 The Board of Directors of Arrow Financial Corporation NasdaqGS - AROW on April 29, 2020, declared a quarterly cash dividend of 0.26 per share payable June 15, 2020, to shareholders of record June 3, 2020. This represents an increase of 3 over the cash dividend paid in the second quarter of 2019, as a result of the 3 stock dividend distributed September 27, 2019. 