Farmers & Merchants Bancorp, Inc. (FMAO) Raises Quarterly Dividend 7.7% to $0.14; 1.3% Yield

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Go back to Farmers & Merchants Bancorp, Inc. (FMAO) Raises Quarterly Dividend 7.7% to $0.14; 1.3% Yield

Farmers & Merchants Bancorp, Inc. Raises 2018 Second-Quarter Cash Dividend Payment by 7.7% to $0.14 per share

June 15, 2018 1:00 PM EDT

ARCHBOLD, Ohio, June 15, 2018 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of The Farmers & Merchants State Bank, with assets of $1.12 billion at March 31, 2018, today announced that it has approved a 7.7% increase in the companys quarterly cash dividend.  The new dividend has been raised to $0.14 per share from the previous dividend of $0.13, and represents the 19th consecutive annual increase. 

The second-quarter dividend is payable on July 20, 2018, to... More