Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Raises Dividend to $0.22 Per Share

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO - Get Free Report) declared a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Stockholders of record on Friday, December 27th will be given a dividend of 0.2213 per share by the financial services provider on Monday, January 20th. This represents a $0.89 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Friday, December 27th. This is a positive change from Farmers & Merchants Bancorp's previous quarterly dividend of $0.22.

Farmers & Merchants Bancorp has increased its dividend by an average of 8.8% per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Farmers & Merchants Bancorp has a dividend payout ratio of 47.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Farmers & Merchants Bancorp to earn $1.85 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 48.1%.

Farmers & Merchants Bancorp Stock Down 7.0 %

Shares of NASDAQ:FMAO traded down $2.23 during midday trading on Wednesday, hitting $29.69. 26,891 shares of the stock were exchanged, compared to its average volume of 26,260. The company has a market capitalization of $406.72 million, a PE ratio of 17.46 and a beta of 0.68. Farmers & Merchants Bancorp has a 52-week low of $18.99 and a 52-week high of $34.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 0.99. The business's fifty day simple moving average is $30.58 and its two-hundred day simple moving average is $26.90.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.08. The company had revenue of $45.86 million during the quarter, compared to the consensus estimate of $24.93 million. Farmers & Merchants Bancorp had a return on equity of 7.16% and a net margin of 13.16%. As a group, research analysts predict that Farmers & Merchants Bancorp will post 1.74 earnings per share for the current fiscal year.

Farmers & Merchants Bancorp Company Profile

Farmers & Merchants Bancorp, Inc operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio and Northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts.