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Updated · pluang.com · May 29Kentucky First Federal Bancorp Weighs Restoring $0.10 Quarterly Dividend at July 28 Meeting
4 articles · Updated · pluang.com · May 29
- July 28 is the date Kentucky First Federal Bancorp set for a special board meeting to consider restarting quarterly dividends on its common stock.
- The payout under review is up to $0.10 a share, and the company said no final decision has been made.
- Kentucky First has not paid dividends since suspending them in November 2023, making the meeting a potential shift in shareholder returns.
- Any resumption would mark the bank's first dividend action in more than 2 1/2 years and signal how management views its capital position.
Its largest shareholder plans to refuse its dividend. How does this strange move make payouts to smaller investors possible? Facing a real estate storm, is this bank's dividend promise a sign of confidence or a dangerous gamble?