Greene County Bancorp, Inc. Announces Cash Dividend Increase

Rhea-AI Summary

Greene County Bancorp (NASDAQ: GCBC) declared a quarterly cash dividend of $0.11 per share, implying an annual rate of $0.44, a 10.0% increase from $0.40. The dividend for the quarter ended June 30, 2026 is payable on August 31, 2026 to shareholders of record on August 14, 2026. Greene County Bancorp MHC, which owns 54.1% of outstanding shares, will waive this dividend after receiving Federal Reserve nonobjection to waive dividends aggregating up to $0.64 per share for four quarters in 2026.

Positive

• Quarterly dividend $0.11, annualized to $0.44 per share
• Dividend raised 10.0% vs prior $0.40 annual rate
• Majority owner waives dividends on 54.1% of shares
• Regulatory nonobjection to dividend waivers up to $0.64 per share for four quarters in 2026

Negative

• None.

News Market Reaction – GCBC

-1.09%

-1.09% News Effect

On the day this news was published, GCBC declined 1.09%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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CATSKILL, N.Y., July 22, 2026 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.11 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 of $0.40 per share.

The cash dividend for the quarter ended June 30, 2026, will be paid to shareholders of record as of August 14, 2026, and is expected to be paid on August 31, 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) declare for Q2 2026?

Greene County Bancorp declared a quarterly cash dividend of $0.11 per share for the quarter ended June 30, 2026. According to the company, it will be paid on August 31, 2026 to shareholders of record on August 14, 2026.

How much did Greene County Bancorp (GCBC) increase its annual dividend in 2026?

Greene County Bancorp increased its indicated annual cash dividend to $0.44 per share, up from $0.40. According to the company, this reflects a 10.0% increase in the annual dividend rate based on the new $0.11 quarterly dividend.

When is the record date and payment date for Greene County Bancorp (GCBC) August 2026 dividend?

The record date for Greene County Bancorp’s $0.11 dividend is August 14, 2026, and the payment date is August 31, 2026. According to the company, this dividend covers the quarter ended June 30, 2026.

Is Greene County Bancorp’s majority owner receiving the 2026 cash dividends on GCBC shares?

Greene County Bancorp MHC, which owns 54.1% of GCBC shares, is waiving these dividends. According to the company, the Federal Reserve Bank of Philadelphia issued a nonobjection to waiving dividends aggregating up to $0.64 per share over four specified 2026 quarters.

What does the dividend waiver by Greene County Bancorp MHC mean for GCBC shareholders?

Greene County Bancorp MHC will not receive the declared cash dividends on its 54.1% ownership stake. According to the company, this waiver, cleared up to $0.64 per share for four 2026 quarters, limits cash outflow to minority shareholders only.

On which stock market is Greene County Bancorp (GCBC) traded and what is its business focus?

Greene County Bancorp trades on the Nasdaq Capital Market under ticker GCBC. According to the company, it is the holding company for Bank of Greene County and Greene County Commercial Bank, focusing on community-based banking across New York’s Hudson Valley and Capital Region.