SmarterDividends
AROW

Arrow Financial Corporation

AROW

Financial Services · Banks - Regional · Stock · quarterly payer

$36.18

Undervalued · +54% Add to Portfolio

Forward Yield

3.28%

Annual Dividend

$1.18

Payout Ratio

38%

5-Yr Growth

2.5%

Ex-Date

Aug 11, 2026

Frequency

Quarterly

Key facts about AROW's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 15, 2026, Arrow Financial Corporation (AROW) has a forward dividend yield of 3.28%, based on an annual dividend of $1.18 per share and a share price of $36.18.
  • As of Oct 15, 2026, AROW's dividend safety grade from SmarterDividends is A (95 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Arrow Financial Corporation (AROW) has raised its dividend for 4 consecutive years as of Oct 15, 2026.
  • AROW last cut its regular dividend in 1994.
  • AROW's most recent ex-dividend date was Aug 11, 2026, for a dividend of $0.30 per share.
  • As of Oct 15, 2026, AROW pays out 38% of its trailing 12-month earnings as dividends (its payout ratio).
  • AROW's dividend has grown at an average rate of 2.5% a year over the past five years.
  • As of Oct 15, 2026, AROW's 3.28% yield is 14% below its five-year average yield of 3.81%.
  • As of Oct 15, 2026, SmarterDividends' blended fair-value estimate for AROW is $55.59 per share, 54% above the $36.18 share price, so AROW screens as undervalued.
  • Arrow Financial Corporation (AROW) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "AROW Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 15, 2026, https://smarterdividends.com/stocks/AROW

Summary

As of Oct 15, 2026, Arrow Financial Corporation (AROW) yields 3.28% ($1.18 a year per share), has a dividend safety grade of A (95/100) and has 4 consecutive years of dividend increases on record.

Is AROW a good dividend stock?

Yes

Arrow Financial Corporation (AROW) pays a quarterly dividend yielding 3.28% ($1.18/yr), with 4 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Comfortable payout ratio (38%)
  • Top-tier dividend safety score

Risks

  • Cut its dividend in 1994

Key Data

Dividend Yield
3.28%
Payout Ratio
38%
Annual Dividend
$1.18
5-Yr Avg Growth
2.5%
Ex-Dividend Date
Aug 11, 2026
Years of Growth
4
Frequency
quarterly
Beta
0.73
Market Cap
$670.2M
P/E Ratio
11.8
5-Yr Total Return
5%
52-Week Range
$25.88 – $42.70
Dividend Safety
A · 95/100
Ever Cut?
Yes (1994)
AROW ex-dividend date & scheduleNext ex-date Aug 11, 2026 · full ex-dividend historyView →AROW dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is AROW a good dividend stock?

Yes. Arrow Financial Corporation (AROW) pays a quarterly dividend yielding 3.28% ($1.18/yr), with 4 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is AROW undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, AROW's fair value is about $55.59 versus a $36.18 share price — so it looks undervalued (+54% vs. fair value).

Is AROW's dividend safe?

AROW has a dividend-safety grade of A (95/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 1994, debt and yield-versus-history.

What is AROW's fair value?

Our blended fair-value estimate for AROW is about $55.59 per share, roughly 54% above the current $36.18 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is AROW a buy, hold, or sell?

We don't issue formal ratings, but on the data AROW screens as "yes" and undervalued. Arrow Financial Corporation (AROW) pays a quarterly dividend yielding 3.28% ($1.18/yr), with 4 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will AROW cut its dividend?

AROW earns a dividend-safety grade of A (95/100), and has cut its dividend before (last in 1994). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does AROW pay a dividend?

Yes. Arrow Financial Corporation pays a quarterly dividend of about $1.18 per share annually, a forward yield of roughly 3.28%.

What is AROW's dividend yield?

As of Oct 15, 2026, AROW's forward dividend yield is 3.28%, based on a $1.18 annual dividend and a $36.18 share price.

What is AROW's dividend per share?

As of Oct 15, 2026, AROW pays $1.18 per share per year, distributed on a quarterly basis.

What is AROW's dividend payout ratio?

As of Oct 15, 2026, AROW's payout ratio is 38% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has AROW grown its dividend?

As of Oct 15, 2026, AROW has increased its dividend for 4 consecutive years.

When is the next AROW ex-dividend date?

As of Oct 15, 2026, AROW's next ex-dividend date hasn't been announced. The most recent was Aug 11, 2026, for $0.30 per share.

Income Calculator

At $1.18 / yr per share

Per payment (quarterly)$29.50
Annual$118.00
Monthly avg$9.83

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