Greene County Bancorp Announces Quarterly Dividend
News related to:Greene County Bancorp, Inc · 1 min read
CATSKILL, N.Y., Oct. 21, 2026 /CourierPR/ -- Greene County Bancorp, Inc., a publicly traded company on the Nasdaq Capital Market, has announced a quarterly cash dividend of $0.11 per share on its common stock. This dividend reflects an annual cash dividend rate of $0.44 per share, which is the same rate as the dividend declared during the previous quarter. The quarterly cash dividend for the quarter ended September 30, 2026, will be paid to shareholders of record as of November 13, 2026, and is expected to be paid on November 27, 2026.
The quarterly dividend is a continuation of the company's commitment to its shareholders, maintaining the same dividend rate as the previous quarter. The announcement comes as the company continues to operate as the holding company for Bank of Greene (formerly the Bank of Greene County) and its subsidiary Greene County Commercial Bank. These entities provide community-based banking services throughout the Hudson Valley and Capital Regions of New York State, serving a diverse customer base including individuals, businesses, municipalities, and other institutions.
The dividend is expected to benefit shareholders, particularly those who hold the company's common stock. The announcement also highlights the company's strong financial position, as evidenced by the approval of the Federal Reserve Bank of Philadelphia for the MHC (the "MHC") to waive its right to receive dividends from the Company. The MHC, a federal mutual holding company that owns 54.1% of the Company's outstanding common shares, has waived its right to receive dividends aggregating up to $0.64 per share, paid by the Company for the four quarters ending March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026.
This dividend is a significant aspect of the company's financial strategy, reflecting its dedication to promoting economic development and enhancing the quality of life in the communities it serves. The announcement underscores the company's commitment to its shareholders, maintaining the same dividend rate and providing a stable financial foundation for its operations.