Kentucky First Federal Bancorp (KFFB) in Hazard has received regulatory approval to pay a 10-cent dividend to its public shareholders.

The Federal Reserve Board told Kentucky First that it did not object to the $332 million-asset company's request to waive payment of the dividend to First Federal MHC. Kentucky First will pay the dividend on Aug. 19 to shareholders of record as of July 31.

Kentucky First said it expects to ask the Fed for another dividend waiver next year.

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