Kentucky First Federal Bancorp (NASDAQ:KFFB), 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 its Board of Directors will hold a special meeting of the Board to evaluate whether to declare a quarterly dividend on shares of the Company's common stock in an amount not to exceed $0.10 per share. However, the Kentucky First Board of Directors may decide to declare a lower dividend or declare no dividend at all. No decision regarding the amount, frequency, or occurrence of future dividends has been made by the Kentucky First Board of Directors at this time and all dividends on Kentucky First common stock are declared at the discretion of the Kentucky First Board of Directors. The Company previously announced on January 16, 2024, that the Board of Directors had voted to suspend the payment of dividends and the Company has not paid a dividend since November 2023.

The Company's July 28, 2026 special Board meeting will follow the meeting of the members of First Federal MHC who are meeting on July 28, 2026 to vote on a proposal to permit First Federal MHC to waive its right to receive quarterly dividends aggregating up to $0.40 per share declared by Kentucky First during the 12-month period following member approval of the dividend waiver proposal. First Federal MHC holds 58.5% of the Company's outstanding shares of common stock. 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. The declaration and payment of any dividend by the Kentucky First Board of Directors remains subject to any required non-objection of the Federal Reserve Bank of Cleveland.