Gouverneur Bancorp, Inc. Announces Semi-Annual Dividend

Rhea-AI Summary

Gouverneur Bancorp, Inc. (OTC Pink: GOVB) announced a semi-annual dividend of $0.10 per share for stockholders of record as of March 15, 2022. This marks the 45th consecutive semi-annual dividend for the company and underscores its commitment to providing competitive dividends over the past 22 years. The dividend will be paid on March 31, 2022. The bank, which has been operational since 1892, serves St. Lawrence, Lewis, and Jefferson Counties in New York State.

Positive

• Declaration of a semi-annual dividend of $0.10 per share.
• 45th consecutive semi-annual dividend paid, reflecting consistent company performance.
• Over 22 years of competitive dividends, indicating financial stability.

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• None.

GOUVERNEUR, N.Y., March 08, 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 $0.10 per share for all stockholders of record as of the close of business on March 15^th, 2022. This dividend will be paid on March 31^st, 2022.

Mr. Waterman commented, “I am pleased to announce Gouverneur Bancorp’s 45^th consecutive semi-annual dividend. The Company’s continued success had enabled it to pay more than twenty-two 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?

The dividend amount declared is $0.10 per share.

When is the dividend payment date for GOVB shareholders?

The dividend will be paid on March 31, 2022.

What is the significance of the 45th consecutive semi-annual dividend by GOVB?

It demonstrates Gouverneur Bancorp's commitment to returning value to shareholders through consistent dividend payments.

Who is eligible to receive the Gouverneur Bancorp dividend?

Stockholders of record as of the close of business on March 15, 2022, are eligible to receive the dividend.