Arrow Financial Corporation (NASDAQ:AROW) will begin trading ex-dividend on September 1, 2020. The quarterly dividend payment of $ 0.26 per share is scheduled to be paid on September 15, 2020. The dividend yield based on the latest trading day closing price was 3.65 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Arrow Financial Corporation recently reported second quarter financial results on July 21, 2020, before market open, the Glens Falls based company outlined income for the second quarter of $ 0.61 per share, from the revenue of $ 32.01 million. The quarterly earnings expanded 22.47 percent while revenues compared with the same quarter last year.
Wall street analysts are predicting, AROW to report 2Q20 income of $ 0.54 per share from revenue of $ 30.58 million. The bottom line results beat street analysts by $ 0.07 or 12.96 percent, at the same time, top line results outshined analysts by $ 1.43 million or 4.68 percent.
Stock Performance
Shares of Arrow Financial Corporation traded up $ 0.07 or 0.25 percent on Friday, reaching $ 28.47 with volume of 22.10 thousand shares. Arrow Financial Corporation has traded high as $ 28.71 and has cracked $ 28.04 on the downward trend
According to the previous trading day, closing price of $ 28.47, representing a 36.60 % increase from the 52 week low of $ 20.79 and a 25.87 % decrease over the 52 week high of $ 38.31.
The company has a market capital of $ 427.48 million and is part of the Financial Services sector and Banks – Regional – US industry.
Arrow Financial Corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. The companys deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. Its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit; and commercial real estate loans to finance real estate purchases, refinancing, expansions, and improvements to commercial properties, as well as commercial construction and land development loans to finance projects.
