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. It also provides commercial, agricultural, and residential mortgage, as well as consumer and credit card lending products; loans for farmland, farm equipment, and livestock; operating loans for seeds, fertilizers, and feeds; home improvement loans; and loans for autos, trucks, recreational vehicles, and motorcycles. In addition, the company offers commercial real estate loans, such as lines of credit and machinery purchase loans. Further, it provides automated teller machine or interactive teller machine services; and online and mobile banking, remote deposit capture or electronic deposit processing, and merchant credit card services. It also offers electronic transaction origination, such as wire and automated clearing house file transmittal services. Farmers & Merchants Bancorp, Inc. was founded in 1897 and is headquartered in Archbold, Ohio.
Farmers & Merchants Bancorp Dividend Announcement
• Farmers & Merchants Bancorp announced a quarterly dividend of $0.22 per ordinary share which will be made payable on 2024-10-20. Ex dividend date: 2024-10-04
• Farmers & Merchants Bancorp annual dividend for 2024 was $0.66
• Farmers & Merchants Bancorp annual dividend for 2023 was $0.85
• Farmers & Merchants Bancorp's trailing twelve-month (TTM) dividend yield is 3.17%
• Farmers & Merchants Bancorp's payout ratio for the trailing twelve months (TTM) is 50.31%
• Farmers & Merchants Bancorp's dividend growth over the last five years (2018-2023) was 8.70% year
• Farmers & Merchants Bancorp's dividend growth over the last ten years (2013-2023) was 0.48% year
Farmers & Merchants Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-04 | $0.22 | quarterly | 2024-10-20 |
2024-07-05 | $0.22 | quarterly | 2024-07-20 |
2024-03-27 | $0.22 | quarterly | 2024-04-20 |
2023-12-28 | $0.22 | quarterly | 2024-01-20 |
2023-10-05 | $0.21 | quarterly | 2023-10-20 |
2023-07-06 | $0.21 | quarterly | 2023-07-20 |
2023-03-30 | $0.21 | quarterly | 2023-04-20 |
2022-12-29 | $0.21 | quarterly | 2023-01-20 |
2022-09-23 | $0.21 | quarterly | 2022-10-20 |
2022-07-07 | $0.20 | quarterly | 2022-07-20 |
2022-03-31 | $0.19 | quarterly | 2022-04-20 |
2021-12-27 | $0.19 | quarterly | 2022-01-20 |
2021-09-27 | $0.18 | quarterly | 2021-10-20 |
2021-06-25 | $0.17 | quarterly | 2021-07-20 |
2021-03-30 | $0.17 | quarterly | 2021-04-20 |
2020-12-28 | $0.17 | quarterly | 2021-01-20 |
2020-09-28 | $0.17 | quarterly | 2020-10-20 |
2020-06-26 | $0.16 | quarterly | 2020-07-20 |
2020-03-30 | $0.16 | quarterly | 2020-04-20 |
2019-12-30 | $0.16 | quarterly | 2020-01-20 |
2019-09-30 | $0.15 | quarterly | 2019-10-20 |
2019-06-14 | $0.15 | quarterly | 2019-07-20 |
2019-03-25 | $0.15 | quarterly | 2019-04-20 |
2018-12-28 | $0.15 | quarterly | 2019-01-20 |
2018-10-01 | $0.14 | quarterly | 2018-10-20 |
2018-06-25 | $0.14 | quarterly | 2018-07-20 |
2018-03-26 | $0.13 | quarterly | 2018-04-20 |
2017-12-22 | $0.13 | quarterly | 2018-01-20 |
2017-09-25 | $0.13 | quarterly | 2017-10-20 |
2017-06-22 | $0.25 | quarterly | 2017-07-20 |
2017-03-24 | $0.23 | quarterly | 2017-04-20 |
2016-12-22 | $0.23 | quarterly | 2017-01-20 |
2016-09-23 | $0.23 | quarterly | 2016-10-20 |
2016-06-24 | $0.23 | quarterly | 2016-07-20 |
2016-03-24 | $0.22 | quarterly | 2016-04-20 |
2015-09-25 | $0.22 | quarterly | 2015-10-20 |
2015-06-26 | $0.22 | quarterly | 2015-07-20 |
2015-03-27 | $0.21 | quarterly | 2015-04-20 |
2014-12-29 | $0.21 | quarterly | 2015-01-20 |
2014-09-29 | $0.21 | quarterly | 2014-10-20 |
2014-06-27 | $0.21 | quarterly | 2014-07-20 |
2014-03-28 | $0.21 | quarterly | 2014-04-20 |
2013-12-27 | $0.21 | quarterly | 2014-01-20 |
2013-09-27 | $0.20 | quarterly | 2013-10-20 |
2013-06-28 | $0.20 | quarterly | 2013-07-20 |
2013-03-26 | $0.20 | quarterly | 2013-04-20 |
Farmers & Merchants Bancorp Dividend per year
Farmers & Merchants Bancorp Dividend growth
Farmers & Merchants Bancorp Dividend Yield
Farmers & Merchants Bancorp current trailing twelve-month (TTM) dividend yield is 3.17%. Interested in purchasing Farmers & Merchants Bancorp stock? Use our calculator to estimate your expected dividend yield:
Farmers & Merchants Bancorp Financial Ratios
Farmers & Merchants Bancorp Dividend FAQ
Other factors to consider when evaluating Farmers & Merchants Bancorp as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Farmers & Merchants Bancorp's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Farmers & Merchants Bancorp publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Farmers & Merchants Bancorp distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Farmers & Merchants Bancorp are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Farmers & Merchants Bancorp sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Farmers & Merchants Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Farmers & Merchants Bancorp declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Farmers & Merchants Bancorp's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Farmers & Merchants Bancorp's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.