Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO) Declares Dividend Increase - $0.23 Per Share

Key Points

• Farmers & Merchants Bancorp Inc. has declared a quarterly dividend of $0.2275 per share, representing a 2.8% increase from the previous dividend of $0.22, effective for shareholders of record by October 10th.
• The financial services provider has a dividend payout ratio of 39.4%, indicating that its dividends are covered by earnings, and analysts project earnings of $2.02 per share next year.
• As of the latest trading session, shares of Farmers & Merchants Bancorp are valued at $24.62, reflecting a market capitalization of $337.90 million with a P/E ratio of 11.39.

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO - Get Free Report) announced a quarterly dividend on Tuesday, September 30th. Shareholders of record on Friday, October 10th will be given a dividend of 0.2275 per share by the financial services provider on Monday, October 20th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, October 10th. This is a 2.8% increase from Farmers & Merchants Bancorp's previous quarterly dividend of $0.22.

Farmers & Merchants Bancorp has a dividend payout ratio of 39.4% indicating that its dividend is sufficiently covered by earnings. 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 NASDAQ:FMAO traded down $0.39 during trading on Wednesday, hitting $24.62. 1,599 shares of the company were exchanged, compared to its average volume of 19,824. The business's 50 day moving average is $25.63 and its 200-day moving average is $24.81. The company has a market capitalization of $337.90 million, a P/E ratio of 11.39 and a beta of 0.90. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. Farmers & Merchants Bancorp has a 1-year low of $20.88 and a 1-year high of $34.15.

Farmers & Merchants Bancorp (NASDAQ:FMAO - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.05. The firm had revenue of $29.65 million during the quarter, compared to the consensus estimate of $28.67 million. Farmers & Merchants Bancorp had a return on equity of 8.66% and a net margin of 16.04%. Equities analysts forecast that Farmers & Merchants Bancorp will post 1.82 earnings per share for the current year.

Farmers & Merchants Bancorp Company Profile

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.

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