K-Fed Bancorp Declares Quarterly Dividend
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[April 28, 2008]

K-Fed Bancorp Declares Quarterly Dividend

(PrimeNewswire Via Acquire Media NewsEdge) COVINA, Calif., April 28, 2008 (PRIME NEWSWIRE) -- K-FED Bancorp (Nasdaq:KFED) announced today that on April 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 May 30, 2008 to the shareholders of record as of the close of business on May 15, 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.

CONTACT: K-FED Bancorp
Kay Hoveland, President/CEO
Dustin Luton, Chief Financial Officer
(626) 339-9663

Copyright ? 2008 PrimeNewswire, Inc.

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