Arrow Declares September Cash Dividend

Rhea-AI Summary

Arrow Financial Corporation (NasdaqGS - AROW) declared a quarterly cash dividend of $0.26 per share on July 29, 2020, payable on September 15, 2020, to shareholders of record on September 2, 2020. This marks a 3% increase from the dividend paid in Q3 2019, reflecting the company's ongoing commitment to shareholder returns. Arrow is a multi-bank holding company based in Glens Falls, NY, offering various financial services through its subsidiaries. For more details on financial performance and future expectations, refer to the company's filings with the SEC.

Positive

• Quarterly cash dividend increased by 3%, indicating financial stability and commitment to shareholders.
• Dividend of $0.26 per share reflects consistent income for shareholders.

Negative

• None.

GLENS FALLS, N.Y., July 30, 2020 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS^® - AROW) on July 29, 2020, declared a quarterly cash dividend of $0.26 per share payable September 15, 2020, to shareholders of record September 2, 2020. This represents an increase of 3% over the cash dividend paid in the third quarter of 2019, as a result of the 3% stock dividend distributed September 27, 2019.

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, 2019, and our other filings with the Securities and Exchange Commission.

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SOURCE Arrow Financial Corporation

FAQ

What is the dividend amount declared by Arrow Financial Corporation for September 2020?

Arrow Financial Corporation declared a cash dividend of $0.26 per share for September 2020.

When will the dividend payment be made to shareholders?

The dividend payment will be made on September 15, 2020.

What date do shareholders need to be on record to receive the dividend?

Shareholders must be on record by September 2, 2020, to receive the dividend.

How does the current dividend compare to previous dividends?

The current dividend represents a 3% increase over the cash dividend paid in the third quarter of 2019.

What is the significance of the 3% stock dividend distributed in September 2019?

The 3% stock dividend issued in September 2019 reflects the company's strategy to enhance shareholder value.