Subsequent events

6 Months Ended

Dec. 31, 2022

Subsequent events [Abstract]

Subsequent events

(15)        Subsequent events

On January 18, 2023, the Board of Directors announced a cash dividend for the quarter ended December 31, 2022 of $0.14 per share on Greene County Bancorp, Inc.’s common stock.  The dividend reflects an annual cash dividend rate of $0.56 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 February 13, 2023, and is expected to be paid on February 27, 2023.  The Greene County Bancorp, MHC intends to waive its receipt of this dividend.

As previously disclosed to, and approved by, the Company’s shareholders at the Company’s Annual Meeting held on November 5, 2022, the Company’s charter was amended, effective January 19, 2023, to increase the number of authorized shares of common stock from 12,000,000 to 36,000,000.