UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15 (d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 29, 2003

PROVIDENT FINANCIAL HOLDINGS, INC.
(Exact name of registrant as specified in its charter)

Delaware(State or other jurisdiction of incorporation)	000-28304(File number)	33-0704889(I.R.S. Employer Identification No.)
3756 Central Avenue, Riverside, California            (Address of principal executive office)		92506(Zip Code)

Registrant's telephone number, including area code:  (909) 686-6060

                                                                                       
(Former name or former address, if changed since last report)

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Item 5. OTHER EVENTS.

        Provident Financial Holdings, Inc. announced on January 29, 2003 that the Corporation's Board of Directors declared a quarterly cash dividend of $0.05 per share on the Corporation's outstanding shares of common stock. Shareholders of record at the close of business on February 11, 2003 will be entitled to receive the cash dividend. The cash dividend will be payable on March 7, 2003.

Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

            (c)    Exhibits

                    99        Corporation's press release dated January 29, 2003.

SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 29, 2003        Provident Financial Holdings, Inc.

                                                /s/ Craig G. Blunden                          

                                                Craig G. Blunden
                                                Chairman, President and Chief Executive Officer
                                                (Principal Executive Officer)

                                                /s/ Donavon P. Ternes                       

                                                Donavon P. Ternes
                                                Chief Financial Officer
                                                (Principal Financial and Accounting Officer)

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Exhibit 99

Press Release dated January 29, 2003

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3756 Central Ave.	NEWS RELEASE
Riverside, CA 92506

PROVIDENT FINANCIAL HOLDINGS, INC.
ANNOUNCES A QUARTERLY CASH DIVIDEND

        Riverside, California, January 29, 2003 - Provident Financial Holdings, Inc. (NASDAQ/PROV) announced today that the Corporation's Board of Directors declared a quarterly cash dividend of $0.05 per share on the Corporation's outstanding shares of common stock. Shareholders of record at the close of business on February 11, 2003 will be entitled to receive the cash dividend. The cash dividend will be payable on March 7, 2003.

Forward-looking Statement

Certain matters in this Press Release constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward looking statements relate to, among others, expectations of the business environment in which the Corporation operates, projections of future performance, perceived opportunities in the market, potential future credit experience, and statements regarding the Corporation's mission and vision. These forward looking statements are based upon current management expectations, and may, therefore, involve risks and uncertainties. The Corporation's actual results, performance, or achievements may differ materially from those suggested, expressed, or implied by forward looking statements due to a wide range of factors including, but not limited to, the general business environment, interest rates, the California real estate market, competitive conditions between banks and non-bank financial services providers, regulatory changes, a nd other risks detailed in the Corporation's reports filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended June 30, 2002. Forward looking statements are effective only as of the date that they are made and Provident Financial Holdings, Inc. assumes no obligation to update this information.

Contacts:         Craig G. Blunden                                     Donavon P. Ternes
                       Chairman, President & CEO                    Senior Vice President & CFO
                       (909) 686 - 6060                                     (909) 686 - 6060

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