Arrow Financial Corporation (AROW) Dividend History
AROW latest dividend
The next dividend has not been announced yet.
- 26 yearsof dividend increases
- 1985paying since
- Quarterly4 payments a year
- +4.1%5-year growth a year
- 3.26%forward yield
AROW dividend income calculator
- Dividend income a year
- $120
- Each payment
- $30
- Value of the shares
- $3,685
- Dividend yield
- 3.26%
At the latest close; forward annual dividend $1.20 per share, before tax.
AROW dividends per share by year
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
AROW dividend safety
Descriptive bands, not a rating.
AROW yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $26.14 | 4.59% | $1.19 | 4.6% |
| 3 years ago | $18.34 | 6.54% | $3.40 | 18.5% |
| 5 years ago | $33.55 | 3.58% | $5.46 | 16.3% |
| 10 years ago | $25.86 | 4.64% | $9.89 | 38.2% |
| 20 years ago | $16.90 | 7.10% | $17.02 | 100.7% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
AROW dividend payments
Each bar is one payment, by ex-dividend month (last 40 payments).
AROW dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $1.14 | +4.6% | 3.63% | 4 |
| 2024 | $1.09 | +3.2% | 3.80% | 4 |
| 2023 | $1.06 | +3.0% | 3.78% | 4 |
| 2022 | $1.03 | +7.0% | 3.12% | 4 |
| 2021 | $0.96 | +3.0% | 2.89% | 4 |
| 2020 | $0.93 | +3.0% | 3.40% | 4 |
| 2019 | $0.90 | +5.0% | 2.69% | 4 |
| 2018 | $0.86 | +5.1% | 3.12% | 4 |
| 2017 | $0.82 | +3.0% | 2.88% | 4 |
| 2016 | $0.80 | +2.3% | 2.42% | 4 |
| 2015 | $0.78 | +2.0% | 3.63% | 4 |
| 2014 | $0.76 | +2.0% | 3.58% | 4 |
| 2013 | $0.75 | +2.0% | 3.71% | 4 |
| 2012 | $0.73 | +2.7% | 3.95% | 4 |
| 2011 | $0.71 | +3.0% | 4.17% | 4 |
| 2010 | $0.69 | +3.0% | 3.56% | 4 |
| 2009 | $0.67 | +2.8% | 3.91% | 4 |
| 2008 | $0.65 | +4.4% | 3.90% | 4 |
| 2007 | $0.63 | +3.0% | 4.37% | 4 |
| 2006 | $0.61 | — | 3.79% | 4 |
AROW dividend history
164 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-08-11 | 2026-08-25 | $0.3 | — | Quarterly |
| 2026-05-12 | 2026-05-26 | $0.3 | — | Quarterly |
| 2026-02-11 | 2026-02-25 | $0.3 | +3.4% | Quarterly |
| 2025-11-12 | 2025-11-24 | $0.29 | — | Quarterly |
| 2025-08-11 | 2025-08-25 | $0.29 | +3.6% | Quarterly |
| 2025-05-13 | 2025-05-23 | $0.28 | — | Quarterly |
| 2025-02-10 | 2025-02-24 | $0.28 | — | Quarterly |
| 2024-10-15 | 2024-10-29 | $0.28 | +3.7% | Quarterly |
| 2024-08-12 | 2024-08-23 | $0.27 | — | Quarterly |
| 2024-05-10 | 2024-05-24 | $0.27 | — | Quarterly |
| 2024-02-09 | 2024-02-23 | $0.27 | — | Quarterly |
| 2023-11-30 | 2023-12-15 | $0.27 | +3.0% | Quarterly |
| 2023-08-31 | 2023-09-15 | $0.2621 | — | Quarterly |
| 2023-06-01 | 2023-06-15 | $0.2621 | — | Quarterly |
| 2023-03-02 | 2023-03-15 | $0.2621 | — | Quarterly |
| 2022-11-30 | 2022-12-15 | $0.2621 | +3.0% | Quarterly |
