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GOUVERNEUR, N.Y. - Gouverneur Bancorp, Inc. (OTCQB Marketplace: GOVB), the parent company of Gouverneur Savings and Loan Association, has announced the issuance of a semi-annual cash dividend of $0.08 per common share, maintaining its impressive 25-year streak of consecutive dividend payments. With a current dividend yield of 1.32%, eligible shareholders on record by the close of business on May 5, 2025, will receive the dividend approximately on May 19, 2025.
This recent declaration represents the second consecutive semi-annual dividend since the organization’s transition from a mutual to a stock holding company form. The financial institution, founded in 1892, provides a range of banking services to individuals, families, and businesses.
As of December 31, 2024, Gouverneur Bancorp reported total assets of $196.8 million, with total deposits amounting to $159.7 million and total stockholders’ equity of $31.7 million.
The company’s press release also contained forward-looking statements regarding its future operations and market performance. These statements, which include expectations of integrating acquisitions and realizing cost savings, are subject to various risks and uncertainties. InvestingPro subscribers can access additional insights through exclusive ProTips and comprehensive financial health scores to better assess these risks. The platform currently offers 5 key ProTips for GOVB, including detailed analysis of profitability metrics and growth potential. Factors such as interest rate changes, economic conditions, regulatory shifts, and the competitive landscape may influence actual results and cause them to differ from projections.
Furthermore, the company highlighted potential risks related to cyberattacks and the need to maintain robust operational and security systems. Gouverneur Bancorp also stressed the importance of retaining key personnel in ensuring its continued success.
Investors are advised that forward-looking statements should not be relied upon unduly. The company assumes no obligation to update any forward-looking statements, and these should be evaluated alongside the risks described in reports filed with the U.S. Securities and Exchange Commission, available on the SEC’s website.
This dividend announcement is based on a press release statement from Gouverneur Bancorp, Inc.
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