On April 19, 2017, Greene County Bancorp, Inc. (NASDAQ-GCBC)
announced that its Board of Directors has approved the
continuation of a quarterly cash dividend. The Company has paid a
quarterly cash dividend of $0.095 per share on the Companys
common stock. The dividend reflects an annual cash dividend rate
of $0.38 per share, which is the same rate as the dividend
declared during the previous quarter. A press release announcing
the details of the dividend declaration is filed as exhibit 99.1.

The Company is the majority-owned subsidiary of Greene County
Bancorp, MHC (the MHC), a federal mutual holding company which
owns 54.2% of the Companys outstanding common shares. The MHC has
historically waived its right to receive cash dividends from the
Company. However, for purposes of cash flow and liquidity, the
MHC does not intend to waive its receipt of these dividends to be
paid by the Company for the quarter ended March 31, 2017.

Item 9.01

Financial Statements and Exhibits