Greene County Bancorp board approves $0.11 quarterly dividend

The Board of Directors of Greene County Bancorp, Inc. (NASDAQ: GCBC) approved a quarterly cash dividend of $0.11 per share on the company's common stock. This action maintains the annual cash dividend rate at $0.44 per share, a figure identical to the rate declared in the previous quarter.

The dividend corresponds to the quarter ended September 30, 2026. Shareholders of record as of November 13, 2026, are eligible to receive the payment, which is expected to be distributed on November 27, 2026. Donald E. Gibson, President and Chief Executive Officer of Greene County Bancorp, provided contact details for further information regarding the announcement.

A significant portion of the company's equity is held by its parent entity, Greene County Bancorp, MHC, a federal mutual holding company that owns 54.1% of the outstanding common shares. The MHC has agreed to waive its receipt of this specific dividend. This waiver is part of a broader arrangement where the MHC received nonobjection from the Federal Reserve Bank of Philadelphia to waive its right to receive dividends for four consecutive quarters. The waived dividends cover the periods ending March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026, aggregating up to $0.64 per share.

Greene County Bancorp, Inc. serves as the holding company for Bank of Greene and its subsidiary, Greene County Commercial Bank. The institution operates as a leading provider of community-based banking services in the Hudson Valley and Capital Regions of New York State. Its customer base includes individuals, businesses, municipalities, and other institutions. The company is publicly traded on the Nasdaq Capital Market.