Arrow Declares December 2022 Cash Dividend

Rhea-AI Summary

Arrow Financial Corporation (NasdaqGS - AROW) announced a quarterly cash dividend of $0.27 per share, payable on December 15, 2022, to shareholders of record on December 1, 2022. This marks a 7% increase from the fourth quarter of 2021, driven by a $0.01 per share increase and a 3% stock dividend distributed on September 23, 2022. As a multi-bank holding company based in Glens Falls, New York, Arrow provides financial services through its subsidiaries, including Glens Falls National Bank.

Positive

• Quarterly cash dividend of $0.27 per share declared.
• 7% increase in cash dividend compared to Q4 2021.
• Company confidence shown through consistent dividend growth.

Negative

• None.

GLENS FALLS, N.Y., Oct. 27, 2022 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on October 26, 2022, declared a quarterly cash dividend of $0.27 per share payable December 15, 2022, to shareholders of record on December 1, 2022.

This represents an increase of 7% over the cash dividend paid to shareholders in the fourth quarter of 2021 as a result of a $.01 per share increase and a 3% stock dividend distributed on September 23, 2022.

Arrow Financial Corporation (NasdaqGS® - AROW) is a multi-bank holding company headquartered in Glens Falls, New York, serving the financial needs of northeastern New York. The Company is the parent of Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company. Other subsidiaries include North Country Investment Advisers, Inc., and Upstate Agency, LLC, specializing in property and casualty insurance and group health and employee benefits.

The information in this document may contain statements based on management's beliefs, assumptions, expectations, estimates and projections about the future. Such "forward-looking statements," as defined in Section 21E of the Securities Exchange Act of 1934, as amended, involve a degree of uncertainty and attendant risk. Actual outcomes and results may differ, explicitly or by implication. We are not obliged to revise or update these statements to reflect unanticipated events. This document should be read in conjunction with Arrow's Annual Report on Form 10-K for the year ended December 31, 2021 and other filings with the Securities and Exchange Commission.

View original content:https://www.prnewswire.com/news-releases/arrow-declares-december-2022-cash-dividend-301661381.html

SOURCE Arrow Financial Corporation

FAQ

What is the dividend amount declared by Arrow Financial Corporation?

Arrow Financial Corporation declared a cash dividend of $0.27 per share.

When is the payment date for the declared dividend?

The payment date for the declared dividend is December 15, 2022.

How much has the dividend increased since the last quarter?

The dividend increased by 7% compared to the fourth quarter of 2021.

What is the record date for the dividend payout?

The record date for the dividend payout is December 1, 2022.