Greene County Bancorp, Inc. (NASDAQ:GCBC) to Issue Quarterly Dividend of $0.09

Greene County Bancorp, Inc. (NASDAQ:GCBC) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.09 per share by the real estate investment trust on Friday, February 28th. This represents a $0.36 annualized dividend and a dividend yield of 1.34%.

Greene County Bancorp has increased its dividend payment by an average of 10.8% per year over the last three years and has raised its dividend every year for the last 11 years.

Greene County Bancorp Stock Performance

NASDAQ GCBC opened at $26.85 on Thursday. The firm has a market cap of $457.26 million, a P/E ratio of 18.52 and a beta of 0.46. The company’s 50 day moving average is $29.30 and its 200-day moving average is $30.67. Greene County Bancorp has a 12-month low of $24.10 and a 12-month high of $37.25. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.14.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings data on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter. Greene County Bancorp had a return on equity of 12.03% and a net margin of 20.28%. During the same quarter last year, the business earned $0.34 earnings per share.

Insider Activity

In other Greene County Bancorp news, CFO Nick Barzee bought 892 shares of Greene County Bancorp stock in a transaction dated Friday, October 25th. The shares were purchased at an average cost of $28.57 per share, with a total value of $25,484.44. Following the completion of the purchase, the chief financial officer now owns 900 shares of the company’s stock, valued at approximately $25,713. This represents a 11,150.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tejraj S. Hada purchased 2,000 shares of Greene County Bancorp stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average price of $28.00 per share, for a total transaction of $56,000.00. Following the transaction, the director now directly owns 8,651 shares of the company’s stock, valued at $242,228. This trade represents a 30.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.