Arrow Financial Corporation (AROW) to Issue Quarterly Dividend of $0.30 on May 26th

Arrow Financial Corporation (NASDAQ:AROWGet Free Report) declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Tuesday, May 12th will be paid a dividend of 0.30 per share by the financial services provider on Tuesday, May 26th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, May 12th.

Arrow Financial has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Arrow Financial has a dividend payout ratio of 41.1% meaning its dividend is sufficiently covered by earnings.

Arrow Financial Stock Up 0.2%

Shares of Arrow Financial stock opened at $37.15 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.92. Arrow Financial has a 52-week low of $24.57 and a 52-week high of $38.09. The stock has a market capitalization of $614.09 million, a price-to-earnings ratio of 12.02 and a beta of 0.78. The company’s 50 day moving average price is $34.60 and its 200-day moving average price is $32.70.

Arrow Financial (NASDAQ:AROWGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.06. The business had revenue of $53.39 million for the quarter, compared to analysts’ expectations of $43.80 million. Arrow Financial had a net margin of 20.72% and a return on equity of 12.54%.

About Arrow Financial

(Get Free Report)

Arrow Financial Corporation is a bank holding company headquartered in Glens Falls, New York, that conducts its primary operations through its subsidiary, Glens Falls National Bank & Trust Company. The company provides a comprehensive suite of retail and commercial banking services, including checking and savings accounts, consumer and commercial lending, mortgage financing, and cash management solutions. Through its branch network, Arrow Financial serves individuals, small- and medium-sized businesses, and nonprofit organizations across the Adirondack region, Upper Hudson Valley, Mohawk Valley and parts of Central New York.

In addition to traditional banking, Arrow Financial has developed a robust wealth management and trust services division.

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Dividend History for Arrow Financial (NASDAQ:AROW)

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