Farmers & Merchants Bancorp, Inc. (FMAO) Raises Quarterly Dividend 4.8% to $0.22; 3.6% Yield

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Go back to Farmers & Merchants Bancorp, Inc. (FMAO) Raises Quarterly Dividend 4.8% to $0.22; 3.6% Yield

Farmers & Merchants Bancorp, Inc. Raises the 2023 Fourth Quarter Cash Dividend by 4.8% Year-over-Year to $0.22 per share

December 19, 2023 4:45 PM EST

ARCHBOLD, Ohio, Dec. 19, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of F&M Bank, with total assets of $3.235 billion at September 30, 2023, today announced that it has approved a 4.8% year-over-year increase in the Companys quarterly cash dividend.

The new cash dividend has been raised to $0.22 per share from the previous dividend of $0.21 per share for the same period last year. This represents the 29th consecutive annual increase in the Companys regular dividend payment since 1994. The fourth-quarter dividend is payable on... More