GREENE COUNTY BANCORP INC 8-K

What Happened

• Greene County Bancorp, Inc. (NASDAQ: GCBC) filed an 8-K on April 22, 2026 announcing its Board approved a quarterly cash dividend of $0.10 per share (annual rate $0.40), the same rate as the prior quarter.
• The dividend relates to the quarter ended March 31, 2026. Greene County Bancorp, MHC (the MHC), which owns 9,218,528 of the Company’s 17,026,828 outstanding common shares, historically waives its right to receive cash dividends and intends to waive receipt of this dividend.

Key Details

• Dividend: $0.10 per common share for the quarter (annualized $0.40).
• Outstanding shares: 17,026,828 common shares; MHC ownership: 9,218,528 shares.
• Filing date: Form 8-K filed April 22, 2026; press release is included as Exhibit 99.1.
• MHC intends to waive its receipt of the dividend for the quarter ended March 31, 2026.

Why It Matters

• The dividend confirms the company’s continued cash payout at the same quarterly rate, providing income to shareholders who receive the payment.
• Because the MHC (the majority stockholder) will waive its dividend, the company’s cash outflow will be reduced compared with paying all outstanding shares, which affects the practical cash impact of the dividend.
• Investors tracking income, dividend consistency, and capital allocation should note the declared amount and the MHC’s waiver; check the company’s press release or future filings for record/payment dates and any further commentary.