First Farmers and Merchants Co. (OTCMKTS:FFMH) Announces Dividend Increase – $0.27 Per Share

First Farmers and Merchants Co. (OTCMKTS:FFMH) announced a quarterly dividend on Tuesday, September 24th, NASDAQ reports. Stockholders of record on Monday, October 7th will be given a dividend of 0.27 per share on Monday, October 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Monday, October 7th. This is an increase from First Farmers and Merchants’s previous quarterly dividend of $0.20.

First Farmers and Merchants Stock Performance

Shares of FFMH stock opened at $34.50 on Friday. First Farmers and Merchants has a 1-year low of $24.70 and a 1-year high of $36.00. The stock’s fifty day simple moving average is $34.34 and its 200-day simple moving average is $31.12.

About First Farmers and Merchants

First Farmers and Merchants Corporation operates as the bank holding company for First Farmers and Merchants Bank that provides various banking and financial services in Middle Tennessee and Northern Alabama. The company's deposit products include personal and business checking and savings, and individual retirement and investment accounts, as well as certificates of deposit.