Item 8.01 Other Events
On April 20, 2022, Greene County Bancorp, Inc. (NASDAQ-GCBC) 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.
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 4,609,264 shares of the Company's
8,513,414 total shares of common stock outstanding, has historically waived its
right to receive cash dividends from the Company. 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
March 31, 2022.
Item 9.01 Financial Statements and Exhibits
Exhibit No. Description
99.1 Press release dated April 20, 2022
Exhibit Number Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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