Business Services Industry
Greene County Bancorp, Inc. Announces Higher Quarterly Earnings
Business Wire, Oct 24, 2008
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1Greene County Bancorp, MHC, the owner of 53.5% of the shares issued by the Company, waived its right to receive the dividends. No adjustment has been made to account for this waiver. Dividend payout ratio represents on an annualized basis the ratio of dividends per share divided by basic earnings per share. It should be noted that dividends had been paid semi-annually; effective December 1, 2007, the Company changed to a quarterly dividend payment.
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