GREENE COUNTY BANCORP INC : Other Events, Financial Statements and Exhibits (form 8-K)

Published: 2021-10-20 13:53:03 ET GCBC

Item 8.01 Other Events

On October 20, 2021, Greene County Bancorp, Inc. (NASDAQ-GCBC) announced that its Board of Directors has approved a quarterly cash dividend of $0.13 per share on the Company's common stock. The dividend reflects an annual cash dividend rate of $0.52 per share, which is the same rate as the dividend declared during the previous quarter.

A press release announcing the details of the dividend declaration is filed as exhibit 99.1.

Greene County Bancorp, MHC (the "MHC"), the mutual holding company and majority stockholder of the Company, and owner of 4,609,264 shares of the Company's 8,513,414 total shares of common stock outstanding, has historically waived its right to receive cash dividends from the Company. The MHC intends to waive its receipt of these dividends to be paid by the Company for the quarter ended September 30, 2021.

Item 9.01 Financial Statements and Exhibits

Exhibit No. Description

99.1 Press release dated October 20, 2021

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