Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Announces Quarterly Dividend of $0.22

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) declared a quarterly dividend on Wednesday, March 26th, Wall Street Journal reports. Investors of record on Friday, April 4th will be paid a dividend of 0.2213 per share by the financial services provider on Sunday, April 20th. This represents a $0.89 annualized dividend and a yield of 3.65%. The ex-dividend date is Friday, April 4th.

Farmers & Merchants Bancorp has increased its dividend payment by an average of 7.5% annually over the last three years and has raised its dividend every year for the last 19 years. Farmers & Merchants Bancorp has a dividend payout ratio of 43.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Farmers & Merchants Bancorp to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.89 annual dividend with an expected future payout ratio of 44.1%.

Farmers & Merchants Bancorp Stock Down 0.0 %

Shares of FMAO stock traded down $0.01 during trading hours on Wednesday, reaching $24.24. 8,905 shares of the company’s stock were exchanged, compared to its average volume of 25,111. Farmers & Merchants Bancorp has a 1 year low of $19.65 and a 1 year high of $34.15. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.78. The stock has a market cap of $332.09 million, a PE ratio of 12.76 and a beta of 0.67. The stock’s fifty day moving average price is $25.66 and its two-hundred day moving average price is $27.93.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.13. Farmers & Merchants Bancorp had a net margin of 14.48% and a return on equity of 7.97%. Research analysts predict that Farmers & Merchants Bancorp will post 1.82 EPS for the current year.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking, retail banking, and financial services. It includes commercial, agricultural, and residential mortgages as well as consumer and credit card lending activities. The firm also offers checking account services, and savings and time deposit services.