HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., July  28, 2026  (GLOBE NEWSWIRE) -- Kentucky First Federal Bancorp (NASDAQ:KFFB), the holding company (the &#34;Company&#34; or &#34;Kentucky

KFFB

Kentucky First Federal Bancorp Board of Directors Announces Declaration of $0.05 Quarterly Dividend

KFFB dividend waiver by MHC shifts cash to public holders; 0.05 dividend declared

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., July  28, 2026  (GLOBE NEWSWIRE) -- Kentucky First Federal Bancorp (NASDAQ:KFFB), the holding company (the &amp;#34;Company&amp;#34; or &amp;#34;Kentucky</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>First Federal MHC voted July 28, 2026 to waive its right to dividends aggregating up to $0.40 per share for 12 months. Kentucky First Federal Bancorp then declared a $0.05 per share dividend payable Sept 21, 2026, with a record date of Aug 31, 2026. The waiver could boost cash available to non-MHC shareholders and lift the public float.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>First Federal MHC waives quarterly dividend rights up to $0.40.</li><li>MHC holds 58.5% of Kentucky First&#039;s outstanding shares.</li><li>Board declares $0.05 per share dividend payable Sept 21, 2026.</li><li>Record date set for Aug 31, 2026; near-term float impact possible.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Kentucky First Federal Bancorp (KFFB)</strong>: Dividend waiver by MHC affects cash distribution and public float; potential price impact.</li><li><strong>First Federal MHC (N/A)</strong>: 58.5% holder; voted to waive dividends; central to near-term cash allocation.</li><li><strong>First Federal Savings and Loan Association of Hazard (N/A)</strong>: Subsidiary of KFFB; not directly traded; part of the capital stack.</li><li><strong>First Federal Savings Bank of Kentucky (N/A)</strong>: Subsidiary of KFFB; not publicly traded; part of the group’s operations.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article reports a structural dividend policy change driven by a major holder, influencing capital allocation and share float for KFFB.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>MHC&#039;s 58.5% stake magnifies dividend policy impact on KFFB.</li><li>Dividend declaration and record dates set; Sept 21, 2026 payout.</li><li>Waiver could reallocate cash to public holders, boosting float value.</li><li>Liquidity and price response may be muted due to low trading volume.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>MHC holds 58.5% of KFFB outstanding shares.</li><li>MHC voted to waive dividend rights aggregating up to $0.40 per share for 12 months.</li><li>KFFB Board declared a cash dividend of $0.05 per share.</li><li>Dividend payable date: Sept 21, 2026; record date: Aug 31, 2026.</li><li>As of June 30, 2026, shares outstanding approx 8,086,715.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term upside possible as cash shifts to public holders; monitor dividend policy clarity over 1-3 quarters.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="start">HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., July  28, 2026  (GLOBE NEWSWIRE) -- Kentucky First Federal Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/KFFB">KFFB</a>), the holding company (the "Company" or "Kentucky First") for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced that on July 28, 2026, the members of First Federal MHC voted to waive First Federal MHC’s right to receive quarterly dividends aggregating up to $0.40 per share declared by Kentucky First during the next 12-month period. First Federal MHC holds 58.5% of the Company’s outstanding shares of common stock and the members of First Federal MHC previously approved similar proposals to waive First Federal MHC’s right to receive dividends declared and paid by the Company from 2012 through 2023. </p>  <p align="start">Kentucky First’s Board of Directors also announced that its Board declared a cash dividend of $0.05 per share payable on September 21, 2026 to shareholders of record on August 31, 2026.</p>  <p align="start">Forward-Looking Statements</p>  <p align="start">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. These forward-looking statements may be identified by the use of words such as "believe," "expect," "anticipate," "plan," "estimate," "intend" and "potential," or words of similar meaning, or future or conditional verbs such as "should," "could," or "may." Forward-looking statements include statements of our goals, intentions and expectations; statements regarding our business plans, prospects, growth and operating strategies; statements regarding the quality of our loan and investment portfolios; and estimates of our risks and future costs and benefits. Kentucky First Federal Bancorp’s actual results, performance or achievements may materially differ from those expressed or implied in the forward-looking statements. Risks and uncertainties that could cause or