Show all 164 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-08-31 | 2022-09-15 | $0.2545 | — | Quarterly |
| 2022-05-31 | 2022-06-15 | $0.2545 | — | Quarterly |
| 2022-02-28 | 2022-03-15 | $0.2545 | +3.8% | Quarterly |
| 2021-12-01 | 2021-12-15 | $0.2451 | +3.0% | Quarterly |
| 2021-09-02 | 2021-09-15 | $0.2379 | — | Quarterly |
| 2021-06-01 | 2021-06-15 | $0.2379 | — | Quarterly |
| 2021-03-01 | 2021-03-15 | $0.2379 | — | Quarterly |
| 2020-12-01 | 2020-12-15 | $0.2379 | +3.0% | Quarterly |
| 2020-09-01 | 2020-09-15 | $0.231 | — | Quarterly |
| 2020-06-02 | 2020-06-15 | $0.231 | — | Quarterly |
| 2020-03-02 | 2020-03-13 | $0.231 | — | Quarterly |
| 2019-12-02 | 2019-12-13 | $0.231 | +3.0% | Quarterly |
| 2019-09-03 | 2019-09-13 | $0.2243 | — | Quarterly |
| 2019-06-03 | 2019-06-14 | $0.2243 | — | Quarterly |
| 2019-02-28 | 2019-03-15 | $0.2243 | — | Quarterly |
| 2018-11-29 | 2018-12-14 | $0.2243 | +3.0% | Quarterly |
| 2018-08-30 | 2018-09-14 | $0.2177 | +4.0% | Quarterly |
| 2018-05-31 | 2018-06-15 | $0.2094 | — | Quarterly |
| 2018-02-28 | 2018-03-15 | $0.2094 | — | Quarterly |
| 2017-11-30 | 2017-12-15 | $0.2094 | +3.0% | Quarterly |
| 2017-08-30 | 2017-09-15 | $0.2033 | — | Quarterly |
| 2017-05-31 | 2017-06-15 | $0.2033 | — | Quarterly |
| 2017-02-27 | 2017-03-15 | $0.2033 | — | Quarterly |
| 2016-11-30 | 2016-12-15 | $0.2033 | +3.0% | Quarterly |
| 2016-08-31 | 2016-09-15 | $0.1973 | — | Quarterly |
| 2016-06-01 | 2016-06-15 | $0.1973 | — | Quarterly |
| 2016-03-01 | 2016-03-15 | $0.1973 | — | Quarterly |
| 2015-12-01 | 2015-12-15 | $0.1973 | +2.0% | Quarterly |
| 2015-09-01 | 2015-09-15 | $0.1935 | — | Quarterly |
| 2015-06-01 | 2015-06-15 | $0.1935 | — | Quarterly |
| 2015-02-27 | 2015-03-13 | $0.1935 | — | Quarterly |
| 2014-12-01 | 2014-12-15 | $0.1935 | +2.0% | Quarterly |
| 2014-08-28 | 2014-09-15 | $0.1897 | — | Quarterly |
| 2014-05-29 | 2014-06-13 | $0.1897 | — | Quarterly |
| 2014-02-27 | 2014-03-14 | $0.1897 | — | Quarterly |
| 2013-12-02 | 2013-12-13 | $0.1897 | +2.0% | Quarterly |
| 2013-08-29 | 2013-09-13 | $0.186 | — | Quarterly |
| 2013-05-30 | 2013-06-14 | $0.186 | — | Quarterly |
| 2013-02-27 | 2013-03-15 | $0.186 | — | Quarterly |
| 2012-11-29 | 2012-12-14 | $0.186 | +2.0% | Quarterly |
| 2012-08-30 | 2012-09-14 | $0.1823 | — | Quarterly |
| 2012-05-30 | 2012-06-15 | $0.1823 | — | Quarterly |
| 2012-02-29 | 2012-03-15 | $0.1823 | — | Quarterly |
| 2011-11-30 | 2011-12-15 | $0.1823 | +3.0% | Quarterly |
| 2011-08-31 | 2011-09-15 | $0.177 | — | Quarterly |
| 2011-06-01 | 2011-06-15 | $0.177 | — | Quarterly |
| 2011-03-01 | 2011-03-15 | $0.177 | — | Quarterly |
| 2010-12-01 | 2010-12-15 | $0.177 | +3.0% | Quarterly |
| 2010-08-31 | 2010-09-15 | $0.1719 | — | Quarterly |
