Farmers & Merchants Bancorp's latest quarterly dividend was on Jul 6, 2023 (ex-date) with a payout of $0.21 per share. On an annualized basis, the company has a current payout of $0.84 per share. This brings the dividend yield to 4.79% based on its recent close price.
FMAO has a dividend yield of 4.79% which is higher than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 3.73%, Farmers & Merchants Bancorp's dividend yield is 28% higher. Historically FMAO's dividend yield has averaged at 2.6% in the last 5 years, which is lower than the current one.
Farmers & Merchants Bancorp has been paying dividends since 2006. FMAO has distributed three quarterly dividends in the past year. The annualized dividend per share has an increase of 8% since twelve months ago. And with the price of the stock down by 35% from a year ago, the dividend yield has an increase of 64%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jul 6, 2023 | Jul 20, 2023 | Jun 27, 2023 | $0.21 | normal |
| Mar 30, 2023 | Apr 20, 2023 | Mar 21, 2023 | $0.21 | normal |
| Dec 29, 2022 | Jan 20, 2023 | Dec 20, 2022 | $0.21 | normal |
| Sep 23, 2022 | Oct 20, 2022 | Sep 16, 2022 | $0.21 | normal |
| Jul 7, 2022 | Jul 20, 2022 | Jun 28, 2022 | $0.013 | special |
| Jul 7, 2022 | Jul 20, 2022 | Jun 28, 2022 | $0.19 | normal |
| Mar 31, 2022 | Apr 20, 2022 | Mar 22, 2022 | $0.19 | normal |
| Dec 27, 2021 | Jan 20, 2022 | Dec 17, 2021 | $0.19 | normal |
| Sep 27, 2021 | Oct 20, 2021 | Sep 17, 2021 | $0.18 | normal |
| Jun 25, 2021 | Jul 20, 2021 | Jun 16, 2021 | $0.17 | normal |
| Mar 30, 2021 | Apr 20, 2021 | Mar 19, 2021 | $0.17 | normal |
| Dec 28, 2020 | Jan 20, 2021 | Dec 18, 2020 | $0.17 | normal |
| Sep 28, 2020 | Oct 20, 2020 | Sep 18, 2020 | $0.17 | normal |
| Jun 26, 2020 | Jul 20, 2020 | Jun 16, 2020 | $0.16 | normal |
| Mar 30, 2020 | Apr 20, 2020 | Mar 20, 2020 | $0.16 | normal |
| Dec 30, 2019 | Jan 20, 2020 | Dec 20, 2019 | $0.16 | normal |
| Sep 30, 2019 | Oct 20, 2019 | Sep 20, 2019 | $0.15 | normal |
| Jun 14, 2019 | Jul 20, 2019 | Jun 5, 2019 | $0.15 | normal |
| Mar 25, 2019 | Apr 20, 2019 | Mar 15, 2019 | $0.15 | normal |
| Dec 28, 2018 | Jan 20, 2019 | Dec 21, 2018 | $0.15 | normal |
| Oct 1, 2018 | Oct 20, 2018 | Sep 21, 2018 | $0.14 | normal |
| Jun 25, 2018 | Jul 20, 2018 | Jun 15, 2018 | $0.14 | normal |
| Mar 26, 2018 | Apr 20, 2018 | Mar 16, 2018 | $0.13 | normal |
| Dec 22, 2017 | Jan 20, 2018 | Dec 15, 2017 | $0.13 | normal |
| Sep 25, 2017 | Oct 20, 2017 | $0.13 | normal | |
| Jun 22, 2017 | Jul 20, 2017 | Jun 13, 2017 | $0.125 | normal |
| Mar 27, 2017 | $0.115 | normal | ||
| Mar 24, 2017 | Apr 20, 2017 | $0.115 | normal |
FMAO has a payout ratio of 39.8% which is higher than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 33.5%, Farmers & Merchants Bancorp's payout ratio is 19% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NWBI Northwest Bancshares Inc | 7.82% | $0.8 | 73.4% |
| BRKL Brookline Bancorp Inc | 5.93% | $0.54 | 48.6% |
| FITB Fifth Third Bancorp | 5.29% | $1.34 | 38.1% |
| FMAO Farmers & Merchants Bancorp Inc | 4.79% | $0.84 | 39.8% |
Yes, Farmers & Merchants Bancorp has been paying dividends for the last 17 years.
FMAO has announced its next dividend with ex-date Oct 5, 2023.
Farmers & Merchants Bancorp's last regular dividend was on Jul 6, 2023 (ex-date) with the amount of $0.21 per share.
On an annual basis FMAO pays $0.84 per share.
The current dividend yield of Farmers & Merchants Bancorp is 4.79%.
Farmers & Merchants Bancorp pays dividends quarterly.
Farmers & Merchants Bancorp's dividend payout ratio is 39.8%.
Farmers & Merchants Bancorp's dividend yield is higher than the Financial Services sector average.