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