Arrow Financial Corp. (AROW) to Issue Quarterly Dividend of $0.25
Arrow Financial Corp. (NASDAQ:AROW) declared a quarterly dividend on Thursday, October 27th. Stockholders of record on Friday, December 2nd will be paid a dividend of 0.25 per share by the financial services provider on Thursday, December 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Wednesday, November 30th. This is an increase from Arrow Financial Corp.’s previous quarterly dividend of $0.24.
Arrow Financial Corp. (NASDAQ:AROW) opened at 39.30 on Friday. The firm has a market capitalization of $529.25 million, a P/E ratio of 19.91 and a beta of 0.50. Arrow Financial Corp. has a 52 week low of $23.83 and a 52 week high of $39.50. The stock’s 50 day moving average price is $33.57 and its 200 day moving average price is $31.57.
Arrow Financial Corp. (NASDAQ:AROW) last released its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.49 by $0.01. Arrow Financial Corp. had a return on equity of 11.92% and a net margin of 25.60%. On average, equities analysts expect that Arrow Financial Corp. will post $1.98 EPS for the current year.
In other Arrow Financial Corp. news, Director Michael B. Clarke sold 6,279 shares of Arrow Financial Corp. stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $37.71, for a total transaction of $236,781.09. Following the transaction, the director now owns 700 shares of the company’s stock, valued at $26,397. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.94% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Arrow Financial Corp. (AROW) to Issue Quarterly Dividend of $0.25” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another website, it was stolen and republished in violation of US & international trademark and copyright law. The correct version of this story can be accessed at https://www.thecerbatgem.com/2016/11/25/arrow-financial-corp-arow-to-issue-quarterly-dividend-of-0-25.html.
Arrow Financial Corp. Company Profile
Arrow Financial Corporation (Arrow) is a bank holding company. The Company’s banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and Saratoga National Bank and Trust Company (Saratoga National). It operates in community banking industry segment. The Company’s business consists primarily of the ownership, supervision and control of its approximately two banks.
Receive News & Stock Ratings for Arrow Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Financial Corp. and related stocks with our FREE daily email newsletter.