Gouverneur Bancorp, Inc. Announces Semi-Annual Dividend

Rhea-AI Summary

Gouverneur Bancorp (OTC Pink: GOVB) announced a $0.10 semi-annual dividend, marking its 47^th consecutive payout. Shareholders of record on March 15^th, 2023, will receive this payment on March 31^st, 2023. Following the acquisition of Citizens Bank of Cape Vincent in September 2022, the dividend increase reflects the company's strength and confidence in future growth.

Positive

• 47^th consecutive semi-annual dividend declared.
• Dividend increased to $0.10 per share after CBCV acquisition.
• Expansion with three additional branches from CBCV acquisition shows growth potential.

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• None.

GOUVERNEUR, N.Y., Feb. 17, 2023 (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 $0.10 per share for all stockholders of record as of the close of business on March 15^th, 2023. This dividend will be paid on March 31^st, 2023.

Mr. Waterman commented, “I am proud to announce the 47^th consecutive semi-annual dividend paid by the Company. On September 16, 2022, the acquisition of Citizens Bank of Cape Vincent (“CBCV”) was consummated, adding three additional full-service branches, in Cape Vincent, Chaumont, and LaFargeville. The ability to increase the dividend paid per share to $0.10 after the completion of our acquisition of CBCV is a show of strength and confidence in the future of the Bank as we look forward to continuing service to our expanded customer base.”

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 for Gouverneur Bancorp in 2023?

The dividend amount is $0.10 per share.

When will the dividend be paid to shareholders of GOVB?

The dividend will be paid on March 31^st, 2023.

Who are the shareholders eligible for the dividend payment?

Shareholders of record as of March 15^th, 2023, are eligible.

How many consecutive dividends has Gouverneur Bancorp declared?

Gouverneur Bancorp has declared 47 consecutive semi-annual dividends.