Dividends

9 Months Ended

Mar. 31, 2023

Dividends [Abstract]

Dividends

(8)  Dividends

On February 21, 2023, the Board of Directors declared a 2-for-1 stock split on the Company’s common stock effective March 23, 2023 to outstanding common stockholders of record as of March 8, 2023.

On January 18, 2023, the Company announced that its Board of Directors has approved a quarterly cash dividend of $0.07 per share on the Company’s common stock. The dividend reflects an annual cash dividend rate of $0.28 per share. The dividend rate reflects the 2-for-1 stock split, distributed after the close of trading on March 23, 2023 and is unchanged from the previous quarterly dividend, which was $0.14 on a pre-split adjusted basis, which was the same rate as the dividend declared during the previous quarter. The dividend was payable to stockholders of record as of February 13, 2023, and was paid on February 27, 2023. Greene County Bancorp, MHC waived its right to receive this dividend.