Arrow Declares September Cash Dividend

Rhea-AI Summary

Arrow Financial Corporation (NasdaqGS - AROW) announced a quarterly cash dividend of $0.26 per share, representing a 3% increase over the previous year. This dividend will be payable on September 15, 2021, to shareholders of record as of September 3, 2021. The firm operates through several subsidiaries, including Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company, focusing on the financial needs of northeastern New York.

Positive

• Quarterly cash dividend increased by 3%, enhancing shareholder value.

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• None.

GLENS FALLS, N.Y., July 29, 2021 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS^® - AROW) on July 28, 2021, declared a quarterly cash dividend of $0.26 per share payable September 15, 2021, to shareholders of record on September 3, 2021. This represents an increase of 3% over the cash dividend paid in the third quarter of 2020, as a result of the 3% stock dividend distributed on September 25, 2020.

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 contained in this news release may contain statements that are not historical in nature but rather are based on management's beliefs, assumptions, expectations, estimates and projections about the future. These statements may be "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, involving a degree of uncertainty and attendant risk. In the case of all forward-looking statements, actual outcomes and results may differ materially from what the statements predict or forecast, explicitly or by implication. The Company undertakes no obligation to revise or update these forward-looking statements to reflect the occurrence of unanticipated events. This News Release should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2020 and our other filings with the Securities and Exchange Commission.

View original content:https://www.prnewswire.com/news-releases/arrow-declares-september-cash-dividend-301344311.html

SOURCE Arrow Financial Corporation

FAQ

What is the cash dividend amount for Arrow Financial Corporation (AROW) in September 2021?

Arrow Financial Corporation declared a cash dividend of $0.26 per share for September 2021.

When is the dividend payment date for Arrow Financial Corporation (AROW)?

The dividend payment date is set for September 15, 2021.

What was the percentage increase of the dividend compared to last year?

The dividend increased by 3% compared to the third quarter of 2020.

Who are the subsidiaries of Arrow Financial Corporation (AROW)?

Arrow Financial Corporation's subsidiaries include Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company.