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Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) has announced its 30th consecutive annual increase in dividend. The Board of Directors approved a quarterly cash dividend of $0.22125 per share, payable on October 20, 2024, to shareholders of record as of October 4, 2024. This represents a $0.00125 increase from the previous quarter.
The company, which holds total assets of $3.32 billion as of June 30, 2024, has demonstrated consistent growth in its dividend payments. The annual dividend has increased from $0.2375 in 2004 to $0.8825 in 2024, reflecting a 6.8% compound annual growth rate over this period. President and CEO Lars B. Eller highlighted this achievement as a testament to F&M’s growth, strong capital levels, and profitable business model.
Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) ha annunciato il 30° aumento annuale consecutivo del dividendo. Il Consiglio di Amministrazione ha approvato un dividendo in contante trimestrale di $0.22125 per azione, pagabile il 20 ottobre 2024, agli azionisti registrati al 4 ottobre 2024. Questo rappresenta un aumento di $0.00125 rispetto al trimestre precedente.
La società, che detiene attivi totali di $3.32 miliardi al 30 giugno 2024, ha dimostrato una crescita costante nei pagamenti di dividendi. Il dividendo annuale è aumentato da $0.2375 nel 2004 a $0.8825 nel 2024, riflettendo un tasso di crescita annuale composto del 6.8% in questo periodo. Il Presidente e CEO Lars B. Eller ha sottolineato questo traguardo come una testimonianza della crescita di F&M, dei solidi livelli di capitale e di un modello di business redditizio.
Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) ha anunciado su 30° aumento anual consecutivo del dividendo. La Junta Directiva aprobó un dividendo en efectivo trimestral de $0.22125 por acción, pagadero el 20 de octubre de 2024, a los accionistas registrados hasta el 4 de octubre de 2024. Esto representa un aumento de $0.00125 con respecto al trimestre anterior.
La compañía, que posee activos totales de $3.32 mil millones a partir del 30 de junio de 2024, ha demostrado un crecimiento constante en sus pagos de dividendos. El dividendo anual ha aumentado de $0.2375 en 2004 a $0.8825 en 2024, lo que refleja una tasa de crecimiento anual compuesta del 6.8% durante este período. El Presidente y CEO Lars B. Eller destacó este logro como una prueba del crecimiento de F&M, los sólidos niveles de capital y un modelo de negocio rentable.
Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO)는 30년 연속 배당금 증가를 발표했습니다. 이사회는 주당 $0.22125의 분기 현금 배당금을 승인했으며, 2024년 10월 20일에 2024년 10월 4일 기준 주주에게 지급됩니다. 이는 이전 분기 대비 $0.00125 증가한 것입니다.
2024년 6월 30일 현재 총 자산이 $3.32억인 이 회사는 배당금 지급에서 꾸준한 성장을 보여줬습니다. 연간 배당금은 2004년 $0.2375에서 2024년 $0.8825로 증가하였으며, 이는 6.8%의 연평균 성장률을 나타냅니다. 사장 겸 CEO인 Lars B. Eller는 이 성과를 F&M의 성장, 강력한 자본 수준, 그리고 수익성 있는 비즈니스 모델의 증거로 강조했습니다.
Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) a annoncé son 30e augmentation annuelle consécutive du dividende. Le Conseil d’Administration a approuvé un dividende en espèces trimestriel de $0.22125 par action, payable le 20 octobre 2024, aux actionnaires inscrits au 4 octobre 2024. Cela représente une augmentation de $0.00125 par rapport au trimestre précédent.
L’entreprise, qui détient des actifs totaux de $3.32 milliards au 30 juin 2024, a démontré une croissance constante de ses paiements de dividendes. Le dividende annuel a augmenté de $0.2375 en 2004 à $0.8825 en 2024, reflétant un taux de croissance annuel composé de 6.8% durant cette période. Le président et PDG Lars B. Eller a souligné cette réalisation comme un témoignage de la croissance de F&M, de ses niveaux de capital solides et de son modèle commercial rentable.
Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) hat seine 30. jährliche Dividendensteigerung in Folge bekannt gegeben. Der Vorstand genehmigte eine vierteljährliche Barausschüttung von $0.22125 pro Aktie, zahlbar am 20. Oktober 2024 an Aktionäre, die am 4. Oktober 2024 registriert sind. Dies entspricht einem Preisanstieg von $0.00125 im Vergleich zum vorherigen Quartal.
Das Unternehmen, das zum 30. Juni 2024 über Gesamtvermögen von $3.32 Milliarden verfügt, hat ein konstantes Wachstum bei den Dividendenzahlungen gezeigt. Die jährliche Dividende ist von $0.2375 im Jahr 2004 auf $0.8825 im Jahr 2024 gestiegen, was eine jährliche Wachstumsrate von 6.8% während dieses Zeitraums widerspiegelt. Präsident und CEO Lars B. Eller hob diese Leistung als Beweis für das Wachstum von F&M, die starken Kapitalverhältnisse und ein rentables Geschäftsmodell hervor.
Positive
- 30th consecutive annual increase in dividend
- Quarterly dividend increased to $0.22125 per share
- Total assets of $3.32 billion as of June 30, 2024
- 6.8% compound annual growth rate in dividend from 2004 to 2024
Regular quarterly dividend increased to $0.22125 per share, or $0.885 per share annualized
ARCHBOLD, Ohio, Sept. 24, 2024 (GLOBE NEWSWIRE) — The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of F&M Bank, with total assets of $3.32 billion at June 30, 2024, today announced that it has approved the Company’s quarterly cash dividend of $0.22125 per share. The third-quarter dividend is payable on October 20, 2024, to shareholders of record as of October 4, 2024.
The $0.22125 per share cash dividend reflects a $0.00125 per share increase in the quarterly dividend, representing the 30th consecutive annual increase in the Company’s regular dividend payment.
Lars B. Eller, President and Chief Executive Officer stated, “I am proud that F&M has established one of the longest track records of consecutive dividend increases for publicly traded banks, reflecting F&M’s growth, strong capital levels, and profitable business model. F&M’s financial and operating strength has provided us with flexibility to return additional capital back to shareholders throughout various economic cycles. In fact, F&M’s annual dividend will have increased from $0.2375 in 2004 to $0.8825 in 2024 reflecting a 6.8% compound annual growth rate over this period.”
About Farmers & Merchants State Bank:
Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) is the holding company of F&M Bank, a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in West Bloomfield, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.
Safe Harbor statement
Farmers & Merchants Bancorp, Inc. (“F&M”) wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.
| Company Contact: | Investor and Media Contact: |
| Lars B. Eller President and Chief Executive Officer Farmers & Merchants Bancorp, Inc. (419) 446-2501 leller@fm.bank |
Andrew M. Berger Managing Director SM Berger & Company, Inc. (216) 464-6400 andrew@smberger.com |
FAQ
What is the new quarterly dividend for Farmers & Merchants Bancorp (FMAO)?
The new quarterly dividend for Farmers & Merchants Bancorp (FMAO) is $0.22125 per share.
When will FMAO’s third-quarter dividend be paid?
FMAO’s third-quarter dividend will be paid on October 20, 2024, to shareholders of record as of October 4, 2024.
How many consecutive years has FMAO increased its dividend?
FMAO has increased its dividend for 30 consecutive years.
What is the annualized dividend for FMAO in 2024?
The annualized dividend for FMAO in 2024 is $0.885 per share.
What was the compound annual growth rate of FMAO’s dividend from 2004 to 2024?
The compound annual growth rate of FMAO’s dividend from 2004 to 2024 was 6.8%.
