Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Plans Quarterly Dividend of $0.22

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) announced a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Investors 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 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Friday, December 27th. This is an increase from Farmers & Merchants Bancorp’s previous quarterly dividend of $0.22.

Farmers & Merchants Bancorp has increased its dividend by an average of 8.8% per year over the last three years and has increased its dividend every year for the last 15 years. Farmers & Merchants Bancorp has a dividend payout ratio of 47.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of Farmers & Merchants Bancorp stock traded down $2.40 on Wednesday, hitting $29.52. 16,750 shares of the company were exchanged, compared to its average volume of 26,207. 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 company has a 50-day moving average price of $30.51 and a 200 day moving average price of $26.88. The stock has a market capitalization of $404.39 million, a price-to-earnings ratio of 17.36 and a beta of 0.68. Farmers & Merchants Bancorp has a 1-year low of $18.99 and a 1-year high of $34.15.

Farmers & Merchants Bancorp (NASDAQ:FMAO) last released its quarterly earnings data 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. Farmers & Merchants Bancorp had a return on equity of 7.16% and a net margin of 13.16%. The company had revenue of $45.86 million for the quarter, compared to analyst estimates of $24.93 million. As a group, 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.