Greene County Bancorp, Inc. Announces Cash Dividend Payable on November 30, 2021
October 20, 2021 at 10:20 am EDT
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Greene County Bancorp, Inc. 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.
Greene County Bancorp, Inc. operates as the holding company of The Bank of Greene County (the Bank). The Bankâs principal business consists of attracting retail deposits from the general public in the areas surrounding its branches and investing those deposits, together with funds generated from operations and borrowings, primarily in residential mortgage loans, commercial real estate mortgage loans, consumer loans, home equity loans and commercial business loans. In addition, The Bank invests a significant portion of its assets in state and political subdivision securities and mortgage-backed securities. The Bank offers investment alternatives for customers. The Bank operates a subsidiary, Greene County Commercial Bank, which receives deposits only to the extent of accepting for deposit the funds of the United States and the state of New York and their respective agents, authorities and instrumentalities, and local governments. The Bank also operates a real estate investment trust.