Greene County Bancorp Announces Quarterly Cash Dividend Of $0.09 Per Share; Previously $0.08 Per Share; Annual Dividend Rate Increased By 12.5% To $0.36 Per Share
Portfolio Pulse from Benzinga Newsdesk
Greene County Bancorp (GCBC) has announced an increase in its quarterly cash dividend from $0.08 to $0.09 per share, resulting in a 12.5% increase in the annual dividend rate to $0.36 per share.
July 17, 2024 | 1:46 pm
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Greene County Bancorp (GCBC) has increased its quarterly cash dividend from $0.08 to $0.09 per share, leading to a 12.5% increase in the annual dividend rate to $0.36 per share.
The increase in the dividend payout is a positive signal to investors, indicating the company's confidence in its financial stability and future earnings. This is likely to attract income-focused investors and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100