---
schema_version: "secwatch.filing_event.v1"
accession: "0000717538-23-000218"
form_type: "8-K"
ticker: "AROW"
cik: "0000717538"
company_name: "ARROW FINANCIAL CORP"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:08:33.007871+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Arrow Financial declares $0.27 dividend, expands buyback by $5M, resumes DRIP

## Summary
- Quarterly cash dividend of $0.27 per share, payable Dec 15, 2023 to holders of record Dec 1, 2023.
- Dividend Reinvestment Plan (DRIP) resumes; previously enrolled shareholders automatically re-enrolled.
- Stock repurchase program expanded by $5M, total authorization now $9.1M; expiration date removed.
- Company expects to resume share repurchases in coming months.

## SEC filing metadata
- accession: 0000717538-23-000218
- form_type: 8-K
- ticker: AROW
- cik: 0000717538
- company_name: ARROW FINANCIAL CORP
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717538/000071753823000218/0000717538-23-000218-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717538/000071753823000218/arow-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000717538-23-000218
- JSON: https://secwatch.observer/filing/0000717538-23-000218.json
- Plain text: https://secwatch.observer/filing/0000717538-23-000218.txt

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