Arrow Financial (AROW) increases quarterly cash dividend by 3.7%

By Tamara Parker • Thursday, October 03 10:37 • Permanent Link

Arrow Financial Corporation (NASDAQGS: AROW) has declared a quarterly cash dividend of $0.28 per share payable on October 29, 2024, to shareholders of record on October 15, 2024. This marks a 3.7% increase from the previous dividend. The company noted that this cash dividend is in lieu of the 3% stock dividend it had declared in recent years.

Arrow Financial Corporation's President and CEO, David S. DeMarco, highlighted the company's commitment to delivering enhanced value to its shareholders, with over $6.4 million of capital returned to shareholders through share repurchases so far this year. Additionally, the company has already paid out $13.6 million in regular quarterly 2024 cash dividends.

This marks the 46th consecutive quarterly cash dividend declared by Arrow Financial Corporation, underscoring its commitment to providing returns to shareholders.

Arrow Financial Corporation is a multi-bank holding company headquartered in Glens Falls, New York, and it serves 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. Its subsidiaries also include North Country Investment Advisers, Inc., and Upstate Agency, LLC, specializing in property and casualty insurance and group health and employee benefits. Following these announcements, the company's shares moved -0.2%, and are now trading at a price of $27.7. If you want to know more, read the company's complete 8-K report here.

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