Arrow Financial: 10-Year High Yield Of 6.2% And 30% Upside Potential
Summary
- Arrow Financial has dramatically underperformed the S&P 500 and the Financial Select Sector SPDR Fund ETF due to negative market sentiment on regional banks and poor business momentum.
- The bank is not exposed to the same risks as other banks that have gone out of business, and its stable deposits indicate no sign of an imminent bank run.
- The bank has raised its dividend for 27 consecutive years and is currently offering a 10-year high dividend yield of 6.2% with a payout ratio of 46%.
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