GOUVERNEUR, N.Y., Aug. 15, 2014 /PRNewswire/ -- Charles C. Van
Vleet, President and Chief Executive Officer of Gouverneur Bancorp,
Inc. (OTCQB: 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 $0.17
per share for all stockholders of record as of the close of
business on September 15, 2014.
This dividend will be paid on September 30,
2014.
Mr. Van Vleet commented, "A key
reason for Gouverneur Bancorp's success has been its
ability to pay a competitive dividend. It is with great
pleasure that I announce our 29th consecutive
semi-annual dividend paid by the Company. Cambray Mutual Holding
Company, the parent company of Gouverneur Bancorp and majority
shareholder of Bancorp stock, has received member and regulatory
approval to waive its right to dividends, which increases the
strength of the Bank."
Founded in 1892, the Bank is a federally 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 County and the
Alexandria Bay area located in
Jefferson County.
Note: This press release may contain certain statements, which
are not historical facts or which concern the Bank's future
operations or economic performance and which are considered
forward-looking statements. Any such forward-looking
statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. The Bank cautions
that all forward-looking statements involve risks and
uncertainties, and that actual results may differ materially from
those indicated in the forward-looking statements as a result of
various factors, such as changing economic and competitive
conditions and other risks and uncertainties. In addition,
statements in this news release regarding historical stock price
performance are not indicative of or guarantees of future price
performance.
SOURCE Gouverneur Bancorp, Inc.