Pulaski Bank Declares Quarterly Cash Dividend

ST. LOUIS, MO--(Marketwire - March 24, 2008) - Pulaski Financial Corp. (NASDAQ: PULB) announced its Board of Directors has declared its regular quarterly cash dividend of nine cents per share, payable on April 14, 2008 to shareholders of record at the close of business on April 3, 2008.

At this rate, the indicated annual dividend is 36 cents per share, in line with Pulaski's peer group, noted management. In June 2007, the board authorized a six percent increase in the company's cash dividend.

"Our board and management are pleased to support our strategy of providing shareholder returns in part through our dividend policy," said William A. Donius, chief executive officer. "Pulaski's commitment to community banking and strong customer relationships provides the foundation for continued earnings growth and dividend payouts."

About Pulaski Financial

Pulaski Financial Corp., operating in its 86th year through its subsidiary, Pulaski Bank, serves customers throughout the St. Louis metropolitan area. The bank offers a full line of quality retail-banking products through 12 full-service branch offices in St. Louis and three loan production offices in Kansas City and the Illinois portion of the St. Louis metroplex. The company's website can be accessed at www.pulaskibankstl.com.

This news release may contain forward-looking statements about Pulaski Financial Corp., which the Company intends to be covered under the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. For discussion of risks that may cause actual results to differ from expectations expressed in forward-looking statements, refer to our Annual Report on Form 10-K for the year ended September 30, 2007, on file with the SEC, including the sections entitled "Risk Factors." Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update them in light of new information or future events.

Contact Information: CONTACT: Investor inquiries: William A. Donius President & CEO Pulaski Financial Corp. (314) 878-2210 Ext. 3610 Media inquiries: John S. Hastings Senior Vice President Fleishman-Hillard Inc. (314) 982-8622