- Greene County Bancorp's ( NASDAQ: GCBC ) board has approved and launched a two-for-one stock split in the form of a stock dividend on its outstanding shares of common stock, the company said Tuesday.
- Each stockholder of record as of the close of business on March 8 will receive one additional share of common stock for each share then held, to be distributed after the close of business on March 23.
- After adjusting for the split, the company said it will have 17,026,828 common shares outstanding, based on the number of shares outstanding at press time.
- The move "could enhance the investment value and liquidity of our common stock," said Greene County President and CEO Donald E. Gibson, "and we believe that it is warranted, in light of the Company’s successful year and increase in stock price.”
- Seeking Alpha contributor Quad 7 Capital in January viewed shares of Greene County ( GCBC ), the holding company for The Bank of Greene County, as a Buy as the stocks' recent "pullback is overdone."
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Greene County Bancorp implements two-for-one stock split