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

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) announced a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Investors of record on Friday, December 27th will be paid a dividend of 0.2213 per share by the financial services provider on Monday, January 20th. This represents a $0.89 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Friday, December 27th. This is a boost from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22.

Farmers & Merchants Bancorp has raised its dividend by an average of 8.8% annually over the last three years and has increased its dividend every year for the last 15 years. Farmers & Merchants Bancorp has a payout ratio of 47.6% meaning its dividend is sufficiently covered by earnings. 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 0.8 %

NASDAQ FMAO traded down $0.23 during trading on Thursday, hitting $29.46. 21,753 shares of the company traded hands, compared to its average volume of 26,241. Farmers & Merchants Bancorp has a 12 month low of $18.99 and a 12 month high of $34.15. The business has a fifty day simple moving average of $30.58 and a 200 day simple moving average of $26.90. The company has a market capitalization of $403.57 million, a P/E ratio of 17.33 and a beta of 0.68. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.78.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.08. The firm had revenue of $45.86 million during the quarter, compared to analyst estimates 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, sell-side analysts predict that Farmers & Merchants Bancorp will post 1.74 EPS for the current 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.