Gouverneur Bancorp, Inc. announced on October 21, 2024, that its Board of Directors declared a semi-annual cash dividend of $0.08 per common share. This dividend is scheduled for payment on or about November 18, 2024, to shareholders of record as of November 4, 2024.
This declaration marks the first cash dividend for the Company since the completion of the Bank’s conversion from a mutual holding company to a stock holding company. The dividend signifies the company's commitment to returning value to its shareholders following its corporate restructuring.
At 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. The dividend reflects the company's financial position and its ability to distribute earnings to investors.
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