GREENE COUNTY BANCORP INC 8-K

What Happened

• Greene County Bancorp, Inc. (NASDAQ: GCBC) announced on January 21, 2026 that its Board approved a quarterly cash dividend of $0.10 per share (annual rate $0.40), the same rate as the prior quarter.
• The company disclosed that Greene County Bancorp, MHC (the MHC)—the mutual holding company and majority stockholder—will not waive receipt of this dividend for the quarter ended December 31, 2025.

Key Details

• Dividend: $0.10 per share quarterly; $0.40 per share annualized.
• Majority owner: Greene County Bancorp, MHC holds 9,218,528 of 17,026,828 common shares outstanding.
• Timing/reference: Dividend applies to the quarter ended December 31, 2025; announcement filed in an 8-K on January 21, 2026 (press release filed as Exhibit 99.1).
• Historical practice: The MHC has historically waived its right to receive cash dividends but intends to receive this quarter’s payment for cash flow purposes.

Why It Matters

• This confirms a continuing quarterly dividend at the same rate as the prior quarter, which is relevant for income-focused investors.
• Because the MHC is the majority shareholder and will accept the dividend this quarter (rather than waiving it), a substantial portion of the payout will go to the MHC. Investors should note this change in distribution behavior when considering company cash flows and dividend recipients.