| 2010-06-01 | 2010-06-15 | $0.1719 | — | Quarterly |
| 2010-03-01 | 2010-03-15 | $0.1719 | — | Quarterly |
| 2009-12-01 | 2009-12-15 | $0.1719 | +3.0% | Quarterly |
| 2009-09-01 | 2009-09-15 | $0.1668 | — | Quarterly |
| 2009-06-01 | 2009-06-15 | $0.1668 | — | Quarterly |
| 2009-02-27 | 2009-03-13 | $0.1668 | — | Quarterly |
| 2008-12-01 | 2008-12-15 | $0.1668 | — | Quarterly |
| 2008-09-02 | 2008-09-15 | $0.1668 | +4.2% | Quarterly |
| 2008-05-29 | 2008-06-13 | $0.1602 | — | Quarterly |
| 2008-02-28 | 2008-03-14 | $0.1602 | — | Quarterly |
| 2007-11-30 | 2007-12-14 | $0.1602 | +3.0% | Quarterly |
| 2007-08-30 | 2007-09-14 | $0.1555 | — | Quarterly |
| 2007-06-01 | 2007-06-15 | $0.1555 | — | Quarterly |
| 2007-02-27 | 2007-03-15 | $0.1555 | — | Quarterly |
| 2006-12-01 | 2006-12-15 | $0.1555 | +3.0% | Quarterly |
| 2006-08-31 | 2006-09-15 | $0.151 | — | Quarterly |
| 2006-06-01 | 2006-06-15 | $0.151 | — | Quarterly |
| 2006-02-28 | 2006-03-15 | $0.151 | — | Quarterly |
| 2005-12-05 | 2005-12-15 | $0.151 | +3.0% | Quarterly |
| 2005-09-02 | 2005-09-15 | $0.1466 | +4.3% | Quarterly |
| 2005-06-03 | 2005-06-15 | $0.1405 | — | Quarterly |
| 2005-02-24 | 2005-03-15 | $0.1405 | — | Quarterly |
| 2004-11-26 | 2004-12-15 | $0.1405 | +3.0% | Quarterly |
| 2004-08-27 | 2004-09-15 | $0.1364 | — | Quarterly |
| 2004-05-26 | 2004-06-15 | $0.1364 | +4.5% | Quarterly |
| 2004-02-25 | 2004-03-15 | $0.1305 | — | Quarterly |
| 2003-11-25 | 2003-12-15 | $0.1305 | +5.8% | Quarterly |
| 2003-08-27 | 2003-09-15 | $0.1233 | — | Quarterly |
| 2003-05-28 | 2003-06-13 | $0.1233 | +4.0% | Quarterly |
| 2003-02-26 | 2003-03-14 | $0.1186 | — | Quarterly |
| 2002-11-26 | 2002-12-13 | $0.1186 | +5.0% | Quarterly |
| 2002-08-28 | 2002-09-13 | $0.1129 | — | Quarterly |
| 2002-05-29 | 2002-06-14 | $0.1129 | +8.7% | Quarterly |
| 2002-02-27 | 2002-03-15 | $0.1039 | — | Quarterly |
| 2001-11-28 | 2001-12-14 | $0.1039 | +5.0% | Quarterly |
| 2001-08-29 | 2001-09-14 | $0.099 | — | Quarterly |
| 2001-05-30 | 2001-06-15 | $0.099 | +9.5% | Quarterly |
| 2001-02-27 | 2001-03-15 | $0.0904 | — | Quarterly |
| 2000-11-29 | 2000-12-15 | $0.0904 | +5.0% | Quarterly |
| 2000-08-30 | 2000-09-15 | $0.0861 | — | Quarterly |
| 2000-05-30 | 2000-06-15 | $0.0861 | +5.3% | Quarterly |
| 2000-02-28 | 2000-03-15 | $0.0818 | — | Quarterly |
| 1999-11-26 | 1999-12-15 | $0.0818 | +3.3% | Quarterly |
| 1999-08-30 | 1999-09-15 | $0.0792 | +4.5% | Quarterly |
| 1999-05-27 | 1999-06-15 | $0.0757 | — | Quarterly |
| 1999-02-25 | 1999-03-15 | $0.0757 | — | Quarterly |
| 1998-11-25 | 1998-12-15 | $0.0757 | +4.8% | Quarterly |
| 1998-08-27 | 1998-09-15 | $0.0723 | −10.3% | Quarterly |
| 1998-07-30 | — | $0.0806 | +22.6% | |
