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CATSKILL, N.Y. - Greene County Bancorp, Inc. (NASDAQ:GCBC), a regional bank with a market capitalization of $418.52 million, announced Wednesday that its Board of Directors has approved a quarterly cash dividend of $0.10 per share on the company’s common stock. According to InvestingPro data, the company has maintained dividend payments for 26 consecutive years.
The dividend represents an annual cash dividend rate of $0.40 per share, an 11.1% increase from the previous annual rate of $0.36 per share, resulting in a current dividend yield of 1.47%. The cash dividend for the quarter ended June 30, 2025, will be paid to shareholders of record as of August 15, 2025, with payment expected on August 29, 2025. The bank has demonstrated consistent growth, with revenue increasing by 7.46% over the last twelve months.
Greene County Bancorp is the majority-owned subsidiary of Greene County Bancorp, MHC, a federal mutual holding company that owns 54.1% of the company’s outstanding common shares. The MHC is waiving its receipt of this dividend.
The Federal Reserve Bank of Philadelphia has issued a non-objection to the MHC’s waiver of dividends aggregating up to $0.48 per share, paid by the company during the four quarters ending December 31, 2024, March 31, 2025, June 30, 2025, and September 30, 2025.
Greene County Bancorp serves as the holding company for the Bank of Greene County, a federally chartered savings bank, and Greene County Commercial Bank, a New York-chartered commercial bank. Both banks are headquartered in Catskill, New York, and primarily serve the Hudson Valley Region and Capital District Region in New York State. Trading at a P/E ratio of 14.79, InvestingPro analysis suggests the stock is currently undervalued, with additional insights available through their comprehensive financial analysis platform.
This information is based on a press release statement from the company.
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