Farmers & Merchants Bancorp Continues Tradition of Dividend Growth
Farmers & Merchants Bancorp Shows Commitment to Shareholders
Residents of Archbold, Ohio, recently learned that Farmers & Merchants Bancorp, Inc., recognized by its Nasdaq ticker, FMAO, has announced a significant achievement in shareholder value. With total assets of $3.35 billion reported, the company continues its legacy of financial strength and stability.
Latest Dividend Announcement
As part of its ongoing commitment to investors, Farmers & Merchants Bancorp declared a quarterly cash dividend of $0.2275 per share. This recent announcement marks an exciting moment for shareholders, as the company noted that the dividend reflects an increase of $0.00625 per share, which amounts to approximately 2.82%. This increment leads to a $0.025 increase in the overall annual dividend, signifying the company’s dedication to returning capital to its shareholders.
A Testament to Stability and Growth
With this announcement, Farmers & Merchants Bancorp celebrates its 31st consecutive year of annual dividend increases, a remarkable feat that positions the organization as a leader among publicly traded banks in its commitment to shareholder returns. Lars B. Eller, the President and Chief Executive Officer, emphasized the importance of these dividends as a cornerstone of the company’s capital allocation strategy.
Eller remarked, “Returning capital to our shareholders through our long-standing commitment to increasing our dividend payment is a fundamental component of our capital allocation strategy. This continuous increase in dividends is a testament to our sustained growth, solid capital reserves, and effective business model.”
About F&M Bank
Farmers & Merchants Bancorp operates F&M Bank, an independent community bank that has been a staple in its surrounding communities since 1897. F&M Bank excels in a variety of financial services, including commercial and retail banking. The bank serves a wide range of areas across Ohio and Northeast Indiana, extending its services even to Michigan.
In Ohio, locations span numerous counties, including Butler, Champaign, Defiance, and Wood, among others. The company also has a significant presence in Northeast Indiana, with establishments in Adams, DeKalb, and more. They even maintain Loan Production Offices in various areas across Michigan and Indiana, enhancing their reach and accessibility for customers.
Company Leadership and Contact Information
For those seeking to engage with the leadership at Farmers & Merchants Bancorp, Lars B. Eller is available for inquiries. As the President and CEO, he can be contacted at (419) 446-2501 or via email at leller@fm.bank. For media inquiries, Andrew M. Berger, Managing Director of SM Berger & Company, Inc., is also ready to assist at (216) 464-6400 or at andrew@smberger.com.
Frequently Asked Questions
What is the recent dividend announced by Farmers & Merchants Bancorp?
The company announced a quarterly cash dividend of $0.2275 per share, reflecting their commitment to returning capital to shareholders.
How many consecutive years has Farmers & Merchants Bancorp increased its dividend?
Farmers & Merchants Bancorp has achieved its 31st consecutive annual dividend increase.
Who is the CEO of Farmers & Merchants Bancorp?
Lars B. Eller serves as the President and CEO, emphasizing the company’s growth and commitment to shareholder returns.
In which states does F&M Bank operate?
F&M Bank serves Ohio, Northeast Indiana, and parts of Michigan, employing various branches and offices across these regions.
How can I contact Farmers & Merchants Bancorp?
Contact Lars B. Eller for inquiries at (419) 446-2501 or via email at leller@fm.bank.
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