Jan. 16 at 11:07 PM
$KFFB Kentucky First Federal suspends payment of quarterly dividend indefinitely
Kentucky First Federal Bancorp, the holding company for First Federal Savings and Loan Association of Hazard, Kentucky and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced that the Company's Board of Directors has voted to suspend the payment of the quarterly cash dividend on the Company's common stock indefinitely. Emphasizing that the Banks are both well-capitalized under all applicable regulatory requirements and that asset quality remains good, Don Jennings, President and CEO, stated, "While the suspension of our quarterly dividend is very disappointing, as previously disclosed, we have experienced historical increases in short-term market interest rates as well as a persistent inversion of the yield curve that has resulted in compressed net interest margins and much lower earnings at the bank level....
