Arrow Financial (AROW) Announces 3% Stock Dividend

September 1, 2016 6:14 AM EDT

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Arrow Financial (NASDAQ: AROW) President and CEO, Thomas J. Murphy, announced that a 3% stock dividend was declared on Aug. 31, 2016, and will be distributed on Sept. 29, 2016.

Shareholders of record on Sept. 21, 2016, will receive three additional shares of Arrow Common Stock for every 100 shares owned. They will also receive the cash equivalent of any fractional shares which they are entitled, since no partial shares will be issued.

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