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

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) declared a quarterly dividend on Tuesday, March 25th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Friday, April 4th.

Farmers & Merchants Bancorp has raised its dividend payment by an average of 7.5% per year over the last three years and has raised its dividend annually for the last 19 consecutive years. Farmers & Merchants Bancorp has a dividend payout ratio of 43.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.3 %

Shares of NASDAQ FMAO opened at $23.85 on Wednesday. Farmers & Merchants Bancorp has a twelve month low of $19.65 and a twelve month high of $34.15. The stock has a market cap of $326.75 million, a price-to-earnings ratio of 12.55 and a beta of 0.67. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.78. The company’s fifty day moving average is $25.39 and its 200-day moving average is $27.84.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.13. Farmers & Merchants Bancorp had a return on equity of 7.97% and a net margin of 14.48%. Equities research analysts predict that Farmers & Merchants Bancorp will post 1.82 EPS for the current 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.