 The Board of Directors of Arrow Financial Corporation NasdaqGS - AROW on July 29, 2020, declared a quarterly cash dividend of 0.26 per share payable September 15, 2020, to shareholders of record September 2, 2020. This represents an increase of 3 over the cash dividend paid in the third quarter of 2019, as a result of the 3 stock dividend distributed September 27, 2019. 