You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

GLENS FALLS, N.Y., July 30, 2020 /PRNewswire/ --The Board of Directors of Arrow Financial Corporation (NasdaqGS - AROW) on July 29, 2020, declared a quarterly cash dividend of $0.26 per share payable September 15, 2020, to shareholders of record September 2, 2020. This represents an increase of 3% over the cash dividend paid in the third quarter of 2019, as a result of the 3% stock dividend distributed September 27, 2019. Arrow Financial Corporation (NasdaqGS - AROW) is a multi-bank holding company headquartered in Glens Falls, New York, serving the financial needs of northeastern New York. The Company is the parent of Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company. Other subsidiaries include North Country Investment Advisers, Inc., and Upstate Agency, LLC, specializing in property and casualty insurance and group health and employee benefits. The information contained in this news release may contain statements that are not historical in nature but rather are based on management's beliefs, assumptions, expectations, estimates and projections about the future. These statements may be "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, involving a degree of uncertainty and attendant risk. In the case of all forward-looking statements, actual outcomes and results may differ materially from what the statements predict or forecast, explicitly or by implication. The Company undertakes no obligation to revise or update these forward-looking statements to reflect the occurrence of unanticipated events. This News Release should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2019, and our other filings with the Securities and Exchange Commission. SOURCE Arrow Financial Corporation Related Links http://www.arrowfinancial.com

Answer: Arrow Declares September Cash Dividend