Farmers and Merchants Bancshares, Inc. (OTCMKTS:FMFG) to Issue Dividend Increase – $0.34 Per Share

Farmers and Merchants Bancshares, Inc. (OTCMKTS:FMFG) declared a dividend on Monday, November 18th,NASDAQ Dividends reports. Investors of record on Tuesday, December 3rd will be paid a dividend of 0.34 per share on Tuesday, December 17th. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a positive change from Farmers and Merchants Bancshares’s previous dividend of $0.33.

Farmers and Merchants Bancshares Price Performance

Shares of OTCMKTS:FMFG opened at $14.15 on Friday. The company’s 50 day simple moving average is $15.22 and its 200 day simple moving average is $15.35. Farmers and Merchants Bancshares has a 1 year low of $12.51 and a 1 year high of $18.00.

Farmers and Merchants Bancshares Company Profile

Farmers and Merchants Bancshares, Inc operates as the bank holding company for Farmers and Merchants Bank that provides commercial and retail banking services to individuals and businesses in Baltimore and Carroll counties in Maryland and surrounding areas of northern Maryland. It offers checking, savings, money market, individual retirement, and sweep accounts, as well as certificates of deposit, remote check deposits, and repurchase agreements.