Dividend unchanged and MHC waiver continues — no signal for change in capital return policy. Monitor next quarterly earnings for any shift in payout trajectory or capital deployment strategy.
Price Chart
Executive Summary
Greene County Bancorp declared a quarterly cash dividend of $0.11 per share, maintaining the annual rate of $0.44 per share, unchanged from the prior quarter. The majority owner, Greene County Bancorp, MHC (54.1% stake), is waiving its receipt of this dividend, which reduces the cash outflow to minority shareholders. This is a routine dividend declaration with no change in payout.
Key Facts
- Quarterly dividend of $0.11 per share declared, unchanged from prior quarter.
- Annual dividend rate remains $0.44 per share.
- Dividend payable November 27, 2026 to holders of record November 13, 2026.
- Majority owner Greene County Bancorp, MHC (9,218,528 shares, 54.1%) is waiving its dividend receipt.
- MHC has nonobjection from the Federal Reserve Bank of Philadelphia to waive dividends aggregating up to $0.64 per share for the four quarters ending December 31, 2026.
Financial Impact
No financial impact beyond routine cash distribution. MHC waiver reduces total dividend payout by approximately $1.0 million per quarter (9,218,528 shares × $0.11).
Risk Factors
- Dividend growth capped by MHC waiver structure and regulatory nonobjection limits.
- No change in payout suggests management sees no need to adjust capital return despite potential earnings variability.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-040352 |
| Document: ef20084187_ex99-1.htm | 0001140361-26-040352 |
| Document: 0001140361-26-040352-index-headers.html | 0001140361-26-040352 |
| Document: 0001140361-26-040352-index.html | 0001140361-26-040352 |
| Document: 0001140361-26-040352.txt | 0001140361-26-040352 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $36.01 | awaiting T+60 | — | $35.89 (−0.33%) |
Oct 22, 2026 5d ago | Press Release | $36.01 | awaiting T+60 | — | $35.89 (−0.33%) |
Oct 21, 2026 5d ago | 8-K | $34.57 | awaiting T+60 | — | $35.89 (+3.82%) |
Oct 21, 2026 6d ago | Press Release | $34.57 | awaiting T+60 | — | $35.89 (+3.82%) |
Sep 25, 2026 4w ago | DEFA14A | $34.46 | awaiting T+60 | — | $35.89 (+4.15%) |
Sep 25, 2026 4w ago | DEF 14A | $34.46 | awaiting T+60 | — | $35.89 (+4.15%) |
Sep 15, 2026 5w ago | 8-K | $36.02 | awaiting T+60 | — | $35.89 (−0.36%) |
Jul 23, 2026 13w ago | 8-K | $32.68 $34.25 | ▲ +4.82% | ▲ +0.27% | $35.89 (+9.84%) |
Jul 22, 2026 13w ago | 8-K | $32.60 $34.25 | ▲ +5.06% | ▲ +1.80% | $35.89 (+10.09%) |
Jun 22, 2026 18w ago | 8-K | $29.09 $36.02 | ▲ +23.82% | ▲ +22.08% | $35.89 (+23.38%) |
US Market Status
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