Arrow Financial's most recent quarterly dividend payment of $0.27 per share was made to shareholders on record before Mar 2, 2023. The payout stands at $1.06 per share annually, which works out to a dividend yield of 5.5%.
Arrow Financial's dividend yield of 5.5% is higher than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 3.81%, Arrow Financial's dividend yield is 44% higher. Historically AROW's dividend yield has averaged at 3.1% in the last 5 years, which is less than the current one.
Arrow Financial has been paying dividends for the last 28 years. According to our data AROW has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 6% for the last year. And since the stock price has gone down by 40% from a year ago, the dividend yield has grown by 77%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 2, 2023 | Mar 15, 2023 | Feb 2, 2023 | $0.27 | normal |
| Nov 30, 2022 | Dec 15, 2022 | Oct 27, 2022 | $0.27 | normal |
| Aug 31, 2022 | Sep 15, 2022 | Jul 27, 2022 | $0.262 | normal |
| May 31, 2022 | Jun 15, 2022 | $0.262 | normal | |
| Feb 28, 2022 | Mar 15, 2022 | Jan 26, 2022 | $0.262 | normal |
| Dec 1, 2021 | Dec 15, 2021 | $0.252 | normal | |
| Sep 2, 2021 | Sep 15, 2021 | Jul 29, 2021 | $0.245 | normal |
| Jun 1, 2021 | Jun 15, 2021 | Apr 28, 2021 | $0.245 | normal |
| Mar 1, 2021 | Mar 15, 2021 | Jan 27, 2021 | $0.245 | normal |
| Dec 1, 2020 | Dec 15, 2020 | Oct 28, 2020 | $0.245 | normal |
| Sep 1, 2020 | Sep 15, 2020 | Jul 29, 2020 | $0.238 | normal |
| Jun 2, 2020 | Jun 15, 2020 | Apr 29, 2020 | $0.238 | normal |
| Mar 2, 2020 | Mar 13, 2020 | Jan 29, 2020 | $0.238 | normal |
| Dec 2, 2019 | Dec 13, 2019 | Oct 30, 2019 | $0.238 | normal |
| Sep 3, 2019 | Sep 13, 2019 | Jul 31, 2019 | $0.231 | normal |
| Jun 3, 2019 | Jun 14, 2019 | Apr 24, 2019 | $0.231 | normal |
| Feb 28, 2019 | Mar 15, 2019 | Jan 30, 2019 | $0.231 | normal |
| Nov 29, 2018 | Dec 14, 2018 | Oct 31, 2018 | $0.231 | normal |
| Aug 30, 2018 | Sep 14, 2018 | Jul 25, 2018 | $0.224 | normal |
| May 31, 2018 | Jun 15, 2018 | Apr 25, 2018 | $0.216 | normal |
| Feb 28, 2018 | Mar 15, 2018 | Jan 31, 2018 | $0.216 | normal |
| Nov 30, 2017 | Dec 15, 2017 | Oct 25, 2017 | $0.216 | normal |
| Aug 30, 2017 | Sep 15, 2017 | Jul 26, 2017 | $0.209 | normal |
| May 31, 2017 | Jun 15, 2017 | Apr 26, 2017 | $0.209 | normal |
| Feb 27, 2017 | Mar 15, 2017 | Jan 25, 2017 | $0.209 | normal |
| Nov 30, 2016 | Dec 15, 2016 | Oct 26, 2016 | $0.209 | normal |
| Aug 31, 2016 | Sep 15, 2016 | Jul 27, 2016 | $0.203 | normal |
| Jun 1, 2016 | Jun 15, 2016 | Apr 27, 2016 | $0.203 | normal |
Arrow Financial's payout ratio of 37.3% is above the Financial Services sector and the industry average but below its peers average. In comparison with its Financial Services sector average of 32.1%, Arrow Financial's payout ratio is 16% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| FLIC First Of Long Island Corp | 7.59% | $0.83 | 45.6% |
| FISI Financial Institutions Inc | 7.03% | $1.17 | 34.4% |
| EVBN Evans Bancorp Inc | 5.56% | $1.3 | 30.4% |
| AROW Arrow Financial Corp | 5.5% | $1.06 | 37.3% |
| TMP Tompkins Financial Corp | 4.37% | $2.37 | 41.9% |
| FNB Fnb Corp | 4.23% | $0.48 | 32.4% |
| CBU Community Bank System Inc | 3.53% | $1.75 | 64.3% |
| NBTB Nbt Bancorp Inc | 3.38% | $1.18 | 34.6% |
Yes, Arrow Financial has been paying dividends for the last 28 years.
AROW's next dividend date is Jun 1, 2023 (ex-date).
Arrow Financial's last regular dividend was on Mar 2, 2023 (ex-date) with the amount of $0.27 per share.
AROW's annualized dividend per share is $1.06.
Arrow Financial's current dividend yield is 5.5%.
Arrow Financial pays dividends quarterly.
The dividend payout ratio of Arrow Financial is 37.3%.
Arrow Financial's dividend yield is more than the Financial Services sector average.