Arrow Financial (AROW) Dividend History & Yield
Dividend ChallengerArrow Financial (AROW) has increased its dividend for 5 consecutive years and currently yields 3.20%. The most recent dividend was $0.3000/share on May 26, 2026, paid Quarterly.
AROW
Current Yield
3.20%
TTM Dividend/Share
$1.18
Payment Frequency
Quarterly
Payout Ratio
38.1%
Consecutive Growth Years
5 (Dividend Challenger)
Div Growth (1Y CAGR)
4.59%
Div Growth (5Y CAGR)
2.46%
Div Growth (10Y CAGR)
2.68%
AROW: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
5.7%
FCF payout ratio
12.0%
Net debt / EBITDA
0.0x
Interest coverage
0.85x
ROIC (TTM)
24.4%
Dividend Safety Score
6 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 38.1%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($2.19) covers dividend/share ($1.18).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 5 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 12.0%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 0.0x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (2.5%) exceeds EPS growth (0.5%) — payout ratio expanding.
Per-payment dividend history
Ex-date May 12, 2026
- Payment date
- May 26, 2026
- Dividend
- $0.3000
- Adj. dividend
- $0.3000
Ex-date Feb 11, 2026
- Payment date
- Feb 25, 2026
- Dividend
- $0.3000
- Adj. dividend
- $0.3000
Ex-date Nov 12, 2025
- Payment date
- Nov 24, 2025
- Dividend
- $0.2900
- Adj. dividend
- $0.2900
Ex-date Aug 11, 2025
- Payment date
- Aug 25, 2025
- Dividend
- $0.2900
- Adj. dividend
- $0.2900
Ex-date May 13, 2025
- Payment date
- May 23, 2025
- Dividend
- $0.2800
- Adj. dividend
- $0.2800
Ex-date Feb 10, 2025
- Payment date
- Feb 24, 2025
- Dividend
- $0.2800
- Adj. dividend
- $0.2800
Ex-date Oct 15, 2024
- Payment date
- Oct 29, 2024
- Dividend
- $0.2800
- Adj. dividend
- $0.2800
Ex-date Aug 12, 2024
- Payment date
- Aug 23, 2024
- Dividend
- $0.2700
- Adj. dividend
- $0.2700
Ex-date May 10, 2024
- Payment date
- May 24, 2024
- Dividend
- $0.2700
- Adj. dividend
- $0.2700
Ex-date Feb 9, 2024
- Payment date
- Feb 23, 2024
- Dividend
- $0.2700
- Adj. dividend
- $0.2700
Ex-date Nov 30, 2023
- Payment date
- Dec 15, 2023
- Dividend
- $0.2700
- Adj. dividend
- $0.2700
Ex-date Aug 31, 2023
- Payment date
- Sep 15, 2023
- Dividend
- $0.2781
- Adj. dividend
- $0.2700
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 12, 2026 | May 26, 2026 | $0.3000 | $0.3000 |
| Feb 11, 2026 | Feb 25, 2026 | $0.3000 | $0.3000 |
| Nov 12, 2025 | Nov 24, 2025 | $0.2900 | $0.2900 |
| Aug 11, 2025 | Aug 25, 2025 | $0.2900 | $0.2900 |
| May 13, 2025 | May 23, 2025 | $0.2800 | $0.2800 |
| Feb 10, 2025 | Feb 24, 2025 | $0.2800 | $0.2800 |
| Oct 15, 2024 | Oct 29, 2024 | $0.2800 | $0.2800 |
| Aug 12, 2024 | Aug 23, 2024 | $0.2700 | $0.2700 |
| May 10, 2024 | May 24, 2024 | $0.2700 | $0.2700 |
| Feb 9, 2024 | Feb 23, 2024 | $0.2700 | $0.2700 |
| Nov 30, 2023 | Dec 15, 2023 | $0.2700 | $0.2700 |
| Aug 31, 2023 | Sep 15, 2023 | $0.2781 | $0.2700 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Arrow Financial has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 5 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $1.1400 | — | — |
| 2025 | $1.0900 | $1.1400 | +4.6% |
| 2024 | $1.0800 | $1.0900 | +0.9% |
| 2023 | $1.0564 | $1.0800 | +2.2% |
| 2022 | $1.0097 | $1.0564 | +4.6% |
