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

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO - Get Free Report) declared a quarterly dividend on Tuesday, March 25th, Wall Street Journal reports. Shareholders of record on Friday, April 4th will be given 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 3.66%. The ex-dividend date of this dividend is Friday, April 4th.

Farmers & Merchants Bancorp has increased its dividend payment by an average of 7.5% per year over the last three years and has increased its dividend annually for the last 19 consecutive years. Farmers & Merchants Bancorp has a dividend payout ratio of 43.4% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of NASDAQ:FMAO traded down $0.50 on Friday, hitting $24.15. The company had a trading volume of 11,580 shares, compared to its average volume of 25,819. The company has a market cap of $330.86 million, a PE ratio of 12.71 and a beta of 0.67. The business has a 50 day moving average of $25.51 and a 200 day moving average of $27.88. Farmers & Merchants Bancorp has a 52-week low of $19.65 and a 52-week 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.

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Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.13. Farmers & Merchants Bancorp had a return on equity of 7.97% and a net margin of 14.48%. As a group, equities analysts anticipate that Farmers & Merchants Bancorp will post 1.82 earnings per share for the current fiscal year.

About Farmers & Merchants Bancorp

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.