Greene County Bancorp, Inc. Announces Cash Dividend Increase From $0.28 To $0.32/Share
Portfolio Pulse from Happy Mohamed
Greene County Bancorp, Inc. (NASDAQ-GCBC) has announced a 14.3% increase in its annual cash dividend from $0.28 to $0.32 per share. The dividend for the quarter ending June 30, 2023, will be paid to shareholders of record as of August 14, 2023. The majority owner, Greene County Bancorp, MHC, which owns 54.1% of the company's shares, will not waive its right to receive these dividends.
July 19, 2023 | 2:20 pm
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POSITIVE IMPACT
Greene County Bancorp's dividend increase may attract income-focused investors, potentially driving the stock price up in the short term.
Dividend increases are often seen as a sign of a company's financial health and can attract income-focused investors. This could increase demand for the stock, potentially driving the price up in the short term. However, the impact may be moderated by other market factors.
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