Greene County Bancorp, Inc. (NASDAQ-GCBC) has announced a quarterly cash dividend of $0.09 per share on the company's common stock. This reflects an annual cash dividend rate of $0.36 per share, consistent with the dividend declared during the previous quarter.
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.
The company, which is the majority-owned subsidiary of Greene County Bancorp, MHC, has historically had the MHC waive its right to receive dividends. However, for the quarter ended September 30, 2024, the MHC does not intend to waive its receipts of these dividends for cash flow purposes.
Greene County Bancorp, Inc. serves as 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. Their primary market area is the Hudson Valley region and the Capital District region in New York State.
This announcement indicates stability in the dividend rate compared to the previous quarter, showing consistency and confidence in the company's performance. As a result of these announcements, the company's shares have moved 0.2% on the market, and are now trading at a price of $30.05. If you want to know more, read the company's complete 8-K report here.
