GLENS
FALLS, N.Y., July 28,
2023 /PRNewswire/ -- The Board of Directors of Arrow
Financial Corporation (NasdaqGS® - AROW) on
July 26, 2023, declared a quarterly cash dividend of
$0.27 per share payable
September 15, 2023 to shareholders of record on
September 1, 2023.
This represents a 3% increase over the cash dividend paid in the
third quarter of 2022, as a result of the 3% stock dividend
distributed on September 23, 2022. This marks the 41st
consecutive quarterly cash dividend.
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, 2022 and other filings
with the Securities and Exchange Commission.
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SOURCE Arrow Financial Corporation