Greene County Bancorp (NASDAQ:GCBC) Declares Quarterly Cash Dividend

On January 22, 2025, Greene County Bancorp, Inc. shared the approval of 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 prior quarter’s declared dividend rate.

The Board of Directors’ decision is outlined in a press release dated January 22, 2025, submitted as exhibit 99.1. Greene County Bancorp, MHC, the mutual holding company and principal stockholder, historically relinquished its entitlement to cash dividends from the Company. For the quarter ending December 31, 2024, the MHC opted to waive its receipt of the dividends.

Investors recorded as shareholders by February 14, 2025, will receive the cash dividend, which is scheduled for payment on February 28, 2025. Greene County Bancorp, Inc. is a subsidiary majority-owned by Greene County Bancorp, MHC, a federal mutual holding company holding 54.1% of the Company’s common shares. The Federal Reserve Bank of Philadelphia green-lighted the MHC’s decision to forgo receiving dividends, totaling up to $0.48 per share, divvied out by the Company over the four quarters concluding on September 30, 2025.

Greene County Bancorp, Inc. acts as the direct and indirect holding entity for the Bank of Greene County, a federally chartered savings bank, and Greene County Commercial Bank, a New York-chartered commercial bank, headquartered in Catskill, New York. With a primary focus on the Hudson Valley Region and Capital District Region in New York State, the entity’s operations primarily revolve around these geographical areas. For further details regarding Greene County Bancorp, Inc., interested parties can visit their website at www.tbogc.com.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Greene County Bancorp’s 8K filing here.

About Greene County Bancorp

Greene County Bancorp, Inc operates as a holding company for The Bank of Greene County that provides various financial services in the United States. The company's deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.