---
schema_version: "secwatch.filing_event.v1"
accession: "0000717538-23-000173"
form_type: "8-K"
ticker: "AROW"
cik: "0000717538"
company_name: "ARROW FINANCIAL CORP"
filed_at: "2023-08-31T23:59:59+00:00"
generated_at: "2026-06-11T01:37:50.997864+00:00"
event_type: "dividend"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Arrow Financial declares 3% stock dividend payable Sept 26

## Summary
- 3% stock dividend declared on Aug 30, 2023; distribute Sept 26 to holders of record Sept 20.
- Shareholders receive three additional shares for every 100 shares owned.
- Cash equivalent paid for any fractional shares to certificate holders.
- Stock dividend preserves shareholder value; no change to proportional ownership.

## SEC filing metadata
- accession: 0000717538-23-000173
- form_type: 8-K
- ticker: AROW
- cik: 0000717538
- company_name: ARROW FINANCIAL CORP
- filed_at: 2023-08-31T23:59:59+00:00
- event_type: dividend
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717538/000071753823000173/0000717538-23-000173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717538/000071753823000173/arow-20230830.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000717538-23-000173
- JSON: https://secwatch.observer/filing/0000717538-23-000173.json
- Plain text: https://secwatch.observer/filing/0000717538-23-000173.txt

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