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

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) declared a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Stockholders of record on Friday, December 27th will be paid 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 3.01%. The ex-dividend date 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% annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Farmers & Merchants Bancorp has a dividend payout ratio of 47.6% meaning its dividend is sufficiently covered by earnings. 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 Performance

FMAO stock opened at $29.37 on Wednesday. The company has a 50-day simple moving average of $30.75 and a 200 day simple moving average of $27.19. The company has a market capitalization of $402.34 million, a P/E ratio of 17.28 and a beta of 0.68. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.78. Farmers & Merchants Bancorp has a fifty-two week low of $18.99 and a fifty-two week high of $34.15.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The company had revenue of $45.86 million during the quarter, compared to analyst estimates 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 predict 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.