Subsequent events

9 Months Ended

Mar. 31, 2017

(13)	Subsequent events

On April 18, 2017, the Board of Directors declared a cash dividend for the quarter ended March 31, 2017 of $0.095 per share on Greene County Bancorp, Inc.’s common stock. The dividend reflects an annual cash dividend rate of $0.38 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 15, 2017, and will be paid on May 31, 2017. 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, 2017.