Greene County Bancorp, Inc. Announces Cash Dividend Increase
19 Juillet 2023 - 4:19PM
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 represents a
14.3% increase from the previous annual cash dividend of $0.28 per
share.
The cash dividend for the quarter ended June 30,
2023 will be paid to shareholders of record as of August 14, 2023,
and is expected to be paid on August 31, 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 has historically waived its right to receive cash
dividends from the Company. However, for purposes of cash flow and
liquidity, the MHC does not intend to waive its receipts of these
dividends to be paid by the Company for the quarter ended June 30,
2023.
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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