Greene County Bancorp, Inc. Announces Cash Dividend
Greene County Bancorp, Inc. (NASDAQ-GCBC) has announced a quarterly cash dividend of $0.09 per share on its common stock.
Sentiment and the balance of points
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Rhea-AI Summary
Greene County Bancorp, Inc. (NASDAQ-GCBC) has announced a quarterly cash dividend of $0.09 per share on its common stock. This reflects an annual cash dividend rate of $0.36 per share, consistent with the previous quarter's dividend. The dividend for the quarter ended September 30, 2024, will be paid to shareholders of record as of November 15, 2024, with an expected payment date of November 29, 2024.
Greene County Bancorp, MHC, which owns 54.1% of the Company's outstanding common shares, does not intend to waive its receipt of these dividends for the quarter ended September 30, 2024. The Company is the holding company for The Bank of Greene County and Greene County Commercial Bank, operating primarily in the Hudson Valley Region and Capital District Region of New York State.
Positive
- Consistent quarterly dividend of $0.09 per share maintained
- Annual cash dividend rate of $0.36 per share unchanged from previous quarter
- Majority shareholder (MHC) not waiving dividend receipt, potentially indicating financial stability
Negative
- None.
Details
News Market Reaction – GCBC
The recorded move for GCBC in the trading session of this news was +0.20%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CATSKILL, N.Y., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of
The cash dividend for the quarter ended September 30, 2024 will be paid to shareholders of record as of November 15, 2024, and is expected to be paid on November 29, 2024.
The Company is the majority-owned subsidiary of Greene County Bancorp, MHC (the “MHC”), a federal mutual holding company, which owns
Greene County Bancorp, Inc. is the direct and indirect holding company 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. Our primary market are is the Hudson Valley Region and Capital District Region in New York State. 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
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