Farmers & Merchants Bancshares, Inc. (Burlington, IA) operates as a holding company for Farmers & Merchants Bank & Trust that provides various financial services in Des Moines and Louisa Counties, Iowa. It offers checking, savings, and youth accounts; personal, mortgage, auto, boat, RV, business, construction, operating, real estate, agriculture, farm real estate and machinery, livestock, and short-term loans; home equity and lines of credit; and debit and credit cards. The company also provides wealth management services, such as trust, investment management, brokerage, financial planning, and rollover services. In addition, it offers merchant, mobile deposit, payroll, notary, and automated clearing house services; mobile and online banking, telephone banking, and bill pay services, as well as remote deposit capture services; and safe deposit boxes. The company was founded in 1916 and is based in Burlington, Iowa.
Farmers & Merchants Bancshares Dividend Announcement
• Farmers & Merchants Bancshares announced a semi annually dividend of $0.50 per ordinary share which will be made payable on 2024-06-27. Ex dividend date: 2024-06-04
• Farmers & Merchants Bancshares annual dividend for 2024 was $0.50
• Farmers & Merchants Bancshares annual dividend for 2023 was $1.00
• Farmers & Merchants Bancshares's trailing twelve-month (TTM) dividend yield is 4.49%
• Farmers & Merchants Bancshares's payout ratio for the trailing twelve months (TTM) is -331.13%
Farmers & Merchants Bancshares Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-04 | $0.50 | semi annually | 2024-06-27 |
2023-12-05 | $0.50 | semi annually | 2023-12-22 |
2023-06-05 | $0.50 | semi annually | 2023-06-29 |
2022-12-02 | $0.50 | semi annually | 2022-12-21 |
2022-06-07 | $0.50 | semi annually | 2022-06-29 |
2021-12-02 | $0.50 | semi annually | 2021-12-22 |
2021-07-06 | $0.50 | semi annually | 2021-07-28 |
2020-12-03 | $0.76 | semi annually | 2020-12-22 |
2020-07-01 | $0.50 | semi annually | 2020-07-22 |
2020-06-04 | $0.26 | semi annually | |
2019-12-24 | $0.50 | semi annually | 2019-12-27 |
2019-06-21 | $0.50 | semi annually | 2019-07-15 |
2018-12-17 | $0.50 | semi annually | 2018-12-28 |
2018-05-31 | $0.50 | semi annually | 2018-06-26 |
2017-11-24 | $0.50 | semi annually | 2017-12-26 |
2017-06-07 | $0.50 | semi annually | 2017-06-26 |
2016-12-07 | $0.50 | semi annually | |
2016-07-14 | $0.50 | semi annually | |
2015-12-10 | $0.50 | semi annually | |
2015-06-29 | $0.50 | semi annually | |
2014-12-10 | $0.65 | semi annually | |
2008-10-20 | $0.50 | semi annually | |
2008-06-27 | $0.50 | semi annually | |
2008-03-28 | $0.50 | semi annually | |
2008-01-29 | $0.50 | semi annually |
Farmers & Merchants Bancshares Dividend per year
Farmers & Merchants Bancshares Dividend growth
Farmers & Merchants Bancshares Dividend Yield
Farmers & Merchants Bancshares current trailing twelve-month (TTM) dividend yield is 4.49%. Interested in purchasing Farmers & Merchants Bancshares stock? Use our calculator to estimate your expected dividend yield:
Farmers & Merchants Bancshares Financial Ratios
Farmers & Merchants Bancshares Dividend FAQ
Other factors to consider when evaluating Farmers & Merchants Bancshares 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 Bancshares'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 Bancshares 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 Bancshares 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 Bancshares 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 Bancshares 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 Bancshares 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 Bancshares 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 Bancshares'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 Bancshares'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.