Greene County Bancorp, Inc. Announces Cash Dividend Increase, Payable on August 14, 2023
July 19, 2023 at 10:19 am EDT
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Greene County Bancorp, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.08 per share on the Company?s common stock. The dividend reflects an annual cash dividend rate of $0.32 per share which represents a 14.3% increase from the previous annual cash dividend of $0.28 per share. The cash dividend for the quarter ended June 30, 2023 will be paid to shareholders of record as of August 14, 2023, and is expected to be paid on August 31, 2023.
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.
GREENE COUNTY BANCORP, INC. 
