GLENS
FALLS, N.Y., May 3, 2023
/PRNewswire/ -- The Board of Directors of Arrow Financial
Corporation (NasdaqGS® - AROW) on May 3, 2023,
declared a quarterly cash dividend of $0.27 per share payable June 15, 2023, to
shareholders of record on June 2, 2023.
This represents a 3.0% increase over the cash dividend paid in
the second quarter of 2022, as a result of the 3% stock dividend
distributed on September 23, 2022.
The dividend will be paid in all cash including to participants
in the Company's Automatic Dividend Reinvestment Plan for which no
dividends will be reinvested.
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.
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SOURCE Arrow Financial Corporation