Arrow Financial Corporation increases quarterly cash dividend

Arrow Financial Corporation (NASDAQ:AROW) today announced that its board of directors has declared a quarterly cash dividend of $0.28 per share payable on October 29, 2024, to shareholders of record as of October 15, 2024.

This represents a 3.7% increase from the previous quarterly dividend and marks the 46th consecutive quarterly cash dividend declared by the company.

“We are pleased to deliver enhanced value to our shareholders with the increased cash dividend,” said David S. DeMarco, President and CEO of Arrow Financial Corporation.

“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.”

Following the announcement, Arrow Financial's share price held steady at $27.76, a little unchanged during the early trading session.