How many times has Arrow Financial (AROW) split its stock?

Our data shows 38 stock splits for Arrow Financial (AROW). See the table on this page for dates and ratios.

What is a stock split?

A stock split increases the number of shares outstanding while proportionally lowering the share price, so market capitalization is unchanged. Chart and return tools often use split-adjusted prices. The split table on this page refreshes daily from our corporate-actions data.

What is the cumulative split multiple for AROW?

Multiplying each split factor in chronological order gives a cumulative multiple of about 28.0412 from the oldest split through the most recent one in our table.

Does a stock split change the value of my AROW investment?

A split does not change the total market value of your holding by itself; you own more shares at a lower per-share price. Dividends per share and some per-share metrics are often adjusted for splits.

Stock split history for Arrow Financial (AROW)

Arrow Financial stock (symbol: AROW) underwent a total of 38 stock splits.

The most recent stock split occurred on September 19, 2023.

One AROW share bought prior to December 8, 1983 would equal 28.0412 AROW shares today.

The same share count applies to one share bought at IPO on September 18, 1980.

Arrow Financial

AROW

Stock splits history (since IPO on September 18, 1980)

Cumulative multiple is the running product of split factors from the chronologically oldest row through each date. Rows are listed newest-first, so the cumulative column reads forward in time from the bottom of the table toward the top.

Date	Type	Split	Multiple	Cumulative multiple	Pre-split price	Post-split price
September 19, 2023	Stock split	103:100	x1.03	x28.0412	$17.52	$17.16
September 16, 2022	Stock split	103:100	x1.03	x27.2245	$32.61	$31.80
September 16, 2021	Stock split	103:100	x1.03	x26.4315	$35.67	$34.79
September 16, 2020	Stock split	103:100	x1.03	x25.6617	$27.77	$27.26
September 16, 2019	Stock split	103:100	x1.03	x24.9142	$35.78	$34.63
September 18, 2018	Stock split	103:100	x1.03	x24.1886	$38.70	$37.95
September 19, 2017	Stock split	103:100	x1.03	x23.4841	$33.30	$32.90
September 19, 2016	Stock split	103:100	x1.03	x22.8001	$33.08	$32.94
September 17, 2015	Stock dividend	51:50	x1.02	x22.136	$27.53	$27.26
September 17, 2014	Stock dividend	51:50	x1.02	x21.7019	$26.39	$26.05
September 17, 2013	Stock dividend	51:50	x1.02	x21.2764	$26.13	$25.84
September 17, 2012	Stock dividend	51:50	x1.02	x20.8592	$25.46	$25.08
September 19, 2011	Stock split	103:100	x1.03	x20.4502	$24.33	$23.43
September 17, 2010	Stock split	103:100	x1.03	x19.8546	$24.73	$24.38
September 16, 2009	Stock split	103:100	x1.03	x19.2763	$26.96	$26.39
September 19, 2007	Stock split	103:100	x1.03	x18.7148	$23.94	$22.89
September 20, 2006	Stock split	103:100	x1.03	x18.1698	$26.55	$26.16
September 20, 2005	Stock split	103:100	x1.03	x17.6405	$28.50	$27.93
September 20, 2004	Stock split	103:100	x1.03	x17.1267	$32.08	$31.89
September 30, 2003	Stock split	5:4	x1.25	x16.6279	$32.99	$26.98
October 31, 2002	Stock split	21:20	x1.05	x13.3023	$31.70	$31.01
October 31, 2001	Stock split	21:20	x1.05	x12.6689	$29.49	$28
November 1, 1999	Stock split	5:4	x1.25	x12.0656	$25.01	$20.50
July 30, 1998	Stock split	11:10	x1.1	x9.6525	$32.50	$30.01
November 12, 1997	Stock split	21:20	x1.05	x8.775	$36	$33.49
October 9, 1996	Stock split	11:10	x1.1	x8.3571	$23.62	$21.51
October 10, 1995	Stock split	26:25	x1.04	x7.5974	$18.73	$18.01
October 5, 1994	Stock split	26:25	x1.04	x7.3052	$16.01	$16.01
October 5, 1993	Stock split	26:25	x1.04	x7.0242	$13.12	$13.25
November 9, 1992	Stock split	26:25	x1.04	x6.754	$8.98	$8.76
August 9, 1991	Stock dividend	51:50	x1.02	x6.4943	$6.74	$6.52
January 31, 1989	Stock split	21:20	x1.05	x6.3669	$17.25	$23.17
January 27, 1988	Stock split	21:20	x1.05	x6.0638	$25.93	$24.69
September 2, 1987	Stock split	2:1	x2	x5.775	$40.50	$20.73
June 2, 1986	Stock split	2:1	x2	x2.8875	$75.94	$112.55
October 2, 1985	Stock split	5:4	x1.25	x1.4438	$87.40	$53.41
May 9, 1985	Stock split	21:20	x1.05	x1.155	$45.38	$44.91
December 8, 1983	Stock split	11:10	x1.1	x1.1	$35.05	$54.30

