Arrow Financial declared a quarterly cash dividend of 27c per share payable December 15 to shareholders of record on December 1. With this dividend, Arrow will be resuming its Dividend Reinvestment Plan – DRIP -. Participation under the DRIP will automatically resume for company shareholders that were previously enrolled. Additionally, the Arrow Board expanded its existing stock repurchase program by $5M, bringing the total availability under the repurchase program to $9.1M, , and removed the expiration date previously incorporated into the existing repurchase program. The company expects to resume repurchases in the coming months.
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