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OFFON

GREENE COUNTY BANCORP, INC.

(GCBC)
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GREENE COUNTY BANCORP : ANNOUNCES CASH DIVIDEND - Form 8-K

10/20/2021 | 02:02pm EST
GREENE COUNTY BANCORP, INC. ANNOUNCES CASH DIVIDEND

Catskill, NY - October 20, 2021. Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.13 per share on the Company's common stock. The dividend reflects an annual cash dividend rate of $0.52 per share, which is the same rate as the dividend declared during the previous quarter.

The cash dividend for the quarter ended September 30, 2021 will be paid to shareholders of record as of November 15, 2021, and is expected to be paid on November 30, 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 is waiving its receipt of this dividend. The MHC received the approval of its members (depositors of The Bank of Greene County) and the non-objection of the Federal Reserve Bank of Philadelphia to waive the MHC's receipt of quarterly cash dividends aggregating up to $0.60 per share, paid by the Company for the four quarters ending with the quarters that end on March 31, 2021, June 30, 2021, September 30, 2021 and December 31, 2021.

* * *

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.

(END)



Disclaimer

Greene County Bancorp Inc. published this content on 20 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2021 18:01:07 UTC.


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Financials (USD)
Sales 2021 58,8 M - -
Net income 2021 23,9 M - -
Net cash 2021 130 M - -
P/E ratio 2021 10,0x
Yield 2021 1,74%
Capitalization 314 M 314 M -
EV / Sales 2020 3,48x
EV / Sales 2021 1,86x
Nbr of Employees 185
Free-Float -
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Managers and Directors
Donald E. Gibson President, Chief Executive Officer & Director
Michelle M. Plummer Chief Financial Officer, COO, Director & EVP
Paul E. Slutzky Chairman
David H. Jenkins Independent Director
Peter W. Hogan Independent Director