Farmers & Merchants Bancorp hikes dividend by 1.4%
Farmers & Merchants Bancorp (FMCB) will raise its semi-annual dividend by another 1.4 percent to $7.15 per share in 2019. Earlier this year the company already hiked its semi-annual dividend by 5 cents to $7.05 per share.
The next dividend will be paid on January 2, 2020 to shareholders of record on December 6, 2019. A new annual dividend rate of $14.30 per share yields 2.7% at a stock price of $773.
The next dividend will be paid on January 2, 2020 to shareholders of record on December 6, 2019. A new annual dividend rate of $14.30 per share yields 2.7% at a stock price of $773.