LODI, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) — Farmers & Merchants Bancorp (OTCQX: FMCB) (the “Company” or “FMCB”), the parent company of Farmers & Merchants Bank of Central California (the “Bank” or “F&M Bank”), declared a year-end cash dividend of $9.30 per share, an increase of 5.68% over the cash dividends declared in May of 2024 and November of 2023. The cash dividend will be payable on January 2, 2025 to shareholders of record as of December 4, 2024. Total cash dividends declared in 2024 increased 5.85% to $18.10 per share compared with $17.10 declared in 2023. The Company’s net income for the trailing twelve months through the third quarter of 2024 was $118.46 per share, up 3.79% over the same period a year earlier and results in a dividend payout ratio of 15.28%.
LODI, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) — Farmers & Merchants Bancorp (OTCQX: FMCB) (the “Company” or “FMCB”), the parent company of Farmers & Merchants Bank of Central California (the “Bank” or “F&M Bank”), declared a year-end cash dividend of $9.30 per share, an increase of 5.68% over the cash dividends declared in May of 2024 and November of 2023. The cash dividend will be payable on January 2, 2025 to shareholders of record as of December 4, 2024. Total cash dividends declared in 2024 increased 5.85% to $18.10 per share compared with $17.10 declared in 2023. The Company’s net income for the trailing twelve months through the third quarter of 2024 was $118.46 per share, up 3.79% over the same period a year earlier and results in a dividend payout ratio of 15.28%. Read MoreOther OTC:FMCB, US3077951040
GlobeNewswire – Dividend Reports And Estimates
