Farmers & Merchants Bancorp, Inc. (FMAO) Raises Quarterly Dividend 7.1% to $0.15; 1.6% Yield

Farmers & Merchants Bancorp, Inc. (NASDAQ: FMAO) declared a quarterly dividend of $0.15 per share, or $0.6 annualized. This is a 7.1% increase from the prior dividend of $0.14.

The dividend will be payable on January 20, 2019, to stockholders of record on December 31, 2018, with an ex-dividend date of December 28, 2018.

The annual yield on the dividend is 1.6 percent.

Paul S. Siebenmorgen, President and Chief Executive Officer, stated: “I am extremely proud that the board has approved the second increase in our quarterly dividend payment this year. The fourth quarter dividend payment is 15.4% higher than the dividend payment in the fourth quarter last year. 2018 is shaping up to be a historic year for F&M. The increased quarterly dividend payment reflects management’s and the board of directors’ confidence in our future performance, and desire to continually create value for our shareholders.”

For a dividend history and other dividend-related data on Farmers & Merchants Bancorp, Inc. (FMAO) click here.

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