TSMC Shares Hit Record High as AI Chip Demand Fuels Strong Q4 Earnings 
White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability 
Rio Tinto and BHP Agree to Explore Major Iron Ore Collaboration in Pilbara 
China Considers New Rules to Limit Purchases of Foreign AI Chips Amid Growing Demand 
Tesla Revives Dojo Supercomputer Project With AI5 Chip at the Core 
Sanofi Gains China Approval for Myqorzo and Redemplo, Strengthening Rare Disease Portfolio 
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation 
Anthropic Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion 
TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure 
Proposed Rio Tinto–Glencore Merger Faces China Regulatory Hurdles and Asset Sale Pressure 
Walmart International CEO Kathryn McLay to Step Down After Two and a Half Years 
U.S. Transportation Board Sends Union Pacific–Norfolk Southern Merger Back for Revision 
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition 
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production 
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO 
CATSKILL, N.Y., April 19, 2017 -- Greene County Bancorp, Inc. (NASDAQ:GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.095 per share on the Company’s common stock. The dividend reflects an annual cash dividend rate of $0.38 per share, which is the same rate as the dividend declared during the previous quarter.
The cash dividend for the quarter ended March 31, 2017 will be paid to shareholders of record as of May 15, 2017, and is expected to be paid on or about May 31, 2017.
The Company is the majority-owned subsidiary of Greene County Bancorp, MHC (the “MHC”), a federal mutual holding company which owns 54.2% of the Company’s outstanding common shares. The MHC has historically waived its right to receive cash dividends from the Company. However, for purposes of cash flow and liquidity, the MHC does not intend to waive its receipt of these dividends to be paid by the Company for the quarter ended March 31, 2017.
Greene County Bancorp, Inc. is the direct and indirect holding company, respectively, for The Bank of Greene County, a federally chartered savings bank, and Greene County Commercial Bank, a New York-chartered commercial bank, both headquartered in Catskill, New York. The Banks serve the market area currently concentrated around the areas within the Hudson Valley Region of New York.
For Further Information Contact: Donald E. Gibson President and Chief Executive Officer (518) 943-2600 [email protected]
