Subsequent events

9 Months Ended

Mar. 31, 2016

(13)	Subsequent events

On April 19, 2016, the Board of Directors declared a cash dividend for the quarter ended March 31, 2016 of $0.0925 per share on Greene County Bancorp, Inc.’s common stock. The dividend reflects an annual cash dividend rate of $0.37 per share, which was the same rate as the dividend declared during the previous quarter. The dividend will be payable to stockholders of record as of May 13, 2016, and is expected to be paid on or about June 1, 2016. The MHC has historically waived its right to receive cash dividends from the Company. However, for purposes of cash flow and liquidity, the MHC does not intend to waive its receipt of these dividends to be paid by the Company for the quarter ended March 31, 2016.