Greene County Bancorp, Inc. Announces Cash Dividend
January 20 2021 - 9:34AM
Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its
Board of Directors has approved a quarterly cash dividend of $0.12
per share on the Company’s common stock. The dividend reflects an
annual cash dividend rate of $0.48 per share, which is the same
rate as the dividend declared during the previous quarter.
The cash dividend for the quarter ended December
31, 2020 will be paid to shareholders of record as of February 15,
2021, and is expected to be paid on February 26, 2021.
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 has historically waived its right to receive cash
dividends from the Company. However, for purposes of cash flow and
liquidity, the MHC does not intend to waive its receipts of these
dividends to be paid by the Company for the quarter ended December
31, 2020.
Greene County Bancorp, Inc. is the direct and
indirect holding company, respectively, 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. The Banks serve the market
area currently concentrated around the areas within the Hudson
Valley Region of New York.
For Further Information
Contact:Donald E. GibsonPresident and Chief Executive
Officer(518) 943-2600donaldg@tbogc.com
Greene County Bancorp (NASDAQ:GCBC)
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