Farmers & Merchants Bancorp's latest quarterly dividend was on Mar 27, 2024 (ex-date) with a payout of $0.22 per share. On an annualized basis, the company has a current payout of $0.86 per share. This brings the dividend yield to 4.1% based on its recent close price.
FMAO has a dividend yield of 4.1% which is higher than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 3.44%, Farmers & Merchants Bancorp's dividend yield is 19% higher. Historically FMAO's dividend yield has averaged at 2.9% in the last 5 years, which is lower than the current one.
Farmers & Merchants Bancorp has been paying dividends since 2006. FMAO has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 4.9% since twelve months ago. And with the price of the stock down by 8% from a year ago, the dividend yield has an increase of 15%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 27, 2024 | Apr 20, 2024 | Mar 19, 2024 | $0.22 | normal |
| Dec 28, 2023 | Jan 20, 2024 | Dec 19, 2023 | $0.22 | normal |
| Oct 5, 2023 | Oct 20, 2023 | Sep 26, 2023 | $0.21 | normal |
| 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 51.5% which is higher than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 39.5%, Farmers & Merchants Bancorp's payout ratio is 30% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NWBI Northwest Bancshares Inc | 7.19% | $0.8 | 75.5% |
| BRKL Brookline Bancorp Inc | 5.76% | $0.54 | 63.5% |
| FMAO Farmers & Merchants Bancorp Inc | 4.1% | $0.86 | 51.5% |
| FITB Fifth Third Bancorp | 3.81% | $1.38 | 42.7% |
Yes, Farmers & Merchants Bancorp has been paying dividends for the last 18 years.
FMAO hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in June 2024.
Farmers & Merchants Bancorp's last regular dividend was on Mar 27, 2024 (ex-date) with the amount of $0.22 per share.
On an annual basis FMAO pays $0.86 per share.
The current dividend yield of Farmers & Merchants Bancorp is 4.1%.
Farmers & Merchants Bancorp pays dividends quarterly.
Farmers & Merchants Bancorp's dividend payout ratio is 51.5%.
Farmers & Merchants Bancorp's dividend yield is higher than the Financial Services sector average.