Farmers & Merchants Bancorp hikes dividend by 10.5%

The new cash dividend has been raised to $0.21 per share from the previous dividend of $0.19, and $0.18 per share for the same period last year. This represents the 28th consecutive annual increase in the Company’s regular dividend payment since 1994. The third-quarter dividend is payable on October 20, 2022, to shareholders of record as of September 26, 2022.

Lars B. Eller, President and Chief Executive Officer stated: “According to data from S&P Capital IQ Pro, of the nearly 800 publicly traded banks, F&M has the 10th longest track record of consecutive dividend increases. Additionally, since 2017, our 2022 annualized cash dividend has increased at a 10.2% compound annual growth rate, reflecting F&M’s strong financial results and commitment to creating long-term value for its shareholders.”