Greene County Bancorp Increases Quarterly Dividend by 12.5%

CATSKILL, N.Y., July 17, 2024 (GLOBE NEWSWIRE) — Greene County Bancorp, Inc. (NASDAQ: GCBC) announced a quarterly cash dividend of $0.09 per share on the Company’s common stock. The declared dividend signifies an annual cash dividend rate of $0.36 per share, showcasing a 12.5% increase from the previous annual cash dividend of $0.32 per share. Shareholders of record as of August 15, 2024, are set to receive the cash dividend for the quarter ended June 30, 2024, with the scheduled payment date being August 30, 2024.

The Company, a majority-owned subsidiary of Greene County Bancorp, MHC, a federal mutual holding company owning 54.1% of the Company’s exceptional common shares, typically forwent its right to obtain cash dividends from the Company. Nevertheless, to ensure cash flow, the MHC intends to collect these dividends for the quarter that concluded on June 30, 2024. Greene County Bancorp, Inc., functions as the direct and indirect holding company for The Bank of Greene County and Greene County Commercial Bank, both situated in Catskill, New York, serving the Hudson Valley Region and Capital District of New York State.

For further insights into Greene County Bancorp, Inc., individuals can access www.tbogc.com. Donald E. Gibson, the President and Chief Executive Officer, can be contacted at (518) 943-2600 or via email at donaldg@tbogc.com.