What is the Federal Reserve nonobjection related to GCBC dividends in 2026?

The Federal Reserve Bank of Philadelphia issued a nonobjection for the MHC to waive dividends aggregating up to $0.64 per share . According to the company, this covers four quarters through December 31, 2026.

Greene County Bancorp, Inc. Announces Cash Dividend

Q: What dividend did Greene County Bancorp (GCBC) announce for Q2 2026?

The company declared a quarterly cash dividend of $0.10 per share . According to the company, this equals an annualized rate of $0.40 per share and matches the prior quarter's rate.

Q: When will GCBC shareholders receive the May 2026 dividend payment?

Payment is expected on May 29, 2026 . According to the company, shareholders of record on May 15, 2026 will be eligible for the distribution.

Q: How does the Greene County Bancorp MHC ownership affect the GCBC dividend?

The MHC holds 54.1% of GCBC shares and is waiving receipt of this dividend. According to the company, the MHC obtained nonobjection from the Federal Reserve Bank of Philadelphia for the waiver.

Q: Does the GCBC dividend indicate a change in dividend policy for 2026?

The declared quarterly dividend remains $0.10 per share , the same as the previous quarter. According to the company, the announced rate reflects continuity rather than an increase.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Greene County Bancorp (NASDAQ:GCBC) announced a quarterly cash dividend of $0.10 per share, equal to an annual rate of $0.40 per share. The dividend is payable to shareholders of record on May 15, 2026, with an expected payment date of May 29, 2026.

The company is majority‑owned by Greene County Bancorp, MHC, which holds 54.1% of outstanding common shares and is waiving receipt of this dividend. The Federal Reserve Bank of Philadelphia issued nonobjection to the MHC waiving dividends aggregating up to $0.64 per share for four quarters through December 31, 2026.

AI-generated analysis. Not financial advice.

Positive

Quarterly dividend of $0.10 per share declared
Annual dividend rate maintained at $0.40 per share
Record date set for May 15, 2026; payment expected May 29, 2026
MHC nonobjection from Federal Reserve Bank of Philadelphia for waiver

Negative

MHC majority ownership of 54.1% limits public float

News Market Reaction – GCBC

-0.26%

1 alert

-0.26% News Effect

On the day this news was published, GCBC declined 0.26%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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04/22/2026 - 10:05 AM

CATSKILL, N.Y., April 22, 2026 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.10 per share on the Company’s common stock. The dividend reflects an annual cash dividend rate of $0.40 per share, which is the same rate as the dividend declared during the previous quarter.

The cash dividend for the quarter ended March 31, 2026, will be paid to shareholders of record as of May 15, 2026, and is expected to be paid on May 29, 2026.

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 $0.64 per share, paid by the Company for the four quarters ending March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026.

Greene County Bancorp, Inc. is the holding company for the Bank of Greene County, and its subsidiary Greene County Commercial Bank. The Company is the leading provider of community-based banking services throughout the Hudson Valley and Capital Region of New York State. Its customers include individuals, businesses, municipalities and other institutions. Greene County Bancorp, Inc. (GCBC) is publicly traded on the Nasdaq Capital Market and is dedicated to promoting economic development and a high quality of life in the communities it serves. For more information on Greene County Bancorp, Inc., visit www.tbogc.com.

For Further Information Contact:
Donald E. Gibson
President and Chief Executive Officer
(518) 943-2600
donaldg@tbogc.com

FAQ

What dividend did Greene County Bancorp (GCBC) announce for Q2 2026?

The company declared a quarterly cash dividend of $0.10 per share. According to the company, this equals an annualized rate of $0.40 per share and matches the prior quarter's rate.

When will GCBC shareholders receive the May 2026 dividend payment?

Payment is expected on May 29, 2026. According to the company, shareholders of record on May 15, 2026 will be eligible for the distribution.

How does the Greene County Bancorp MHC ownership affect the GCBC dividend?

The MHC holds 54.1% of GCBC shares and is waiving receipt of this dividend. According to the company, the MHC obtained nonobjection from the Federal Reserve Bank of Philadelphia for the waiver.

Does the GCBC dividend indicate a change in dividend policy for 2026?

The declared quarterly dividend remains $0.10 per share, the same as the previous quarter. According to the company, the announced rate reflects continuity rather than an increase.