contribute to such material differences include, but are not limited to, general economic conditions; prices for real estate in the Company’s market areas; the interest rate environment and the impact of the interest rate environment on our business, financial condition and results of operations; our ability to successfully execute our strategy to increase earnings, increase core deposits, reduce reliance on higher cost funding sources and shift more of our loan portfolio towards higher-earning loans; our ability to pay future dividends and if so at what level; our ability to receive any required regulatory approval or non-objection to pay dividends to shareholders; our ability to pay dividends from First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky to the Company in order for the Company to pay dividends to shareholders; the ability of First Federal MHC to receive approval of its members to waive the payment of any Company dividends to First Federal MHC; competitive conditions in the financial services industry; changes in the level of inflation; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; changes in the demand for loans, deposits and other financial services that we provide; the possibility that future credit losses may be higher than currently expected; competitive pressures among financial services companies; the ability to attract, develop and retain qualified employees; our ability to maintain the security of our data processing and information technology systems; the outcome of pending or threatened litigation, or of matters before regulatory agencies; changes in law, governmental policies and regulations, rapidly changing technology affecting financial services, and the other matters mentioned in Item 1A of the Company’s Annual Report on Form 10-K for the year ended June 30, 2025. Except as required by applicable law or regulation, the Company does not undertake the responsibility, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events.</p>  <p align="start"><strong>About Kentucky First Federal Bancorp</strong></p>  <p align="start">Kentucky First Federal Bancorp is the parent company of First Federal Savings and Loan Association of Hazard, which operates one banking office in Hazard, Kentucky, and First Federal Savings Bank of Kentucky, which operates three banking offices in Frankfort, Kentucky, two banking offices in Danville, Kentucky and one banking office in Lancaster, Kentucky. Kentucky First Federal Bancorp shares are traded on the Nasdaq National Market under the symbol KFFB. At June 30, 2026, the Company had approximately 8,086,715 shares outstanding of which approximately 58.5% was held by First Federal MHC.</p> <table align="left" style="border-collapse: collapse; width:1205.22px; border-collapse:collapse ;"><tr><td style="max-width:13%; width:156.672px; min-width:13%;;text-align: left ;  vertical-align: middle; vertical-align: top ; ">Contact:</td><td style="max-width:87%; width:1048.55px; min-width:87%;;text-align: left ;  vertical-align: middle; vertical-align: top ; ">Don D. Jennings, President, or Tyler Eades, Vice President</td></tr><tr><td style="text-align: left ;  vertical-align: middle; vertical-align: top ; "> </td><td style="text-align: left ;  vertical-align: middle; vertical-align: top ; ">(502) 223-1638</td></tr><tr><td style="text-align: left ;  vertical-align: middle; vertical-align: top ; "> </td><td style="text-align: left ;  vertical-align: middle; vertical-align: top ; ">216 West Main Street</td></tr><tr><td style="text-align: left ;  vertical-align: middle; vertical-align: top ; "> </td><td style="text-align: left ;  vertical-align: middle; vertical-align: top ; ">P.O. Box 535</td></tr><tr><td style="text-align: left ;  vertical-align: middle; vertical-align: top ; "> </td><td style="text-align: left ;  vertical-align: middle; vertical-align: top ; ">Frankfort, KY 40602</td></tr></table> <p align="start"><br></br></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc5OTc2OSM3NzQ4MDQzIzIwMTkwMzc="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MTRlOGU2M2EtNzAzMy00ODZlLWI4MTUtNzZiZjg0YjdlZDk0LTEwMzA2MDktMjAyNi0wNy0yOC1lbg==/tiny/Kentucky-First-Federal-Bancorp.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/23a82eeb-691f-48dd-8c54-29294a215d2e"><img src="https://ml.globenewswire.com/media/23a82eeb-691f-48dd-8c54-29294a215d2e/small/kffb-logo-jpg.jpg" border="0" width="150" height="64" alt="Primary Logo"></img></a></p>

First Federal MHC voted July 28, 2026 to waive its right to dividends aggregating up to $0.40 per share for 12 months. Kentucky First Federal Bancorp then declared a $0.05 per share dividend payable Sept 21, 2026, with a record date of Aug 31, 2026. The waiver could boost cash available to non-MHC shareholders and lift the public float.

News insight

Kentucky First Federal Bancorp Board of Directors Announces Declaration of $0.05 Quarterly Dividend

AI summary

Sentiment rationale

Key facts

Corporate Developments