The Board of Directors of Arrow Financial Corporation (NasdaqGS® – AROW) on October 2, declared a quarterly cash dividend of $0.28 per share payable October 29, 2024 to shareholders of record on October 15, 2024. This represents a 3.7% increase to our quarterly dividend and is in lieu of the 3% stock dividend the Company has declared in recent years. This cash dividend marks the 46th consecutive quarterly cash dividend declared by Arrow.
“We are pleased to deliver enhanced value to our shareholders with the increased cash dividend,” said Arrow President and CEO David S. DeMarco. “So far this year, we have returned more than $6.4 million of capital to shareholders through share repurchases, in addition to the regular quarterly 2024 cash dividends of $13.6 million paid to date. Our continued success allows us to offer increased returns to our shareholders.”
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Saratoga Hospital has replaced its CT scanner in the Emergency Department with a state-of-the-art Siemens X. Cite model, thanks to the generosity of key community donors. The Saratoga Hospital Volunteer Guild and The Robert and Lisa Moser Family Foundation contributed the lead gifts to the project, as well as generous support from Bill and Susan Dake, Mike and Linda Toohey, and Millennium Medical Imaging.