Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) to Issue 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 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Friday, April 4th.

Farmers & Merchants Bancorp has raised 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. 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 FMAO stock opened at $24.65 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $337.71 million, a P/E ratio of 12.97 and a beta of 0.67. Farmers & Merchants Bancorp has a 1-year low of $19.65 and a 1-year high of $34.15. The firm has a fifty day moving average of $25.56 and a two-hundred day moving average of $27.88.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.61 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%. As a group, research 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.