AROW Dividend History & Analysis | 4.8% Yield

AROW has a dividend yield of 4.8% and paid 1.18 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 4.75%
Payout Ratio 37.1%
Growth Rate CAGR 5y 4.42%
Consistency Lifetime 93.6%
Yield on Cost 5y 4.28%
Payout FCF 46.3%
Streak Years 26
Dividend Rating 68.78%
Dividends Cash Amount per Share Yearly This chart shows the yearly cash amount paid as dividends per share.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis) and average yield as orange dashed line.
■ Payout Yield (right) ■ Price (left) ┅┅ Avg Payout Yield

Top Dividend Payers in Regional Banks

Top 5 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
BPE 30,955 M 8.90% 80.13%
UCG 124,148 M 4.85% 40.06%
MB 19,228 M 9.44% 26.65%
BNP 117,967 M 9.55% 24.70%
ACA 60,329 M 6.74% 24.59%
Top 5 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
UCG 124,148 M 121.81% 77.9%
BPE 30,955 M 104.53% 80.7%
CBK 46,450 M 80.28% 45.6%
DBK 60,873 M 50.37% 78.7%
FCNCA 22,246 M 43.40% 97.6%
Quality Dividend Peers in Regional Banks BPE BPER Banca SpA
8.90% Yield AMAL Amalgamated Bank
2.32% Yield FSBC Five Star Bancorp
3.18% Yield BPOP Popular
2.50% Yield TMP Tompkins Financial
4.55% Yield FISI Financial Institutions
4.43% Yield
AROW Dividend History: Last 50 Payments (USD) as of May 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-05-12 2026-05-12 2026-05-26 Quarterly 0.3 0% 0.83%
2026-02-11 2026-02-11 2026-02-25 Quarterly 0.3 +3.4% 0.85%
2025-11-12 2025-11-12 2025-11-24 Quarterly 0.29 0% 0.95%
2025-08-11 2025-08-11 2025-08-25 Quarterly 0.29 +3.6% 1.06%
2025-05-13 2025-05-13 2025-05-23 Quarterly 0.28 0% 1.06%
2025-02-10 2025-02-10 2025-02-24 Quarterly 0.28 0% 1.04%
2024-10-15 2024-10-15 2024-10-29 Quarterly 0.28 +3.7% 0.96%
2024-08-12 2024-08-12 2024-08-23 Quarterly 0.27 0% 0.98%
2024-05-10 2024-05-13 2024-05-24 Quarterly 0.27 0% 1.13%
2024-02-09 2024-02-12 2024-02-23 Quarterly 0.27 0% 1.12%
2023-11-30 2023-12-01 2023-12-15 Quarterly 0.27 +3% 1.09%
2023-08-31 2023-09-01 2023-09-15 Quarterly 0.2621 0% 1.5%
2023-06-01 2023-06-02 2023-06-15 Quarterly 0.2621 0% 1.48%
2023-03-02 2023-03-03 2023-03-15 Quarterly 0.2621 0% 0.91%
2022-11-30 2022-12-01 2022-12-15 Quarterly 0.2621 +3% 0.77%
2022-08-31 2022-09-01 2022-09-15 Quarterly 0.2545 0% 0.84%
2022-05-31 2022-06-01 2022-06-15 Quarterly 0.2545 0% 0.82%
2022-02-28 2022-03-01 2022-03-15 Quarterly 0.2545 +3.8% 0.77%
2021-12-01 2021-12-02 2021-12-15 Quarterly 0.2451 +3% 0.74%
2021-09-02 2021-09-03 2021-09-15 Quarterly 0.2379 0% 0.7%
2021-06-01 2021-06-02 2021-06-15 Quarterly 0.2379 0% 0.7%
2021-03-01 2021-03-02 2021-03-15 Quarterly 0.2379 0% N/A
2020-12-01 2020-12-02 2020-12-15 Quarterly 0.2379 +3% N/A
2020-09-01 2020-09-02 2020-09-15 Quarterly 0.231 0% N/A
2020-06-02 2020-06-03 2020-06-15 Quarterly 0.231 0% N/A
2020-03-02 2020-03-03 2020-03-13 Quarterly 0.231 0% N/A
2019-12-02 2019-12-03 2019-12-13 Quarterly 0.231 +3% N/A
2019-09-03 2019-09-04 2019-09-13 Quarterly 0.2243 0% N/A
2019-06-03 2019-06-04 2019-06-14 Quarterly 0.2243 0% N/A
2019-02-28 2019-03-01 2019-03-15 Quarterly 0.2243 0% N/A
2018-11-29 2018-11-30 2018-12-14 Quarterly 0.2243 0% N/A
2018-08-30 2018-08-31 2018-09-14 Quarterly 0.2243 +4% N/A
2018-05-31 2018-06-01 2018-06-15 Quarterly 0.2157 0% N/A
2018-02-28 2018-03-01 2018-03-15 Quarterly 0.2157 0% N/A
2017-11-30 2017-12-01 2017-12-15 Quarterly 0.2157 0% N/A
2017-08-30 2017-09-01 2017-09-15 Quarterly 0.2157 0% N/A
2017-05-31 2017-06-02 2017-06-15 Quarterly 0.2157 0% N/A
2017-02-27 2017-03-01 2017-03-15 Quarterly 0.2157 0% N/A
2016-11-30 2016-12-02 2016-12-15 Quarterly 0.2157 0% N/A
2016-08-31 2016-09-02 2016-09-15 Quarterly 0.2157 0% N/A
2016-06-01 2016-06-03 2016-06-15 Quarterly 0.2157 0% N/A
2016-03-01 2016-03-03 2016-03-15 Quarterly 0.2157 0% N/A
2015-12-01 2015-12-03 2015-12-15 Quarterly 0.2157 0% N/A
2015-09-01 2015-09-03 2015-09-15 Quarterly 0.2157 0% N/A
2015-06-01 2015-06-03 2015-06-15 Quarterly 0.2157 0% N/A
2015-02-27 2015-03-03 2015-03-13 Quarterly 0.2157 0% N/A
2014-12-01 2014-12-03 2014-12-15 Quarterly 0.2157 0% N/A
2014-08-28 2014-09-02 2014-09-15 Quarterly 0.2157 0% N/A
2014-05-29 2014-06-02 2014-06-13 Quarterly 0.2157 0% N/A
2014-02-27 2014-03-03 2014-03-14 Quarterly 0.2157 0% N/A

