HAZARD, Ky. and FRANKFORT, Ky., Sept. 27, 2012 (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 Frankfort, Kentucky, announced that its majority shareholder, First Federal MHC, has received notice from the Federal Reserve that there would be no objection to a waiver of dividends paid by Kentucky First Federal in the next twelve months. On August 23, 2012, the Company's Board of Directors declared a cash dividend of $0.10 per share payable on September 28, 2012, to shareholders of record on September 10, 2012. Earlier that day, the members of First Federal MHC had approved the dividend waiver by casting 64.3% of the eligible votes in favor of the waiver. The results of the vote along with other pertinent materials and declarations were submitted to the Federal Reserve immediately for their final review.
First Federal MHC Makes Definitive Announcement On Kentucky First Federal Bancorp Dividend Waiver
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