F&M Bancorp (OTCMKTS:FMOO) to Issue Dividend Increase – $0.40 Per Share

F&M Bancorp (OTCMKTS:FMOO) declared a quarterly dividend on Thursday, March 6th, NASDAQ Dividends reports. Shareholders of record on Friday, March 28th will be given a dividend of 0.40 per share on Monday, March 31st. This represents a $1.60 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Friday, March 28th. This is a 14.3% increase from F&M Bancorp’s previous quarterly dividend of $0.35.

F&M Bancorp Stock Performance

FMOO remained flat at $65.60 during midday trading on Wednesday. F&M Bancorp has a 12-month low of $62.36 and a 12-month high of $65.60. The company’s fifty day simple moving average is $63.14 and its two-hundred day simple moving average is $62.67.

F&M Bancorp Company Profile

F&M Bancorp, together with its subsidiaries, operates as an independent state-chartered bank. The company offers personal banking products and services, including checking and savings accounts; and business checking and savings accounts. It also provides loans, including home, personal, student, and business and agriculture; credit and debit cards; and insurance services.