Greene County Bancorp, Inc. (NASDAQ:GCBC) to Issue Dividend Increase – $0.09 Per Share

Greene County Bancorp, Inc. (NASDAQ:GCBC) announced a quarterly dividend on Wednesday, July 17th, Zacks reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.09 per share by the real estate investment trust on Friday, August 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Thursday, August 15th. This is a boost from Greene County Bancorp’s previous quarterly dividend of $0.08.

Greene County Bancorp has increased its dividend by an average of 9.3% per year over the last three years and has raised its dividend every year for the last 11 years.

Greene County Bancorp Price Performance

Shares of NASDAQ GCBC opened at $30.91 on Wednesday. The stock has a market capitalization of $526.30 million, a PE ratio of 21.47 and a beta of 0.42. Greene County Bancorp has a fifty-two week low of $22.33 and a fifty-two week high of $37.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.66 and a quick ratio of 0.66. The business has a fifty day moving average price of $32.19 and a two-hundred day moving average price of $30.00.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.40 EPS for the quarter. The business had revenue of $16.58 million during the quarter. Greene County Bancorp had a return on equity of 12.84% and a net margin of 21.07%.

Insider Activity

In other Greene County Bancorp news, CFO Michelle M. Plummer sold 3,154 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $30.32, for a total transaction of $95,629.28. Following the completion of the transaction, the chief financial officer now owns 118,726 shares of the company’s stock, valued at $3,599,772.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Greene County Bancorp Company Profile

Greene County Bancorp, Inc operates as a holding company for The Bank of Greene County that provides various financial services in the United States. The company's deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.