Farmers & Merchants Bancorp Boosts 3Q Dividend

Dow Jones09-25

By Connor Hart

The board of Farmers & Merchants Bancorp raised the quarterly cash dividend by 0.125 cents, to 22.125 cents a share.

The payout, equal to 88.5 cents a year, represents an annual yield of about 3.2% based on Tuesday's closing price of $27.44 a share.

The Archbold, Ohio, holding company of F&M Bank said the new dividend will be paid on Oct. 20 to shareholders of record as of Oct. 4.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

September 24, 2024 17:32 ET (21:32 GMT)

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