| 2021 | $1.0097 | $1.0097 | 0.0% |
| 2020 | $0.9877 | $1.0097 | +2.2% |
| 2019 | $0.9406 | $0.9877 | +5.0% |
| 2018 | $0.8952 | $0.9406 | +5.1% |
| 2017 | $0.8885 | $0.8952 | +0.8% |
| 2016 | $0.8754 | $0.8885 | +1.5% |
| 2015 | $0.8583 | $0.8754 | +2.0% |
| 2014 | $0.8414 | $0.8583 | +2.0% |
| 2013 | $0.8249 | $0.8414 | +2.0% |
| 2012 | $0.8029 | $0.8249 | +2.7% |
| 2011 | $0.7795 | $0.8029 | +3.0% |
| 2010 | $0.7568 | $0.7795 | +3.0% |
| 2009 | $0.7361 | $0.7568 | +2.8% |
| 2008 | $0.7054 | $0.7361 | +4.4% |
| 2007 | $0.6848 | $0.7054 | +3.0% |
| 2006 | $0.6511 | $0.6848 | +5.2% |
| 2005 | $0.6119 | $0.6511 | +6.4% |
| 2004 | $0.5579 | $0.6119 | +9.7% |
| 2003 | $0.5047 | $0.5579 | +10.6% |
| 2002 | $0.4414 | $0.5047 | +14.3% |
| 2001 | $0.3874 | $0.4414 | +13.9% |
| 2000 | $0.3516 | $0.3874 | +10.2% |
| 1999 | $0.3951 | $0.3516 | -11.0% |
| 1998 | $0.2752 | $0.3951 | +43.6% |
| 1997 | $0.2226 | $0.2752 | +23.6% |
| 1996 | $0.1769 | $0.2226 | +25.9% |
| 1995 | $0.1296 | $0.1769 | +36.5% |
| 1994 | $0.0335 | $0.1296 | +286.4% |
| 1993 | $0.0290 | $0.0335 | +15.8% |
| 1992 | $0.1150 | $0.0290 | -74.8% |
| 1991 | $0.2135 | $0.1150 | -46.1% |
| 1990 | $0.1952 | $0.2135 | +9.4% |
| 1989 | $0.1769 | $0.1952 | +10.3% |
| 1988 | $0.1662 | $0.1769 | +6.4% |
| 1987 | $1.2420 | $0.1662 | -86.6% |
| 1986 | $1.4203 | $1.2420 | -12.6% |
| 1985 | — | $1.4203 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Arrow Financial (AROW) from the consolidated cash flow statement, in USD as filed.
Latest period
$19.15M
YoY change
+3.3%
5Y CAGR
+3.7%
Peak year (2025)
$18.90M
Latest annual
$18.90M
Cash dividends paid over time for Arrow Financial (AROW)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Arrow Financial (AROW)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $18.90M | +3.3% | +$611,000 | ||
| 2024 | $18.29M | +1.7% | +$303,000 | ||
| 2023 | $17.98M | +3.1% | +$539,000 | ||
| 2022 | $17.44M | +7.0% | +$1.15M | ||
| 2021 | $16.30M | +3.5% | +$556,000 | ||
| 2020 | $15.74M | +3.5% | +$534,000 | ||
| 2019 | $15.21M | +5.7% | +$817,000 | ||
| 2018 | $14.39M | +5.8% | +$790,000 | ||
| 2017 | $13.60M | +3.9% | +$507,000 | ||
| 2016 | $13.09M | +3.1% | +$392,000 | ||
| 2015 | $12.70M | +2.4% | +$293,000 | ||
| 2014 | $12.41M | +2.5% | +$298,000 | ||
| 2013 | $12.11M | +2.5% | +$294,000 | ||
| 2012 | $11.81M | +3.2% | +$367,000 | ||
| 2011 | $11.45M | +4.1% | +$451,000 | ||
| 2010 | $11.00M | +3.4% | +$357,000 | ||
| 2009 | $10.64M | +3.0% | +$310,000 | ||
| 2008 | $10.33M | +3.0% | +$303,000 | ||
| 2007 | $10.03M | +1.0% | +$98,000 | ||
| 2006 | $9.93M | +3.9% | +$371,000 | ||
| 2005 | $9.56M | +6.2% | +$558,000 | ||
| 2004 | $9.00M | +9.4% | +$775,000 | ||
| 2003 | $8.22M | +9.1% | +$689,000 | ||
| 2002 | $7.54M | +13.9% | +$917,000 | ||
| 2001 | $6.62M | +13.9% | +$806,000 | ||
| 2000 | $5.81M | +5.7% | +$313,000 | ||
| 1999 | $5.50M | +7.8% | +$400,000 | ||
| 1998 | $5.10M | +10.9% | +$500,000 | ||
| 1997 | $4.60M | +17.9% | +$700,000 | ||
| 1996 | $3.90M | +21.9% | +$700,000 | ||
| 1995 | $3.20M | +60.0% | +$1.20M | ||
| 1994 | $2.00M | +233.3% | +$1.40M | ||
| 1993 | $600,000 | — | +$600,000 | ||
| 1992 | $0 | -100.0% | -$1.30M | ||
| 1991 | $1.30M | — | — |
In 2025, Arrow Financial (AROW) dividends paid totalled $18.90M – edged up 3.3% year-over-year.
