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

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) declared a quarterly dividend on Wednesday, March 26th, Wall Street Journal reports. Stockholders 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 dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, April 4th.

Farmers & Merchants Bancorp has raised its dividend by an average of 7.5% per year over the last three years and has raised its dividend every year for the last 19 years. Farmers & Merchants Bancorp has a payout ratio of 43.4% indicating that 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 Stock Down 0.0 %

Farmers & Merchants Bancorp stock traded down $0.01 during midday trading on Wednesday, hitting $24.24. 8,905 shares of the company’s stock were exchanged, compared to its average volume of 25,111. 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 company has a market cap of $332.09 million, a PE ratio of 12.76 and a beta of 0.67. The firm has a 50-day moving average of $25.66 and a two-hundred day moving average of $27.93. Farmers & Merchants Bancorp has a 12 month low of $19.65 and a 12 month high of $34.15.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts expect 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.