Farmers & Merchants Bancorp (FMCB) Announces Increase in the Year-End Cash Dividend
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Farmers & Merchants Bancorp (FMCB) announced a 5.68% increase in its year-end cash dividend to $9.30 per share, payable on January 2, 2025. Total dividends for 2024 rose by 5.85% to $18.10 per share. The company's net income for the trailing twelve months increased by 3.79%, resulting in a dividend payout ratio of 15.28%.
November 13, 2024 | 9:45 pm
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Farmers & Merchants Bancorp increased its year-end cash dividend by 5.68% to $9.30 per share, reflecting strong financial performance with a 3.79% rise in net income.
The increase in the dividend indicates strong financial health and profitability, which is likely to positively impact the stock price as it reflects confidence in future earnings and rewards shareholders.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100