Gouverneur Bancorp, Inc. Announces Semi-Annual Dividend

Rhea-AI Summary

Gouverneur Bancorp, Inc. (OTC Pink: GOVB) announced a semi-annual dividend of $0.12 per share, payable on March 31, 2021, to stockholders of record as of March 15, 2021. This marks the Company’s 43rd consecutive semi-annual dividend, showcasing its commitment to providing competitive dividends for over twenty-one years. President Charles C. Van Vleet acknowledged the challenges posed by the ongoing pandemic and indicated that the Company is monitoring its financial performance and future dividend possibilities.

Positive

• Declared a semi-annual dividend of $0.12 per share, showcasing the company's commitment to shareholders.
• 43rd consecutive semi-annual dividend reflects steady performance and confidence in financial stability.

Negative

• Uncertainties related to the ongoing pandemic may impact future financial performance and dividends.

GOUVERNEUR, N.Y., Feb. 19, 2021 (GLOBE NEWSWIRE) -- Charles C. Van Vleet, 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 $0.12 per share for all stockholders of record as of the close of business on March 15^th, 2021. This dividend will be paid on March 31^st, 2021.

Mr. Van Vleet commented, “I am pleased to announce Gouverneur Bancorp’s 43^rd consecutive semi-annual dividend. The Company’s continued success had enabled it to pay more than twenty-one years of competitive dividends, even during these unprecedented and turbulent times facing not only our nation, but the world.”

In addition, Mr. Van Vleet noted that as the effects of the on-going pandemic on economic conditions remain uncertain at this time, the Company will continue to monitor the possible impact on its financial performance and the course of future dividends.

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 Charles C. Van Vleet Jr., President at (315) 287-2600.

FAQ

When will the dividend for GOVB be paid?

The dividend will be paid on March 31, 2021.

What is the amount of the dividend declared by Gouverneur Bancorp?

The declared dividend amount is $0.12 per share.

Who is eligible to receive the dividend from Gouverneur Bancorp?

Stockholders of record as of March 15, 2021, are eligible to receive the dividend.

How many consecutive dividends has Gouverneur Bancorp paid?

Gouverneur Bancorp has paid 43 consecutive semi-annual dividends.

What factors may affect future dividends for GOVB?

The ongoing pandemic and its impact on economic conditions may affect future dividends.