GLENS
FALLS, N.Y., Oct. 3, 2024
/PRNewswire/ -- The Board of Directors of Arrow Financial
Corporation (NasdaqGS® - AROW) on October 2, 2024, declared a quarterly cash
dividend of $0.28 per share payable
October 29, 2024 to shareholders of
record on October 15, 2024. This
represents a 3.7% increase to our quarterly dividend and is in lieu
of the 3% stock dividend the Company has declared in recent years.
This cash dividend marks the 46th consecutive quarterly cash
dividend declared by Arrow.
Arrow President and CEO David S.
DeMarco:
"We are pleased to deliver enhanced value to our shareholders
with the increased cash dividend. So far this year, we have
returned more than $6.4 million of
capital to shareholders through share repurchases, in addition to
the regular quarterly 2024 cash dividends of $13.6 million paid to date. Our continued success
allows us to offer increased returns to our shareholders."
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 obligated 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, 2023 and other filings
with the Securities and Exchange Commission.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/arrow-declares-october-2024-cash-dividend-302266536.html
SOURCE Arrow Financial Corporation