Home » Bank of Kentucky shifts from semi-annual dividend to quarterly

Bank of Kentucky shifts from semi-annual dividend to quarterly

CRESTVIEW HILLS, Ky., Sept. 26, 2012 (GLOBE NEWSWIRE) — The Board of Directors of The Bank of Kentucky Financial Corp. (Nasdaq:BKYF) voted on September 21, 2012 to change from a semi-annual cash dividend to a quarterly cash dividend, commencing with the fourth quarter of 2012.

In commenting on the board’s action, President and CEO Robert W. Zapp stated, “We have traditionally paid dividends to our stockholders on a semi-annual basis. However the Board now
believes that it is important to pay our stockholders more frequently and accordingly unanimously voted to change to a quarterly dividend.”

The company will announce the record and payment date for its next quarterly dividend, if declared, in December  2012, with the expectation that payment of such dividend would occur in January of
2013. The actual declaration and payment of any future dividends will be at discretion of, and subject to further approval by, the company’s Board of Directors, and will depend upon a variety of factors,
including the company’s overall financial condition and any other factors deemed relevant by the Board of Directors.

The Bank of Kentucky Financial Corp., a bank holding company with assets of approximately $1.704 billion, offers banking and related financial services to both individuals and business customers. BKFC operates thirty-three branch locations and fifty-four ATMs.