Farmers & Merchants Bancorp (FMCB) Raises Quarterly Dividend 5.7% to $8.30; 3.5% Yield
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Farmers & Merchants Bancorp (FMCB) Increases Cash Dividend for the 58th Consecutive Year
May 11, 2023 4:30 PM EDTLODI, 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. Â
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
