Greene County Bancorp, Inc. Announces Cash Dividend
17 Abril 2024 - 12:27PM
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 March
31, 2024 will be paid to shareholders of record as of May 15, 2024,
and is expected to be paid on May 30, 2024.
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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