Through 2020–2025 (5 years), Arrow Financial dividends paid delivered a +3.7% annualised rate; sustaining 33 straight years of year-over-year growth.
$18.90M stands as the all-time-high annual dividends paid, posted in 2025, against a low of $0 during 1992.
Among 8 Financial Services peers, Arrow Financial (AROW) ranks 8th; the peer median for dividends paid is $5.36B.
Arrow Financial Dividends Paid 2025: $18.90M
Arrow Financial dividends paid in 2025 was $18.90M, edged up 3.3% from 2024. This figure represents the highest annual value in the available history.
Arrow Financial Dividends Paid 2024: $18.29M
Arrow Financial dividends paid in 2024 was $18.29M, edged up 1.7% from 2023.
Arrow Financial Dividends Paid 2023: $17.98M
Arrow Financial dividends paid in 2023 was $17.98M, edged up 3.1% from 2022.
Arrow Financial Dividends Paid 2022: $17.44M
Arrow Financial dividends paid in 2022 was $17.44M, grew 7.0% from 2021.
Arrow Financial Dividends Paid 2021: $16.30M
Arrow Financial dividends paid in 2021 was $16.30M.
See more financial history for Arrow Financial (AROW).
Sector peers by dividends paid
Companies in the same sector as Arrow Financial, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $16.63B | Financial Services |
| Bank of America (BAC) | $9.56B | Financial Services |
| Morgan Stanley (MS) | $6.59B | Financial Services |
| Wells Fargo (WFC) | $5.43B | Financial Services |
| Goldman Sachs (GS) | $5.28B | Financial Services |
| Visa (V) | $4.63B | Financial Services |
| Mastercard (MA) | $2.76B | Financial Services |
| Berkshire Hathaway (BRK-B) | $0 | Financial Services |
Frequently asked questions
Does Arrow Financial pay dividends?
Yes, Arrow Financial (AROW) pays quarterly dividends of approximately $1.18 per share annually, yielding 3.20%.
What is Arrow Financial's dividend yield?
Arrow Financial (AROW) has a current dividend yield of 3.20%.
Is Arrow Financial's dividend safe?
Arrow Financial (AROW) passes 6 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Arrow Financial increased its dividend?
Arrow Financial (AROW) has 5 consecutive years of dividend increases.
What is Arrow Financial's dividend payout ratio?
Arrow Financial (AROW) has a dividend payout ratio of 38.1%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Arrow Financial's dividends paid?
Latest reported dividends paid for Arrow Financial (AROW) is $19.15M (period ending March 31, 2026).
How has Arrow Financial dividends paid changed year-over-year?
Arrow Financial (AROW) dividends paid changed +3.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Arrow Financial dividends paid?
Arrow Financial (AROW) dividends paid compound annual growth rate is +3.7% over the most recent 5 years available.
When did Arrow Financial dividends paid hit its highest annual value?
Arrow Financial dividends paid reached its highest annual value of $18.90M in 2025.
What was Arrow Financial dividends paid in 2024?
Arrow Financial (AROW) dividends paid in 2024 was $18.29M.
What was Arrow Financial dividends paid in 2025?
Arrow Financial (AROW) dividends paid in 2025 was $18.90M.
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