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GCBC Greene County Bancorp Inc

31.50
0.58 (1.88%)
After Hours
Last Updated: 21:03:01
Delayed by 15 minutes
Share Name Share Symbol Market Type
Greene County Bancorp Inc NASDAQ:GCBC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.58 1.88% 31.50 30.46 31.66 31.755 30.75 31.50 10,146 21:03:01

Greene County Bancorp, Inc. Announces 10% Cash Dividend Increase

17/07/2019 2:00pm

GlobeNewswire Inc.


Greene County Bancorp (NASDAQ:GCBC)
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From May 2019 to May 2024

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Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.11 per share on the Company’s common stock. The dividend reflects an annual cash dividend rate of $0.44 per share, which represents a 10.0% increase from the previous annual cash dividend rate of $0.40 per share.

The cash dividend for the quarter ended June 30, 2019 will be paid to shareholders of record as of August 15, 2019, and is expected to be paid on August 30, 2019.

The Company is the majority-owned subsidiary of Greene County Bancorp, MHC (the “MHC”), a federal mutual holding company which owns 54.0% of the Company’s outstanding common shares.  The MHC is waiving its receipt of this dividend.  The MHC received the approval of its members (depositors of The Bank of Greene County) and the non-objection of the Federal Reserve Bank of Philadelphia to waive the MHC’s receipt of quarterly cash dividends aggregating up to $0.50 per share, paid by the Company during the four quarters ending with the quarters that end on September 30, 2018, December 31, 2018, March 31, 2019 and June 30, 2019. 

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 

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