Arrow Declares September 2022 Cash Dividend

Rhea-AI Summary

Arrow Financial Corporation (AROW) declared a quarterly cash dividend of $0.27 per share, an increase of 7% from the previous year. The dividend will be payable on September 15, 2022, to shareholders on record as of September 1, 2022. This is a result of a $0.01 share increase and a 3% stock dividend from the prior year. Arrow Financial operates in northeastern New York, providing banking and investment services through its subsidiaries.

Positive

• Dividend increase of 7% reflects company growth and shareholder value.
• Consistent dividend payment enhances investor confidence.

Negative

• None.

GLENS FALLS, N.Y., July 28, 2022 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS^® - AROW) on July 27, 2022, declared a quarterly cash dividend of $0.27 per share payable September 15, 2022, to shareholders of record on September 1, 2022.

This represents an increase of 7% over the cash dividend paid to shareholders in the second quarter of 2021 as a result of the $.01 per share increase and a 3% stock dividend distributed on September 24, 2021.

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-september-2022-cash-dividend-301595384.html

SOURCE Arrow Financial Corporation

FAQ

What is the dividend amount declared by Arrow Financial Corporation?

The declared dividend amount is $0.27 per share.

When will Arrow Financial Corporation's dividend be paid?

The dividend will be paid on September 15, 2022.

What is the record date for Arrow Financial Corporation's dividend?

The record date for the dividend is September 1, 2022.

How much has Arrow Financial Corporation increased its dividend by?

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