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

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) announced a quarterly dividend on Wednesday, March 26th, Wall Street Journal reports. Stockholders 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 dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, April 4th.

Farmers & Merchants Bancorp has raised its dividend by an average of 7.5% annually over the last three years and has raised its dividend annually for the last 19 consecutive years. Farmers & Merchants Bancorp has a payout ratio of 43.4% 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 Stock Down 0.0 %

NASDAQ:FMAO opened at $24.24 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $332.09 million, a price-to-earnings ratio of 12.76 and a beta of 0.67. Farmers & Merchants Bancorp has a one year low of $19.65 and a one year high of $34.15. The stock has a 50-day simple moving average of $25.60 and a 200 day simple moving average of $27.90.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.61 earnings per share for the quarter, beating 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%. Sell-side analysts predict that Farmers & Merchants Bancorp will post 1.82 EPS for the current fiscal 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.