Farmers & Merchants Bancorp (FMCB) Raises Quarterly Dividend 5.7% to $8.30; 3.5% Yield

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Go back to Farmers & Merchants Bancorp (FMCB) Raises Quarterly Dividend 5.7% to $8.30; 3.5% Yield

Farmers & Merchants Bancorp (FMCB) Increases Cash Dividend for the 58th Consecutive Year

May 11, 2023 4:30 PM EDT

LODI, Calif., May 11, 2023 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp (OTCQX: FMCB) (the Company or FMCB), the parent company of Farmers & Merchants Bank of Central California (the Bank or F&M Bank), the Board of Directors declared a mid-year cash dividend of $8.30 per share, an increase of 5.7% over the $7.85 per share paid in July of 2022. The cash dividend is payable on July 1, 2023, to shareholders of record on June 9, 2023.   

Kent A. Steinwert, Chairman, President and CEO noted, The Board is pleased with the Companys record first quarter 2023 and record full-year 2022 financial results and unanimously... More