Farmers & Merchants Bancorp, Inc. (FMAO) Raises Quarterly Dividend 6.7% to $0.16; 2.2% Yield
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Farmers & Merchants Bancorp, Inc. Raises 2019 Fourth-Quarter Cash Dividend Payment by 6.7% to $0.16 Per Share
December 20, 2019 3:00 PM ESTARCHBOLD, Ohio, Dec. 20, 2019 (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 $1.6 billion at September 30, 2019, today announced that it has approved a 6.7% increase in the Companys quarterly cash dividend.
The new cash dividend has been raised to $0.16 per share from the previous dividend of $0.15 and represents the 25th consecutive annual increase in the Companys regular dividend payment since 1994. The fourth-quarter dividend is payable on January 20, 2020, to shareholders of record as of December 31,... More
