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Dividends

On February 17, 2016, the Board of Directors declared a two-for-one stock split on the Company’s common stock. The stock split was paid on March 15, 2016 to stockholders of record as of March 7, 2016.

On January 19, 2016, the Board of Directors declared a cash dividend for the quarter ended December 31, 2015 of $0.0925 per share on Greene County Bancorp, Inc.’s common stock, adjusted for the stock split. The dividend reflects an annual cash dividend rate of $0.37 per share, adjusted for the stock split, which was the same rate as the dividend declared during the previous quarter. The dividend was payable to stockholders of record as of February 12, 2016, and was paid on March 1, 2016. The MHC waived its receipt of this dividend.