Arrow Financial (US:AROW) Zacks Investment Researchยท2024-02-02 17:46Company Overview - Arrow Financial (AROW) is based in Glens Falls and operates in the Finance sector, with a year-to-date share price change of -10.63% [2] - The company currently pays a dividend of $0.27 per share, resulting in a dividend yield of 4.33%, which is significantly higher than the Banks - Northeast industry's yield of 2.83% and the S&P 500's yield of 1.61% [2] Dividend Performance - Arrow Financial's current annualized dividend of $1.08 has increased by 2.3% from the previous year [2] - Over the past five years, the company has raised its dividend five times, achieving an average annual increase of 4.15% [2] - The current payout ratio stands at 52%, indicating that the company distributes 52% of its trailing 12-month earnings per share as dividends [2] Earnings Outlook - The Zacks Consensus Estimate for Arrow Financial's earnings in 2024 is projected at $2.60 per share, reflecting a year-over-year earnings growth rate of 46.89% [3] Investment Considerations - Dividends are favored by investors as they enhance stock investing profits, reduce overall portfolio risk, and offer tax advantages [4] - Arrow Financial is characterized as an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 1 (Strong Buy) [4]