| 1998-05-28 | 1998-06-15 | $0.0657 | — | Quarterly |
| 1998-02-25 | 1998-03-16 | $0.0657 | — | Quarterly |
| 1997-11-26 | 1997-12-15 | $0.0657 | +10.2% | Quarterly |
| 1997-08-28 | 1997-09-15 | $0.0596 | — | Quarterly |
| 1997-05-29 | 1997-06-16 | $0.0596 | — | Quarterly |
| 1997-02-26 | 1997-03-14 | $0.0596 | — | Quarterly |
| 1996-11-27 | 1996-12-16 | $0.0596 | +68.9% | Quarterly |
| 1996-10-09 | 1996-11-01 | $0.0353 | −23.4% | Quarterly |
| 1996-08-29 | 1996-08-19 | $0.0461 | — | Quarterly |
| 1996-05-29 | 1996-06-14 | $0.0461 | — | Quarterly |
| 1996-02-28 | 1996-03-15 | $0.0461 | +6.3% | Quarterly |
| 1995-11-29 | 1995-12-15 | $0.0433 | +10.9% | Quarterly |
| 1995-08-30 | 1995-09-15 | $0.0391 | +7.2% | Quarterly |
| 1995-05-25 | 1995-06-15 | $0.0365 | +7.7% | Quarterly |
| 1995-02-23 | 1995-03-15 | $0.0339 | +8.3% | Quarterly |
| 1994-11-25 | 1994-12-15 | $0.0313 | +127.8% | Quarterly |
| 1994-10-05 | — | $0.0137 | −50.2% | |
| 1994-08-26 | 1994-09-15 | $0.0276 | +37.5% | Quarterly |
| 1994-05-25 | 1994-06-15 | $0.02 | +14.3% | Quarterly |
| 1994-02-23 | 1994-03-15 | $0.0175 | +16.6% | Quarterly |
| 1993-11-24 | 1993-12-15 | $0.015 | +20.0% | Quarterly |
| 1993-09-07 | 1993-09-27 | $0.0125 | −56.8% | |
| 1992-11-09 | — | $0.029 | −2.1% | |
| 1991-08-09 | — | $0.0296 | +30.3% | |
| 1991-05-01 | 1991-05-15 | $0.0227 | −44.4% | Quarterly |
| 1991-02-01 | 1991-02-15 | $0.0409 | — | Quarterly |
| 1990-11-01 | 1990-11-15 | $0.0409 | — | Quarterly |
| 1990-07-26 | 1990-08-10 | $0.0409 | +25.3% | Quarterly |
| 1990-04-17 | 1990-05-01 | $0.0326 | — | Quarterly |
| 1990-01-18 | 1990-02-01 | $0.0326 | +6.3% | Quarterly |
| 1989-10-18 | 1989-11-01 | $0.0307 | — | Quarterly |
| 1989-07-18 | 1989-08-01 | $0.0307 | — | Quarterly |
| 1989-04-18 | 1989-05-01 | $0.0307 | — | Quarterly |
| 1989-01-18 | 1989-02-01 | $0.0307 | — | Quarterly |
| 1988-10-18 | 1988-11-01 | $0.0307 | −28.1% | Quarterly |
| 1988-07-18 | 1988-08-01 | $0.0427 | — | |
| 1988-04-18 | 1988-05-01 | $0.0427 | — | |
| 1988-01-14 | 1988-02-01 | $0.0427 | — | |
| 1987-10-19 | 1987-11-01 | $0.0427 | +3.7% | |
| 1987-07-17 | 1987-08-01 | $0.0412 | — | |
| 1987-04-16 | 1987-05-01 | $0.0412 | — | |
| 1987-01-16 | 1987-02-01 | $0.0412 | −80.1% | |
| 1986-10-17 | — | $0.207 | — | |
| 1986-07-18 | — | $0.207 | −50.0% | |
| 1986-04-17 | — | $0.414 | — | |
| 1986-01-16 | — | $0.414 | +11.6% | |
| 1985-10-17 | — | $0.371 | +1.4% | |
| 1985-07-17 | — | $0.3658 | +5.0% | |
| 1985-04-17 | — | $0.3484 | +4.0% | |
| 1985-01-17 | — | $0.3351 | — |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
AROW stock split history
- 103:100September 18, 2018
- 103:100September 19, 2017
- 103:100September 19, 2016
- 51:50September 17, 2015
- 51:50September 17, 2014
