5 Safe Dividend Stocks with Over 3% Yield

3. Arrow Financial Corporation (NASDAQ:AROW)

Arrow Financial is yet another non-fancy stock in our list that doesn’t make much headlines but still pays strong dividends. The company has increased its dividends for 27 years. The stock has a dividend yield of 3.38% as of October 26. The stock has taken a hit this year amid higher provision expense. However, analysts believe growth in loans and margin expansion could lift the stock in 2023.

Just 3 hedge funds in the database of Insider Monkey had stakes in the company at the end of June. Jim Simons’ Renaissance Technologies has a $10 million stake in the firm.