Farmers & Merchants: Dividend Insights
Portfolio Pulse from Benzinga Insights
Farmers & Merchants (NASDAQ:FMAO) announced a quarterly dividend of 22 cents per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday, meaning it will likely open 22 cents lower. Shareholders owning the stock by the end of Wednesday will receive the dividend on January 20, 2024.
December 25, 2023 | 2:45 pm
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Farmers & Merchants (FMAO) will pay a 22 cents per share dividend, with shares expected to open lower by the dividend amount on the ex-dividend date.
The stock price of FMAO is likely to drop in the short term by the amount of the dividend as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. The importance is significant as it affects shareholders' equity and can influence investment decisions, especially for dividend investors. The confidence level is high due to the predictable nature of ex-dividend price adjustments.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100