Latest news with #GCBC
San Francisco Chronicle
6 days ago
- Business
- San Francisco Chronicle
Greene County: Fiscal Q4 Earnings Snapshot
CATSKILL, N.Y. (AP) — CATSKILL, N.Y. (AP) — Greene County Bancorp Inc. (GCBC) on Wednesday reported earnings of $9.3 million in its fiscal fourth quarter. The Catskill, New York-based company said it had profit of 55 cents per share. The bank posted revenue of $34.5 million in the period. Its adjusted revenue was $20.5 million. _____
Yahoo
19-07-2025
- Business
- Yahoo
Greene County Bancorp (NASDAQ:GCBC) Is Paying Out A Larger Dividend Than Last Year
The board of Greene County Bancorp, Inc. (NASDAQ:GCBC) has announced that it will be increasing its dividend by 11% on the 29th of August to $0.10, up from last year's comparable payment of $0.09. This takes the annual payment to 1.4% of the current stock price, which unfortunately is below what the industry is paying. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Greene County Bancorp's Dividend Forecasted To Be Well Covered By Earnings The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. Greene County Bancorp has established itself as a dividend paying company with over 10 years history of distributing earnings to shareholders. Using data from its latest earnings report, Greene County Bancorp's payout ratio sits at 21%, an extremely comfortable number that shows that it can pay its dividend. If the trend of the last few years continues, EPS will grow by 9.5% over the next 12 months. Assuming the dividend continues along recent trends, we think the future payout ratio could be 22% by next year, which is in a pretty sustainable range. Check out our latest analysis for Greene County Bancorp Greene County Bancorp Has A Solid Track Record Even over a long history of paying dividends, the company's distributions have been remarkably stable. Since 2015, the annual payment back then was $0.18, compared to the most recent full-year payment of $0.36. This means that it has been growing its distributions at 7.2% per annum over that time. Dividends have grown at a reasonable rate over this period, and without any major cuts in the payment over time, we think this is an attractive combination as it provides a nice boost to shareholder returns. The Dividend Has Growth Potential Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. It's encouraging to see that Greene County Bancorp has been growing its earnings per share at 9.5% a year over the past five years. Greene County Bancorp definitely has the potential to grow its dividend in the future with earnings on an uptrend and a low payout ratio. We Really Like Greene County Bancorp's Dividend Overall, a dividend increase is always good, and we think that Greene County Bancorp is a strong income stock thanks to its track record and growing earnings. Earnings are easily covering distributions, and the company is generating plenty of cash. All of these factors considered, we think this has solid potential as a dividend stock. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. Are management backing themselves to deliver performance? Check their shareholdings in Greene County Bancorp in our latest insider ownership analysis. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Cision Canada
07-05-2025
- Business
- Cision Canada
THE GLOBAL CAPACITY BUILDING COALITION LAUNCHES ACCELERATOR AT ECOSPERITY TO SPOTLIGHT AND SCALE CLIMATE FINANCE CAPACITY BUILDING INITIATIVES
The inaugural GCBC Accelerator will provide high-potential projects with access to expert advisory, networks, and resources to scale solutions that work to accelerate investment in the transition in EMDEs SINGAPORE, May 6, 2025 /CNW/ -- Today at the Ecosperity Week 2025, Mary L. Schapiro, Chair of the Global Capacity Building Coalition (GCBC), announced the launch of the GCBC Accelerator, a global initiative that will identify, celebrate, and support high potential capacity building projects that mobilize sustainable finance to help bridge the investment and capacity gap in emerging markets and developing economies (EMDEs). The Accelerator, open to organizations, partnerships, or programs dedicated to building capacity in or for EMDEs, presents an exciting new opportunity for applicants to showcase their efforts supporting the development of climate finance needed to scale the energy transition. Applicants will be able to enter across three distinct categories: mobilizing sustainable finance, building climate capabilities, and fostering innovation. EMDEs, excluding China, face a nearly $2.5 trillion annual financing gap for sustainable development. Around half of this finance is expected to come from domestic resource mobilization, presenting a transformative opportunity for growth. Strengthening the capacity of financial institutions and professionals in local economies is a critical lever to unlock investment potential. Today, capacity building resources needed to scale the energy transition and sustainable development can often be fragmented, difficult to access, and unevenly targeted. The Accelerator seeks to address these barriers by spotlighting and supporting the world's most innovative and impactful capacity building initiatives that help channel capital where it's needed most. Mary Schapiro, Chair of the Global Capacity Building Coalition and Vice Chair of the Glasgow Financial Alliance for Net Zero (GFANZ) said,"Emerging markets and developing economies need access to the tools, resources, and support necessary to accelerate the clean energy transition. This Accelerator program is designed to identify and scale innovative efforts that support capacity-building, drive economic opportunity, and help build more resilient, sustainable economies. The GCBC is excited to elevate financial institutions, civil society organizations, and others that are engaging in this critical work." The GCBC will provide tailored support for selected Accelerator initiatives, including expert advisory, communications and marketing support, partnership facilitation, as well as practical and operational support for capacity building activities. The GCBC will announce selected applicants at New York Climate Week in September 2025. By recognizing these capacity building efforts within the climate finance ecosystem and supporting them to scale and replicate, the Accelerator aims to help organizations and individuals unlock opportunities and accelerate investment in the transition across EMDEs. Full information on the Accelerator is available here. Applications close at 11:59 PM ET on July 4, 2025. About the Global Capacity Building Coalition (GCBC) The Global Capacity Building Coalition (GCBC) is an unprecedented global initiative. It brings together many of the world's leading climate finance organizations to accelerate and scale climate and transition finance capacity building for financial institutions and finance professionals, particularly in emerging markets and developing economies (EMDEs). The Coalition is designed to enhance collaboration and respond to growing requests for capacity building support from financial institutions in EMDEs to meet the aims of the UN and the G20 Sustainable Finance Working Group (SFWG). The GCBC was launched by the U.N. Secretary-General's Special Envoy on Climate Ambition and Solutions Michael R. Bloomberg, alongside senior leaders of multilateral development banks, finance, and international organizations at COP28 in December 2023.
