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Gouverneur Bancorp, Inc. Announces Semi-Annual Cash Dividend

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Gouverneur Bancorp, Inc. (OTCQB: GOVB), the holding company for Gouverneur Savings and Loan Association, has declared a semi-annual cash dividend of $0.08 per common share. The dividend will be paid on or about November 18, 2024 to shareholders of record as of November 4, 2024. This marks the first cash dividend since the Bank's conversion from a mutual holding company to a stock holding company structure.

Gouverneur Savings and Loan Association, founded in 1892, offers deposit and loan services for businesses, families, and individuals. As of June 30, 2024, the Company reported total assets of $195.1 million, total deposits of $153.4 million, and total stockholders' equity of $31.7 million.

Gouverneur Bancorp, Inc. (OTCQB: GOVB), la holding per Gouverneur Savings and Loan Association, ha dichiarato un dividendo in contante semestrale di $0.08 per ogni azione ordinaria. Il dividendo sarà pagato il 18 novembre 2024 circa, agli azionisti registrati al 4 novembre 2024. Questo segna il primo dividendo in contante dalla conversione della Banca da una holding mutualistica a una holding azionaria.

Gouverneur Savings and Loan Association, fondata nel 1892, offre servizi di deposito e prestito per aziende, famiglie e individui. Al 30 giugno 2024, l'Azienda ha riportato attività totali di $195.1 milioni, depositi totali di $153.4 milioni, e patrimonio netto totale di $31.7 milioni.

Gouverneur Bancorp, Inc. (OTCQB: GOVB), la compañía holding de Gouverneur Savings and Loan Association, ha declarado un dividendo en efectivo semestral de $0.08 por acción común. El dividendo se pagará el 18 de noviembre de 2024 aproximadamente, a los accionistas registrados hasta el 4 de noviembre de 2024. Este es el primer dividendo en efectivo desde la conversión del Banco de una compañía holding mutual a una estructura de compañía holding de acciones.

Gouverneur Savings and Loan Association, fundada en 1892, ofrece servicios de depósito y préstamo para negocios, familias e individuos. Al 30 de junio de 2024, la Compañía reportó activos totales de $195.1 millones, depósitos totales de $153.4 millones y patrimonio neto total de $31.7 millones.

Gouverneur Bancorp, Inc. (OTCQB: GOVB)은 Gouverneur Savings and Loan Association의 모회사로서,0.08달러의 반기 현금 배당금을 발표했습니다. 이 배당금은 2024년 11월 18일에 지급되며, 2024년 11월 4일 기준 주주에게 제공됩니다. 이는 은행이 상호 지주회사에서 주식 지주회사로 전환한 이후 첫 번째 현금 배당금입니다.

Gouverneur Savings and Loan Association은 1892년에 설립되어 기업, 가족 및 개인에게 예금 및 대출 서비스를 제공합니다. 2024년 6월 30일 기준으로 회사는 총 자산 1억 9,510만 달러, 총 예치금 1억 5,340만 달러, 그리고 총 주주 자본 3,170만 달러를 보고했습니다.

Gouverneur Bancorp, Inc. (OTCQB: GOVB), la société holding de la Gouverneur Savings and Loan Association, a déclaré un dividende en espèces semestriel de 0,08 $ par action ordinaire. Ce dividende sera versé aux actionnaires enregistrés à compter du 4 novembre 2024 autour du 18 novembre 2024. Cela marque le premier dividende en espèces depuis la conversion de la Banque d'une société holding mutuelle à une structure de société holding par actions.

La Gouverneur Savings and Loan Association, fondée en 1892, propose des services de dépôt et de prêt pour les entreprises, les familles et les particuliers. Au 30 juin 2024, la société a rapporté un actif total de 195,1 millions $, un total de dépôts de 153,4 millions $, et un capital total des actionnaires de 31,7 millions $.

