Farmers & Merchants Bancorp hikes dividend by 0.7%

Farmers & Merchants Bancorp (FMCB) will raise its semi-annual dividend by 0.7 percent to $7.05 per share in 2019.

The next dividend will be paid on July 1, 2019 to shareholders of record on June 14, 2019. A new annual dividend rate of $14.10 per share yields 1.8% at a stock price of $795.