Greene County Bancorp approves $0.11 quarterly dividend
Greene County Bancorp's majority stockholder is waiving its receipt of the dividend while the per-share rate remains unchanged from the prior quarter.
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Form Type
8-K
Rhea-AI Filing Summary
Greene County Bancorp, Inc. (GCBC) announced that its Board approved a quarterly cash dividend of $0.11 per common share for the quarter ended September 30, 2026. The annual cash dividend rate is $0.44 per share, unchanged from the previous quarter. Shareholders of record as of November 13, 2026 are expected to be paid on November 27, 2026.
Greene County Bancorp, MHC, which owns 9,218,528 of the company’s 17,025,485 outstanding common shares, is waiving its receipt of this dividend. The Federal Reserve Bank of Philadelphia gave its nonobjection to waivers covering dividends aggregating up to $0.64 per share for the four quarters ending March 31, June 30, September 30 and December 31, 2026.
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 cash dividend: $0.11 per share
Annual cash dividend rate: $0.44 per share
Shareholder record date: November 13, 2026
+3 more
6 metrics
Quarterly cash dividend
$0.11 per share
Quarter ended September 30, 2026
Annual cash dividend rate
$0.44 per share
Same rate as the previous quarter
Shareholder record date
November 13, 2026
Date for shareholders of record
Expected dividend payment date
November 27, 2026
Expected payment date
MHC ownership
54.1%
Share of the company's outstanding common shares
Dividend waiver amount
Up to $0.64 per share
Waivers for four quarters ending in 2026
Key Terms
quarterly cash dividend, shareholders of record, mutual holding company, nonobjection
4 terms
quarterly cash dividend financial
"approved a quarterly cash dividend of $0.11 per share"
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.
mutual holding company financial
"the mutual holding company and majority stockholder"
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
"received the nonobjection of the Federal Reserve Bank of Philadelphia"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is GCBC's quarterly dividend, and when is it payable?
GCBC declared a $0.11 per-share quarterly cash dividend for the quarter ended September 30, 2026. Shareholders of record as of November 13, 2026 are expected to be paid on November 27, 2026.
Is Greene County Bancorp, MHC receiving GCBC's dividend?
No. Greene County Bancorp, MHC is waiving its receipt of this dividend. The MHC received the Federal Reserve Bank of Philadelphia’s nonobjection to waive dividends aggregating up to $0.64 per share for the four quarters ending March 31, June 30, September 30 and December 31, 2026.
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): October 20, 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.)
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(Address of Principal Executive Offices)
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(Zip Code)
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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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of class
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Trading symbol
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Name of exchange on which registered Common
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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
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On October 21, 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 is the same rate as the dividend declared during the previous quarter.
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 September 30, 2026.
| Item 9.01 |
Financial Statements and Exhibits
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Exhibit No.
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Description
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99.1
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Press Release dated October 21, 2026
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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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.
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GREENE COUNTY BANCORP, INC.
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DATE: October 21, 2026
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By:
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/s/ Donald E. Gibson
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Donald E. Gibson
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President & Chief Executive Officer
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Exhibit 99.1
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FOR IMMEDIATE RELEASE
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Date: October 21, 2026
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For Further Information Contact:
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Donald E. Gibson
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President and Chief Executive Officer
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(518) 943-2600
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donaldg@bankofgreene.com
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GREENE COUNTY BANCORP, INC. ANNOUNCES CASH DIVIDEND
Catskill, NY – October 21, 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 is the same rate as the dividend declared during previous quarter.
The cash dividend for the quarter ended September 30, 2026, will be paid to shareholders of record as of November 13, 2026, and is expected to be paid on November
27, 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 Bank of Greene (formerly 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 Regions 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.bankofgreene.com.
(END)