The 10% dividend increase signals management confidence in earnings and capital strength, while the MHC waiver limits cash outflow. This is a positive signal for income-focused holders. Monitor the next quarterly earnings release for confirmation of earnings coverage of the new dividend rate.
Price Chart
Executive Summary
Greene County Bancorp announced a 10.0% increase in its quarterly cash dividend to $0.11 per share ($0.44 annualized), up from $0.40 per share. The dividend will be paid on August 31, 2026, to shareholders of record as of August 14, 2026. The majority owner, Greene County Bancorp, MHC (54.1% owner), will waive its receipt of this dividend, meaning the effective cash outflow to public shareholders is limited to the ~46% minority float.
Key Facts
- Quarterly dividend increased to $0.11 per share from $0.10 per share, a 10.0% increase.
- Annualized dividend rate is now $0.44 per share, up from $0.40 per share.
- Dividend payable August 31, 2026, to holders of record August 14, 2026.
- Majority owner Greene County Bancorp, MHC (54.1% owner, 9,218,528 shares) will waive its receipt of this dividend.
- The MHC has received Fed non-objection to waive dividends up to $0.64 per share for the four quarters ending March 31, 2027.
Financial Impact
10.0% increase in annual dividend rate from $0.40 to $0.44 per share. With MHC waiving its 54.1% stake, the actual cash payout to public shareholders is approximately $0.46 million per quarter (7,806,957 public shares x $0.11).
Risk Factors
- Dividend growth may slow if earnings growth decelerates or credit conditions deteriorate in the bank's Hudson Valley/Capital Region market.
- The MHC's waiver is not permanent; if it resumes taking dividends, the effective payout to public shareholders could be reduced or the total dividend could be cut.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-029241 |
| Document: ef20078418_ex99-1.htm | 0001140361-26-029241 |
| Document: 0001140361-26-029241-index-headers.html | 0001140361-26-029241 |
| Document: 0001140361-26-029241-index.html | 0001140361-26-029241 |
| Document: 0001140361-26-029241.txt | 0001140361-26-029241 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $36.01 | awaiting T+60 | — | $35.75 (−0.72%) |
Oct 22, 2026 4d ago | Press Release | $36.01 | awaiting T+60 | — | $35.75 (−0.72%) |
Oct 21, 2026 5d ago | 8-K | $34.57 | awaiting T+60 | — | $35.75 (+3.41%) |
Oct 21, 2026 5d ago | Press Release | $34.57 | awaiting T+60 | — | $35.75 (+3.41%) |
Sep 25, 2026 4w ago | DEFA14A | $34.46 | awaiting T+60 | — | $35.75 (+3.74%) |
Sep 25, 2026 4w ago | DEF 14A | $34.46 | awaiting T+60 | — | $35.75 (+3.74%) |
Sep 15, 2026 5w ago | 8-K | $36.02 | awaiting T+60 | — | $35.75 (−0.75%) |
Jul 23, 2026 13w ago | 8-K | $32.68 $34.25 | ▲ +4.82% | ▲ +0.27% | $35.75 (+9.41%) |
Jul 22, 2026 13w ago | 8-K | $32.60 $34.25 | ▲ +5.06% | ▲ +1.80% | $35.75 (+9.66%) |
Jun 22, 2026 18w ago | 8-K | $29.09 $36.02 | ▲ +23.82% | ▲ +22.08% | $35.75 (+22.89%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers