Arrow Declares March 2023 Cash Dividend

Rhea-AI Summary

On February 1, 2023, the Board of Directors of Arrow Financial Corporation (AROW) declared a quarterly cash dividend of $0.27 per share, payable on March 15, 2023, to shareholders of record as of March 3, 2023. This represents a 3.0% increase from the dividend paid in the first quarter of 2022, attributed to a 3% stock dividend distributed on September 23, 2022. Arrow Financial Corporation is a multi-bank holding company based in Glens Falls, New York, serving northeastern New York through its banks and investment services.

Positive

• Quarterly cash dividend increased by 3.0% compared to Q1 2022.
• Consistent dividend payment reflects strong financial health.

Negative

• None.

GLENS FALLS, N.Y. , Feb. 2, 2023 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS^® - AROW) on February 1, 2023, declared a quarterly cash dividend of $0.27 per share payable March 15, 2023, to shareholders of record on March 3, 2023.

This represents a 3.0% increase over the cash dividend paid in the first quarter of 2022, as a result of the 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-march-2023-cash-dividend-301737518.html

SOURCE Arrow Financial Corporation

FAQ

What is the dividend amount declared by AROW in February 2023?

The dividend amount declared by AROW in February 2023 is $0.27 per share.

When will the AROW dividend be paid?

The AROW dividend will be paid on March 15, 2023.

What is the record date for the AROW dividend?

The record date for the AROW dividend is March 3, 2023.

How much has AROW increased its dividend compared to last year?

AROW has increased its dividend by 3.0% compared to the first quarter of 2022.