Gouverneur Bancorp, Inc. Announces Semi-Annual Dividend

Rhea-AI Summary

Gouverneur Bancorp (OTC Pink: GOVB) has declared a semi-annual dividend of $0.06 per share for all stockholders of record by September 15, 2022. This dividend, marking the Company's 46th consecutive payment, will be distributed on September 30, 2022. President Faye C. Waterman highlighted the Company's ability to maintain competitive dividends for over 23 years, even amidst challenging global conditions. The parent company, Cambray Mutual Holding Company, will continue to receive member approval to waive its dividend rights.

Positive

• Declaration of a semi-annual dividend of $0.06 per share.
• 46th consecutive semi-annual dividend payment.
• 23 years of competitive dividend payments.

Negative

• None.

GOUVERNEUR, N.Y., July 25, 2022 (GLOBE NEWSWIRE) -- Mr. Faye C. Waterman, President of Gouverneur Bancorp, Inc. (OTC Pink: GOVB) (“Bancorp” or the “Company”) and its subsidiary, Gouverneur Savings and Loan Association (the “Bank”), announced today that the Company’s board of directors has declared a semi-annual dividend payment of $0.06 per share for all stockholders of record as of the close of business on September 15^th, 2022. This dividend will be paid on September 30^th, 2022.

Mr. Waterman commented, “I am pleased to announce Gouverneur Bancorp’s 46^th consecutive semi-annual dividend. The Company’s continued success had enabled it to pay twenty-three years of competitive dividends, even during these unprecedented and turbulent times facing not only our nation, but the world.”

Cambray Mutual Holding Company, the parent company of Gouverneur Bancorp and majority shareholder of Bancorp stock, continues to receive member and regulatory approval to waive its right to dividends.

Founded in 1892, the Bank is a New York State chartered savings and loan association offering a variety of banking products and services to individuals and businesses in its primary market area of St. Lawrence, Lewis and Jefferson Counties in New York State.

For more information, contact Faye C. Waterman, President, at (315) 287-2600.

FAQ

What is the dividend amount declared by Gouverneur Bancorp in 2022?

Gouverneur Bancorp declared a semi-annual dividend of $0.06 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on September 30, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is September 15, 2022.

How many consecutive dividends has Gouverneur Bancorp paid?

Gouverneur Bancorp has paid 46 consecutive semi-annual dividends.