Gouverneur Bancorp, Inc. (OTCQB: GOVB), die Holdinggesellschaft der Gouverneur Savings and Loan Association, hat eine halbjährliche Bargelddividende von 0,08 $ pro Stammaktie erklärt. Die Dividende wird voraussichtlich am 18. November 2024 an die Aktionäre ausgezahlt, die am 4. November 2024 im Aktienregister stehen. Dies ist die erste Bargelddividende seit der Umwandlung der Bank von einer Genossenschafts-Holdinggesellschaft zu einer Aktien-Holdinggesellschaft.

Die Gouverneur Savings and Loan Association, gegründet 1892, bietet Einlagen- und Kreditdienstleistungen für Unternehmen, Familien und Einzelpersonen an. Zum 30. Juni 2024 berichtete das Unternehmen über Gesamtvermögen von 195,1 Millionen $, Gesamtanlagen von 153,4 Millionen $ und Eigenkapital der Aktionäre von 31,7 Millionen $.

Positive
  • Declared semi-annual cash dividend of $0.08 per common share
  • First cash dividend since conversion to stock holding company structure
  • Total assets of $195.1 million as of June 30, 2024
  • Total deposits of $153.4 million
  • Total stockholders' equity of $31.7 million
Negative
  • None.

GOUVERNEUR, N.Y., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Gouverneur Bancorp, Inc. (OTCQB Marketplace: GOVB) (the “Company”), the holding company for Gouverneur Savings and Loan Association (the “Bank”), announced today that its Board of Directors has declared a semi-annual cash dividend of $0.08 per common share. The dividend will be paid on or about November 18, 2024 to shareholders of record as of the close of business on November 4, 2024.  

This is the first cash dividend for the Company since the completion of the Bank’s conversion from the mutual holding company form of organization to the stock holding company form of organization.

About Gouverneur Bancorp, Inc.

Gouverneur Bancorp, Inc. is the holding company for Gouverneur Savings and Loan Association, which is a New York chartered savings and loan association founded in 1892 that offers deposit and loan services for businesses, families and individuals. At June 30, 2024, the Company had total assets of $195.1 million, total deposits of $153.4 million and total stockholders’ equity of $31.7 million.

Forward-Looking Statements

This press release may contain forward-looking statements, which can be identified by the use of words such as “believes,” “expects,” “anticipates,” “estimates” or similar expressions. Such forward-looking statements and all other statements that are not historic facts are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors. These factors include, among others, the following: the Bank’s ability to complete its previously announced proposed conversion to a national banking association charter; the ability to successfully integrate acquired entities and realize expected cost savings associated with completed mergers and acquisitions; changes in interest rates; national and regional economic conditions; legislative and regulatory changes; monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board; the size, quality and composition of the loan or investment portfolios; demand for loan products; deposit flows and our ability to effectively manage liquidity; competition; demand for financial services in our market area; changes in real estate market values in our market area; changes in relevant accounting principles and guidelines; and our ability to attract and retain key employees. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Should one or more of these risks materialize, actual results may vary from those anticipated, estimated or projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as may be required by applicable law or regulation, the Company assumes no obligation to update any forward-looking statements.

CONTACT:  Robert W. Barlow
President and Chief Executive Officer
(315) 287-2600
   

FAQ

What is the amount of Gouverneur Bancorp's (GOVB) semi-annual cash dividend for 2024?

Gouverneur Bancorp (GOVB) has declared a semi-annual cash dividend of $0.08 per common share for 2024.

When will Gouverneur Bancorp (GOVB) pay its semi-annual dividend in 2024?

Gouverneur Bancorp (GOVB) will pay its semi-annual dividend on or about November 18, 2024, to shareholders of record as of November 4, 2024.

What were Gouverneur Bancorp's (GOVB) total assets as of June 30, 2024?

As of June 30, 2024, Gouverneur Bancorp (GOVB) reported total assets of $195.1 million.

How much were Gouverneur Bancorp's (GOVB) total deposits as of June 30, 2024?

Gouverneur Bancorp (GOVB) reported total deposits of $153.4 million as of June 30, 2024.

GOUVERNEUR BANCORP INC MD

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Gouverneur