September 19, 2023

Type: Stock split
Split: 103:100
Multiple: x1.03
Cumulative multiple: x28.0412
Pre-split price: $17.52
Post-split price: $17.16

September 16, 2022

Type: Stock split
Split: 103:100
Multiple: x1.03
Cumulative multiple: x27.2245
Pre-split price: $32.61
Post-split price: $31.80

September 16, 2021

Type: Stock split
Split: 103:100
Multiple: x1.03
Cumulative multiple: x26.4315
Pre-split price: $35.67
Post-split price: $34.79

September 16, 2020

Type: Stock split
Split: 103:100
Multiple: x1.03
Cumulative multiple: x25.6617
Pre-split price: $27.77
Post-split price: $27.26

September 16, 2019

Type: Stock split
Split: 103:100
Multiple: x1.03
Cumulative multiple: x24.9142
Pre-split price: $35.78
Post-split price: $34.63

September 18, 2018

Type: Stock split
Split: 103:100
Multiple: x1.03
Cumulative multiple: x24.1886
Pre-split price: $38.70
Post-split price: $37.95

September 19, 2017

Type: Stock split
Split: 103:100
Multiple: x1.03
Cumulative multiple: x23.4841
Pre-split price: $33.30
Post-split price: $32.90

September 19, 2016

Type: Stock split
Split: 103:100
Multiple: x1.03
Cumulative multiple: x22.8001
Pre-split price: $33.08
Post-split price: $32.94

September 17, 2015

Type: Stock dividend
Split: 51:50
Multiple: x1.02
Cumulative multiple: x22.136
Pre-split price: $27.53
Post-split price: $27.26

September 17, 2014

Type: Stock dividend
Split: 51:50
Multiple: x1.02
Cumulative multiple: x21.7019
Pre-split price: $26.39
Post-split price: $26.05

September 17, 2013

Type: Stock dividend
Split: 51:50
Multiple: x1.02
Cumulative multiple: x21.2764
Pre-split price: $26.13
Post-split price: $25.84

September 17, 2012

Type: Stock dividend
Split: 51:50
Multiple: x1.02
Cumulative multiple: x20.8592
Pre-split price: $25.46
Post-split price: $25.08

September 19, 2011

Type: Stock split
Split: 103:100
Multiple: x1.03
Cumulative multiple: x20.4502
Pre-split price: $24.33
Post-split price: $23.43

September 17, 2010

Type: Stock split
Split: 103:100
Multiple: x1.03
Cumulative multiple: x19.8546
Pre-split price: $24.73
Post-split price: $24.38

September 16, 2009

Type: Stock split
Split: 103:100
Multiple: x1.03
Cumulative multiple: x19.2763
Pre-split price: $26.96
Post-split price: $26.39

September 19, 2007

Type: Stock split
Split: 103:100
Multiple: x1.03
Cumulative multiple: x18.7148
Pre-split price: $23.94
Post-split price: $22.89

September 20, 2006

Type: Stock split
Split: 103:100
Multiple: x1.03
Cumulative multiple: x18.1698
Pre-split price: $26.55
Post-split price: $26.16

September 20, 2005

Type: Stock split
Split: 103:100
Multiple: x1.03
Cumulative multiple: x17.6405
Pre-split price: $28.50
Post-split price: $27.93

September 20, 2004

Type: Stock split
Split: 103:100
Multiple: x1.03
Cumulative multiple: x17.1267
Pre-split price: $32.08
Post-split price: $31.89

September 30, 2003

Type: Stock split
Split: 5:4
Multiple: x1.25
Cumulative multiple: x16.6279
Pre-split price: $32.99
Post-split price: $26.98

October 31, 2002

Type: Stock split
Split: 21:20
Multiple: x1.05
Cumulative multiple: x13.3023
Pre-split price: $31.70
Post-split price: $31.01

October 31, 2001

Type: Stock split
Split: 21:20
Multiple: x1.05
Cumulative multiple: x12.6689
Pre-split price: $29.49
Post-split price: $28

November 1, 1999

Type: Stock split
Split: 5:4
Multiple: x1.25
Cumulative multiple: x12.0656
Pre-split price: $25.01
Post-split price: $20.50

July 30, 1998

Type: Stock split
Split: 11:10
Multiple: x1.1
Cumulative multiple: x9.6525
Pre-split price: $32.50
Post-split price: $30.01

