Greene County Bancorp, Inc. Announces Cash Dividend
October 18 2023 - 9:55AM
Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its
Board of Directors has approved a quarterly cash dividend of $0.08
per share on the Company’s common stock. The dividend reflects an
annual cash dividend rate of $0.32 per share which is the same rate
as the dividend declared during the previous quarter.
The cash dividend for the quarter ended
September 30, 2023 will be paid to shareholders of record as of
November 15, 2023, and is expected to be paid on November 30,
2023.
The Company is the majority-owned subsidiary of Greene County
Bancorp, MHC (the “MHC”), a federal mutual holding company which
owns 54.1% of the Company’s outstanding common shares. The MHC is
waiving its receipt of this dividend. The MHC received the
nonobjection of the Federal Reserve Bank of Philadelphia to waive
its right to receive dividends, aggregating up to $0.46 per share,
paid by the Company during the four quarters ending with the
quarters that end on September 30, 2023, December 31, 2023, March
31, 2024, and June 30, 2024.
Greene County Bancorp, Inc. is the direct and
indirect holding company, respectively, for The Bank of Greene
County, a federally chartered savings bank, and Greene County
Commercial Bank, a New York-chartered commercial bank, both
headquartered in Catskill, New York. The Banks serve the market
area currently concentrated around the areas within the Hudson
Valley Region of New York.
For Further Information
Contact:Donald E. GibsonPresident and Chief Executive
Officer(518) 943-2600donaldg@tbogc.com
Greene County Bancorp (NASDAQ:GCBC)
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