Kentucky First Federal Bancorp Dividend Provides 4.9% Yield

Kentucky First Federal Bancorp KFFB disclosed that its board has declared a cash dividend of $0.10 per share. On an annualized basis, this would translate into $0.40 a share. The dividend offered 4.9 percent yield, which was better than the five-year average dividend yield of 4.7 percent.

Kentucky First said that it fixed July 29 as the record date for determining the eligible shareholders to get the dividend. The company would pay the dividend before August 15.

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Company Chairman Tony Whitaker said the Board determined payment of the dividend was appropriate following the capital position and financial condition.

On Friday, the stock traded up by 1.34 percent at time of writing to $8.30.