Yahoo
07-05-2025
- Business
- Yahoo
THE GLOBAL CAPACITY BUILDING COALITION LAUNCHES ACCELERATOR AT ECOSPERITY TO SPOTLIGHT AND SCALE CLIMATE FINANCE CAPACITY BUILDING INITIATIVES
The inaugural GCBC Accelerator will provide high-potential projects with access to expert advisory, networks, and resources to scale solutions that work to accelerate investment in the transition in EMDEs SINGAPORE, May 6, 2025 /PRNewswire/ -- Today at the Ecosperity Week 2025, Mary L. Schapiro, Chair of the Global Capacity Building Coalition (GCBC), announced the launch of the GCBC Accelerator, a global initiative that will identify, celebrate, and support high potential capacity building projects that mobilize sustainable finance to help bridge the investment and capacity gap in emerging markets and developing economies (EMDEs). The Global Capacity Building Coalition The Accelerator, open to organizations, partnerships, or programs dedicated to building capacity in or for EMDEs, presents an exciting new opportunity for applicants to showcase their efforts supporting the development of climate finance needed to scale the energy transition. Applicants will be able to enter across three distinct categories: mobilizing sustainable finance, building climate capabilities, and fostering innovation. EMDEs, excluding China, face a nearly $2.5 trillion annual financing gap for sustainable development. Around half of this finance is expected to come from domestic resource mobilization, presenting a transformative opportunity for growth. Strengthening the capacity of financial institutions and professionals in local economies is a critical lever to unlock investment potential. Today, capacity building resources needed to scale the energy transition and sustainable development can often be fragmented, difficult to access, and unevenly targeted. The Accelerator seeks to address these barriers by spotlighting and supporting the world's most innovative and impactful capacity building initiatives that help channel capital where it's needed most. Mary Schapiro, Chair of the Global Capacity Building Coalition and Vice Chair of the Glasgow Financial Alliance for Net Zero (GFANZ) said, "Emerging markets and developing economies need access to the tools, resources, and support necessary to accelerate the clean energy transition. This Accelerator program is designed to identify and scale innovative efforts that support capacity-building, drive economic opportunity, and help build more resilient, sustainable economies. The GCBC is excited to elevate financial institutions, civil society organizations, and others that are engaging in this critical work." The GCBC will provide tailored support for selected Accelerator initiatives, including expert advisory, communications and marketing support, partnership facilitation, as well as practical and operational support for capacity building activities. The GCBC will announce selected applicants at New York Climate Week in September 2025. By recognizing these capacity building efforts within the climate finance ecosystem and supporting them to scale and replicate, the Accelerator aims to help organizations and individuals unlock opportunities and accelerate investment in the transition across EMDEs.
Yahoo
24-04-2025
- Business
- Yahoo
USM, GCBC start Executive Leadership Academy in Mississippi
LONG BEACH, Miss. (WHLT) – The University of Southern Mississippi (USM) and the Gulf Coast Business Council (GCBC) have entered into a strategic partnership to launch the Executive Leadership Academy (ELA). This will be an education initiative designed to foster transformative leadership across the Mississippi Gulf Coast. The partnership was formalized through a Memorandum of Understanding (MOU) signed April 24 at the GCBC's monthly membership meeting. Nine Mississippi students named 2025 U.S. Presidential Scholars semifinalists The Executive Leadership Academy will be housed at the Southern Miss Gulf Park campus in Long Beach and will feature a comprehensive curriculum delivered over a nine-month period. Designed by the university's Executive Education program, the ELA will include at least 60 hours of face-to-face instruction led by highly qualified faculty and industry experts. Key highlights of the Executive Leadership Academy include: A curriculum grounded in leadership best practices and tailored to the Gulf Coast business environment Tuition scholarships provided for classes exceeding enrollment benchmarks A continuing education certificate and digital badge issued by Southern Miss Recognition of program graduates at a GCBC-hosted event 'This is a true partnership for progress. By aligning the strengths of our university's academic leadership with the Gulf Coast Business Council's commitment to uniting regional leaders and driving growth and opportunity along the coast, we are investing in the future of our region. The Executive Leadership Academy will be a game-changer for leadership development along the coast,' said Southern Miss President Dr. Joe Paul. Program collaboration and planning for the ELA's inaugural cohort will begin this summer. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