November 12, 1997

Type: Stock split
Split: 21:20
Multiple: x1.05
Cumulative multiple: x8.775
Pre-split price: $36
Post-split price: $33.49

October 9, 1996

Type: Stock split
Split: 11:10
Multiple: x1.1
Cumulative multiple: x8.3571
Pre-split price: $23.62
Post-split price: $21.51

October 10, 1995

Type: Stock split
Split: 26:25
Multiple: x1.04
Cumulative multiple: x7.5974
Pre-split price: $18.73
Post-split price: $18.01

October 5, 1994

Type: Stock split
Split: 26:25
Multiple: x1.04
Cumulative multiple: x7.3052
Pre-split price: $16.01
Post-split price: $16.01

October 5, 1993

Type: Stock split
Split: 26:25
Multiple: x1.04
Cumulative multiple: x7.0242
Pre-split price: $13.12
Post-split price: $13.25

November 9, 1992

Type: Stock split
Split: 26:25
Multiple: x1.04
Cumulative multiple: x6.754
Pre-split price: $8.98
Post-split price: $8.76

August 9, 1991

Type: Stock dividend
Split: 51:50
Multiple: x1.02
Cumulative multiple: x6.4943
Pre-split price: $6.74
Post-split price: $6.52

January 31, 1989

Type: Stock split
Split: 21:20
Multiple: x1.05
Cumulative multiple: x6.3669
Pre-split price: $17.25
Post-split price: $23.17

January 27, 1988

Type: Stock split
Split: 21:20
Multiple: x1.05
Cumulative multiple: x6.0638
Pre-split price: $25.93
Post-split price: $24.69

September 2, 1987

Type: Stock split
Split: 2:1
Multiple: x2
Cumulative multiple: x5.775
Pre-split price: $40.50
Post-split price: $20.73

June 2, 1986

Type: Stock split
Split: 2:1
Multiple: x2
Cumulative multiple: x2.8875
Pre-split price: $75.94
Post-split price: $112.55

October 2, 1985

Type: Stock split
Split: 5:4
Multiple: x1.25
Cumulative multiple: x1.4438
Pre-split price: $87.40
Post-split price: $53.41

May 9, 1985

Type: Stock split
Split: 21:20
Multiple: x1.05
Cumulative multiple: x1.155
Pre-split price: $45.38
Post-split price: $44.91

December 8, 1983

Type: Stock split
Split: 11:10
Multiple: x1.1
Cumulative multiple: x1.1
Pre-split price: $35.05
Post-split price: $54.30

Pre-split price is the final regular-session close on a trading day strictly before the split calendar date. Post-split price is the first session open on or after that date. Both values come from unadjusted end-of-day bars for the company's primary listing.

The Type column reflects the data feed's event category (for example stock split vs stock dividend). When the feed labels a generic split but the ratio is reverse (e.g. 1:10), we show reverse stock split. Optional editorial context for a row appears next to the split ratio as an info icon (hover or keyboard focus on desktop; tap on mobile). The same text is listed under Row notes when that block is expanded.

Wondering why some rows show ratios like 51:50 or 2000:1973? Read: stock split ratios explained →How the cumulative column is computed: cumulative split multiplier explained. For ratios driven by spin-offs, see spin-offs explained. Or read the methodology for how prices and cumulative multiples are computed.

Stock splits for companies in the Financial Services sector

8 peers sorted by market cap

Compare split histories across large names in the same sector. Each ticker links to its own split table; the list excludes ETFs and funds and follows our daily company snapshot.

Ticker	Company	Market cap
BRK-B	Berkshire Hathaway Inc.	$1.03T
JPM	JPMorgan Chase & Co.	$839.99B
V	Visa Inc.	$596.34B
MA	Mastercard Incorporated	$449.35B
BAC	Bank of America Corporation	$377.92B
MS	Morgan Stanley	$302.29B
GS	The Goldman Sachs Group, Inc.	$274.96B
WFC	Wells Fargo & Company	$249.74B

Frequently asked questions

How many times has Arrow Financial (AROW) split its stock?: Our data shows 38 stock splits for Arrow Financial (AROW). See the table on this page for dates and ratios.
What is a stock split?: A stock split increases the number of shares outstanding while proportionally lowering the share price, so market capitalization is unchanged. Chart and return tools often use split-adjusted prices. The split table on this page refreshes daily from our corporate-actions data.
What is the cumulative split multiple for AROW?: Multiplying each split factor in chronological order gives a cumulative multiple of about 28.0412 from the oldest split through the most recent one in our table.
Does a stock split change the value of my AROW investment?: A split does not change the total market value of your holding by itself; you own more shares at a lower per-share price. Dividends per share and some per-share metrics are often adjusted for splits.