Farmers & Merchants Bancorp, Inc. (FMAO) To Go Ex-Dividend on April 4th

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) announced a quarterly dividend on Wednesday, March 26th, Wall Street Journal reports. Investors of record on Friday, April 4th will be given 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 3.59%. 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 every year for the last 19 years. Farmers & Merchants Bancorp has a payout ratio of 43.4% indicating that 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 Stock Up 1.7 %

FMAO opened at $24.65 on Friday. The firm has a market cap of $337.71 million, a P/E ratio of 12.97 and a beta of 0.67. Farmers & Merchants Bancorp has a 52 week low of $19.65 and a 52 week high of $34.15. 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 business’s fifty day simple moving average is $25.56 and its 200 day simple moving average is $27.88.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its earnings results on Wednesday, February 12th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.13. Farmers & Merchants Bancorp had a net margin of 14.48% and a return on equity of 7.97%. As a group, equities research analysts anticipate 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.