Arrow Financial Corporation Declares Stock Dividend
On August 25, 2021, Arrow Financial Corporation (AROW) declared a 3% stock dividend for shareholders of record on September 17, 2021. This dividend will result in recipients receiving three additional shares for every 100 shares owned, with cash equivalents provided for fractional shares. The distribution date is set for September 24, 2021. As a multi-bank holding company based in Glens Falls, NY, Arrow Financial operates several subsidiaries, providing various financial services in northeastern New York.
- Declared a 3% stock dividend, enhancing shareholder value.
- Shareholders will receive additional shares, reflecting company confidence.
- None.
GLENS FALLS, N.Y., Aug. 26, 2021 /PRNewswire/ -- The Board of Directors of Arrow Financial Corporation (NasdaqGS® - AROW) on August 25, 2021, declared a
Shareholders of record on September 17, 2021, will receive three additional shares of Arrow Common Stock for every 100 shares owned. Certificate shareholders will receive the cash equivalent of any fractional shares to which they are entitled.
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.
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SOURCE Arrow Financial Corporation
FAQ
What is the stock dividend amount declared by Arrow Financial Corporation?
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What does the 3% stock dividend mean for shareholders?
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