---
schema_version: "secwatch.filing_event.v1"
accession: "0000717538-23-000149"
form_type: "8-K"
ticker: "AROW"
cik: "0000717538"
company_name: "ARROW FINANCIAL CORP"
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T23:25:23.132609+00:00"
event_type: "dividend"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Arrow Financial declares $0.27 quarterly dividend, all cash; no DRIP reinvestment

## Summary
- Quarterly dividend of $0.27 per share declared, payable Sep 15, 2023 to holders of record Sep 1, 2023.
- Represents a 3% increase over Q3 2022 cash dividend due to 3% stock dividend distributed Sep 23, 2022.
- Dividend will be paid entirely in cash; no shares purchased under Automatic Dividend Reinvestment Plan.
- This marks the 41st consecutive quarterly cash dividend.

## SEC filing metadata
- accession: 0000717538-23-000149
- form_type: 8-K
- ticker: AROW
- cik: 0000717538
- company_name: ARROW FINANCIAL CORP
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: dividend
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717538/000071753823000149/0000717538-23-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717538/000071753823000149/arow-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000717538-23-000149
- JSON: https://secwatch.observer/filing/0000717538-23-000149.json
- Plain text: https://secwatch.observer/filing/0000717538-23-000149.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.