AROW Dividend FAQ

Arrow Financial Corporation (AROW) is a New York-based bank holding company established in 1851. It operates primarily through its regional banking subsidiaries, offering a broad suite of financial services including commercial and consumer lending, deposit products, and wealth management. The company’s credit portfolio is diversified across commercial real estate, residential mortgages, and indirect automobile lending.

What is the Dividend Yield of AROW?

As of May 2026, AROW's dividend yield is 4.75%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.18 USD by the current share price of 35.19.

Does AROW pay a dividend?

As of May 2026, AROW paid a dividend of 1.18 USD in the last 12 months. The last dividend was paid on 2026-05-12 and the payout was 0.3 USD.

How often does AROW pay dividends?

AROW pays dividends quarterly. Over the last 12 months, AROW has issued 4 dividend payments. The last dividend payment was made on 2026-05-12.

AROW dividend forecast

Based on historical data, the forecasted dividends per share for AROW for the next payments are between 0.301 (+0.3%) and 0.316 (+5.3%). This suggests the dividend will remain relatively stable. The expected Yield for the next 12 months is about 3.52%.

Will AROW pay dividends in 2026?

The latest dividend paid per share was 0.3 USD with an Ex-Dividend Date of 2026-05-12. The next Ex-Dividend date for Arrow Financial (AROW) is currently unknown.

What is the next Ex-Dividend Date for AROW?

The next Ex-Dividend date for Arrow Financial (AROW) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of AROW?

AROW's average dividend growth rate over the past 5 years is 4.42% per year. Strong growth: AROW's dividend growth is outpacing inflation.

What is the Yield on Cost of AROW?

AROW's 5-Year Yield on Cost is 4.28%. If you bought AROW's shares at 27.59 USD five years ago, your current annual dividend income (1.18 USD per share, trailing 12 months) equals 4.28% of your original purchase price.

What is the Payout Consistency of AROW?

AROW Payout Consistency is 93.6%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Very consistent: Arrow Financial has a strong track record of consistent dividend payments over its lifetime.

Does AROW have a good Dividend Yield?

AROW's 4.75% Dividend Yield is considered as good. Make sure the dividend is sustainable: Check the Payouts-Ratio over time.

What is the Dividend Payout Ratio of AROW?

The Dividend Payout Ratio of AROW is 37.1%. Healthy - Leaves room for growth and provides some protection to maintain dividends even in a recession.

What is the Dividend Rating of AROW?

AROW's Overall Dividend Rating is 68.78%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

AROW Outstanding Shares Analysis
The Chart shows the outstanding shares over time per year.

What is the Trend in AROW's Outstanding Shares?

Arrow Financial's outstanding shares have decreased by approximately 1.01% annually over the past 3 years (Trend Reliability: -100.0%). Slightly positive: The company is modestly reducing its share count through buybacks. This provides a small tailwind to earnings per share and dividend sustainability.

Has AROW ever had a Stock Split?

Yes, the last stock split was on Sep 16, 2022 with a ratio of 103:100. This was a forward split: Each share became 1.03 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
1985 9,096,000 0%
1986 9,780,000 +7.52%
1987 9,888,000 +1.1%
1988 9,421,000 -4.72%
1989 9,978,000 +5.91%
1990 18,729,000 +87.7%
1991 18,751,000 +0.12%
1992 19,379,000 +3.35%
1993 19,751,000 +1.92%
1994 20,523,000 +3.91%
1995 20,333,000 -0.93%
1996 18,761,000 -7.73%
1997 17,878,000 -4.71%
1998 17,726,000 -0.85%
1999 16,999,000 -4.1%
2000 19,757,000 +16.22%
2001 16,613,000 -15.91%
2002 14,021,000 -15.6%
2003 16,448,000 +17.31%
2004 21,160,000 +28.65%
2005 16,695,000 -21.1%
2006 17,953,000 +7.54%
2007 15,538,000 -13.45%
2008 15,397,000 -0.91%
2009 15,473,000 +0.49%
2010 15,488,000 +0.1%
2011 15,683,000 +1.26%
2012 15,704,000 +0.13%
2013 15,850,000 +0.93%
2014 15,875,000 +0.16%
2015 15,963,000 +0.55%
2016 16,197,000 +1.47%
2017 16,237,000 +0.25%
2018 16,336,000 +0.61%
2019 16,419,000 +0.51%
2020 16,461,200 +0.26%
2021 16,558,000 +0.59%
2022 16,589,000 +0.19%
2023 17,004,000 +2.5%
2024 16,739,000 -1.56%
2025 16,413,000 -1.95%
2026 16,403,000 -0.06%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-05-09 02:37 UTC