuits over alleged securities fraud are brought and handled. It introduced clearer rules for who leads group suits, raised the bar for what plaintiffs must show early on, and limited early-stage discovery and certain lawsuits over forward-looking statements. Investors care because the law affects a company’s legal risk, the likelihood and size of settlements, and short-term stock volatility—like a referee tightening rules to reduce frivolous challenges and keep the game more orderly.
non-objection regulatory
"remains subject to any required non-objection of the Federal Reserve Bank of Cleveland"
FAQ
What did Kentucky First Federal Bancorp (KFFB) announce about its dividend?
Kentucky First Federal Bancorp’s board will meet on July 28, 2026 to evaluate resuming a quarterly dividend up to $0.10 per share. The board may opt for a smaller dividend or none, and no final decision has been made yet.
When did Kentucky First Federal Bancorp (KFFB) suspend its dividend and when was the last payment?
The board voted to suspend dividends on January 16, 2024, and Kentucky First Federal Bancorp has not paid a dividend since November 2023. The new special board meeting will consider whether to restart quarterly dividend payments on its common stock.
What role does First Federal MHC play in KFFB’s potential dividends?
First Federal MHC owns 58.5% of KFFB’s common stock. Its members will vote on July 28, 2026 on whether the MHC may waive up to $0.40 per share in aggregate quarterly dividends over 12 months following approval of the waiver proposal.
Are any regulatory approvals required before Kentucky First (KFFB) can pay dividends?
Yes. Any dividend declaration and payment by Kentucky First Federal Bancorp’s board remains subject to any required non-objection from the Federal Reserve Bank of Cleveland, in addition to internal board decisions and the MHC member waiver vote.
What maximum dividend amounts are being discussed for Kentucky First (KFFB)?
The board will consider a quarterly dividend up to $0.10 per share, while First Federal MHC members will vote on waiving rights to quarterly dividends aggregating up to $0.40 per share over the 12 months after approval of the waiver proposal.