COVINA, Calif., Jan. 29, 2008 (PRIME NEWSWIRE) -- K-FED Bancorp (Nasdaq:KFED) announced today that on January 26, 2008 its Board of Directors declared a quarterly cash dividend of $0.11 per share on its common stock. The dividend will be paid on February 29, 2008 to the shareholders of record as of the close of business on February 14, 2008.
K-FED Mutual Holding Company, the parent company of K-FED Bancorp which holds 8,861,750 of the outstanding shares of K-Fed Bancorp, waived its receipt of the dividend.
K-FED Bancorp is the parent corporation for Kaiser Federal Bank, a federally chartered savings association headquartered in Covina, California. The Bank operates three full service branches and six financial service centers in California, as well as a statewide network of 54 ATMs.
K-FED Bancorp stock trades on NASDAQ under the KFED symbol, for additional information, visit www.k-fed.com or www.kaiserfederal.com.