Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Increases Dividend to $0.22 Per Share

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) announced a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Stockholders of record on Friday, December 27th will be given 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 dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22.

Farmers & Merchants Bancorp has raised its dividend payment by an average of 8.8% per year 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% indicating that its dividend is sufficiently covered by earnings. Equities research 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 7.0 %

Shares of NASDAQ FMAO opened at $29.69 on Thursday. The stock has a market capitalization of $406.72 million, a P/E ratio of 17.46 and a beta of 0.68. The stock’s fifty day moving average is $30.58 and its 200 day moving average is $26.90. Farmers & Merchants Bancorp has a 52 week low of $18.99 and a 52 week high of $34.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 0.99.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The firm had revenue of $45.86 million for the quarter, compared to the consensus estimate of $24.93 million. Farmers & Merchants Bancorp had a net margin of 13.16% and a return on equity of 7.16%. Sell-side analysts forecast that Farmers & Merchants Bancorp will post 1.74 earnings per share for the current fiscal 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.