- 51:50September 17, 2013
- 51:50September 17, 2012
- 103:100September 19, 2011
- 103:100September 17, 2010
- 103:100September 16, 2009
- 103:100September 19, 2007
- 103:100September 20, 2006
- 103:100September 20, 2005
- 103:100September 20, 2004
- 5:4September 30, 2003
- 21:20October 31, 2002
- 21:20October 31, 2001
- 5:4November 1, 1999
- 11:10July 30, 1998
- 21:20November 12, 1997
- 11:10October 9, 1996
- 26:25October 10, 1995
- 26:25October 5, 1994
- 26:25October 5, 1993
- 26:25November 9, 1992
- 51:50August 9, 1991
AROW dividend overview
Arrow Financial pays an annual dividend of $1.20 per share, a yield of 3.26% at the latest close, paid quarterly. It paid $1.14 per share in 2025, up 4.6% from 2024. It has raised its dividend for 26 consecutive years. Over five years the dividend grew 4.1% a year on average and over ten years 3.9% a year. The payout ratio is 37.3% of trailing earnings.
Related: AROW cash flow statement, AROW key metrics, AROW chart. See the AROW stock overview for the latest quote and news.
AROW dividends FAQ
Does Arrow Financial pay a dividend?
Yes. Arrow Financial has paid a regular dividend since 1985, quarterly, most recently $0.30 per share with an ex-dividend date of August 11, 2026.
What is Arrow Financial's dividend yield?
Arrow Financial's forward annual dividend is $1.20 per share, a dividend yield of 3.26% at the latest close of $36.85.
How often does Arrow Financial pay dividends?
Arrow Financial pays dividends quarterly.
How fast is Arrow Financial's dividend growing?
Arrow Financial's dividend per share grew from $0.93 in 2020 to $1.14 in 2025, 4.1% a year on average over five years; it has increased for 26 years in a row.
What is Arrow Financial's dividend payout ratio?
Arrow Financial pays out 37.3% of its trailing earnings as dividends and 52.2% of its free cash flow (fiscal 2025).
Has Arrow Financial split its stock?
Arrow Financial has split its stock 26 times: 103:100 on September 18, 2018, 103:100 on September 19, 2017, 103:100 on September 19, 2016, 51:50 on September 17, 2015, 51:50 on September 17, 2014, 51:50 on September 17, 2013, 51:50 on September 17, 2012, 103:100 on September 19, 2011, 103:100 on September 17, 2010, 103:100 on September 16, 2009, 103:100 on September 19, 2007, 103:100 on September 20, 2006, 103:100 on September 20, 2005, 103:100 on September 20, 2004, 5:4 on September 30, 2003, 21:20 on October 31, 2002, 21:20 on October 31, 2001, 5:4 on November 1, 1999, 11:10 on July 30, 1998, 21:20 on November 12, 1997, 11:10 on October 9, 1996, 26:25 on October 10, 1995, 26:25 on October 5, 1994, 26:25 on October 5, 1993, 26:25 on November 9, 1992, 51:50 on August 9, 1991. Dividends per share on this page are adjusted for splits.