Farmers & Merchants Bancorp Inc. (FMAO) to Issue Quarterly Dividend of $0.23 on July 20th

Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO – Get Free Report) announced a quarterly dividend on Tuesday, June 30th. Stockholders of record on Friday, July 10th will be given a dividend of 0.23 per share by the financial services provider on Monday, July 20th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, July 10th.

Farmers & Merchants Bancorp has increased its dividend by an average of 0.1%per year 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 40.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Farmers & Merchants Bancorp to earn $3.01 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 30.6%.

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Farmers & Merchants Bancorp Stock Up 2.8%

Shares of FMAO opened at $31.45 on Thursday. The firm has a market capitalization of $433.00 million, a P/E ratio of 12.05 and a beta of 0.81. Farmers & Merchants Bancorp has a 12-month low of $22.77 and a 12-month high of $31.45. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average price of $28.00 and a 200-day moving average price of $26.85.

Farmers & Merchants Bancorp (NASDAQ:FMAO – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. Farmers & Merchants Bancorp had a net margin of 18.54% and a return on equity of 9.85%. The company had revenue of $32.44 million for the quarter, compared to the consensus estimate of $32.54 million. Equities research analysts expect that Farmers & Merchants Bancorp will post 2.83 earnings per share for the current year.

Farmers & Merchants Bancorp Company Profile

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Farmers & Merchants Bancorp (NASDAQ:FMAO) is the bank holding company for Farmers & Merchants Bank of Central California, a community-focused institution headquartered in Los Banos, California. The bank traces its roots to 1916 and has grown to serve individuals, businesses and agricultural enterprises throughout the western San Joaquin Valley. Operating with a commitment to local decision-making, the company emphasizes personalized service and close ties to the communities in which it operates.

Through its banking subsidiary, Farmers & Merchants offers a comprehensive suite of financial products and services, including checking and savings accounts, certificates of deposit, online and mobile banking platforms, and merchant services.

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