Greene County Bancorp raises dividend 10%
Greene County Bancorp, Inc. reported that its Board of Directors approved a quarterly cash dividend of $0.11 per share on common stock for the quarter ended June 30, 2026.
Rhea-AI Filing Summary
Greene County Bancorp, Inc. reported that its Board of Directors approved a quarterly cash dividend of $0.11 per share on common stock for the quarter ended June 30, 2026. This equates to an annual cash dividend rate of $0.44 per share, a 10.0% increase from the previous annual dividend of $0.40 per share.
The dividend will be paid to shareholders of record as of August 14, 2026 and is expected to be paid on August 31, 2026. Greene County Bancorp, MHC, which owns 9,218,528 of 17,025,485 outstanding common shares (54.1%), will waive this dividend. The Federal Reserve Bank of Philadelphia granted nonobjection for the MHC to waive dividends aggregating up to $0.64 per share for four quarters ending December 31, 2026.
Positive
- Quarterly dividend increased 10.0%, to an annual cash dividend rate of $0.44 per share from $0.40 per share.
Negative
- None.
Insights
Analyzing...
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Quarterly dividend: $0.11 per share
Annual dividend rate: $0.44 per share
Previous annual dividend: $0.40 per share
+4 more
7 metrics
Quarterly dividend
$0.11 per share
Cash dividend on common stock for the quarter ended June 30, 2026
Annual dividend rate
$0.44 per share
Annualized rate implied by the $0.11 quarterly dividend
Previous annual dividend
$0.40 per share
Prior annual cash dividend before the 10.0% increase
Dividend increase
10.0%
Increase in annual cash dividend rate from $0.40 to $0.44 per share
Shares outstanding
17,025,485 shares
Total common shares of Greene County Bancorp outstanding
MHC share ownership
9,218,528 shares (54.1%)
Common shares of the Company owned by Greene County Bancorp, MHC
Dividend waiver limit
$0.64 per share
Maximum aggregate dividends per share MHC may waive over four quarters in 2026
Key Terms
mutual holding company, nonobjection, quarterly cash dividend, Nasdaq Capital Market, +1 more
5 terms
mutual holding company financial
"Greene County Bancorp, MHC (the “MHC”), a federal mutual holding company"
A mutual holding company is a corporate structure where an organization that is owned by its members or policyholders creates a stock company underneath it, so shares can be sold while the original member-owned entity remains the parent. For investors, it matters because it changes who can buy stock, how control and voting are split, and the potential for future share sales or dilution—like a club setting up a store it can sell shares in while the club itself keeps overall control.
nonobjection regulatory
"The MHC received the nonobjection of the Federal Reserve Bank of Philadelphia"
quarterly cash dividend financial
"approved a quarterly cash dividend of $0.11 per share on the Company’s common stock"
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
Nasdaq Capital Market financial
"Greene County Bancorp, Inc. (GCBC) is publicly traded on the Nasdaq Capital Market"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
majority-owned subsidiary financial
"The Company is the majority-owned subsidiary of Greene County Bancorp, MHC"
A majority-owned subsidiary is a company where another company (the parent) holds more than 50% of the voting shares, giving the parent effective control over decisions, board appointments, and strategy while the subsidiary remains a separate legal entity with its own assets and liabilities. It matters to investors because the parent typically consolidates the subsidiary’s results into its financial statements, which changes reported revenue, profit, debt and the portion attributable to outside shareholders—like a parent controlling a child’s household budget while the child keeps its own room and bills.
FAQ
What dividend did Greene County Bancorp (GCBC) declare for the June 30, 2026 quarter?
Greene County Bancorp (GCBC) declared a $0.11 per share quarterly cash dividend on its common stock, equal to an annual rate of $0.44 per share, which is a 10.0% increase from the previous $0.40 annual dividend.
When are the record date and payment date for GCBC’s new dividend?
The record date for GCBC’s $0.11 dividend is August 14, 2026, and the dividend is expected to be paid on August 31, 2026 to shareholders of record on that date for the June 30, 2026 quarter.
How much of Greene County Bancorp’s stock does the MHC own, and will it receive this dividend?
Greene County Bancorp, MHC owns 9,218,528 of the Company’s 17,025,485 outstanding common shares, or 54.1%. The MHC has stated it will waive its receipt of this $0.11 per share dividend for the June 30, 2026 quarter.
What regulatory approval supports the MHC’s decision to waive GCBC dividends?
The Federal Reserve Bank of Philadelphia granted the MHC nonobjection to waive dividends aggregating up to $0.64 per share paid by Greene County Bancorp for the four quarters ending March 31, June 30, September 30, and December 31, 2026.
How much did GCBC’s annual dividend rate increase with this announcement?
GCBC’s annual dividend rate increased from $0.40 to $0.44 per share, a 10.0% increase. This reflects a quarterly dividend of $0.11 per share, as approved by the Board of Directors for the quarter ended June 30, 2026.
What is Greene County Bancorp’s corporate structure and exchange listing?
Greene County Bancorp, Inc. is the holding company for the Bank of Greene County and Greene County Commercial Bank. Its common stock is traded on the Nasdaq Capital Market under the symbol GCBC, and the MHC remains its majority owner.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 21, 2026
(Exact Name of Registrant as Specified in its Charter)
|
|
|
|
||
|
(State or Other Jurisdiction of Incorporation)
|
(Commission File No.)
|
(I.R.S. Employer Identification No.)
|
|
|
|
|
|
(Address of Principal Executive Offices)
|
(Zip Code)
|
Registrant’s telephone number, including area code: (518 ) 943-2600
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Securities registered pursuant to Section 12(b) of the Act:
|
Title of class
|
Trading symbol
|
Name of exchange on which registered Common
|
|
|
|
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01 |
Other Events
|
On July 22, 2026, 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.
A press release announcing the details of the dividend declaration is filed as exhibit 99.1.
Greene County Bancorp, MHC (the “MHC”), the mutual holding company and majority stockholder of the Company, and owner of 9,218,528 shares of the Company’s 17,025,485
total shares of common stock outstanding, has historically waived its right to receive cash dividends from the Company. The MHC intends to waive its receipt of this dividend to be paid by the Company for the quarter ended June 30, 2026.
| Item 9.01 |
Financial Statements and Exhibits
|
|
Exhibit No.
|
Description
|
|
|
99.1
|
Press Release dated July 22, 2026
|
|
|
104
|
Cover Page Interactive Data File (embedded within the Inline XBRL document)
|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
|
GREENE COUNTY BANCORP, INC.
|
|||
|
DATE: July 22, 2026
|
By:
|
/s/ Donald E. Gibson
|
|
|
Donald E. Gibson
|
|||
|
President & Chief Executive Officer
|
|||
Exhibit 99.1
 |
FOR IMMEDIATE RELEASE
Date: July 22, 2026
For Further Information Contact:
Donald E. Gibson
President and Chief Executive Officer
(518) 943-2600
donaldg@tbogc.com
GREENE COUNTY BANCORP, INC. ANNOUNCES CASH DIVIDEND INCREASE
Catskill, NY – July 22, 2026. 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.
(END)