DividendMay 12, 2026, 04:39 PM
Farmers & Merchants Bancorp Increases Quarterly Dividend to $5.35
AI Summary
Farmers & Merchants Bancorp announced an increase in its quarterly cash dividend to $5.35 per share, a 4.9% rise from the previous $5.10. This dividend is payable on July 1, 2026. The increase follows strong financial performance, including record net income of $24.1 million for the first quarter of 2026 and a 10.7% increase in diluted EPS over the trailing twelve months. The company continues its streak as a "Dividend King" with 91 consecutive years of cash dividends and 61 consecutive years of dividend increases.
Key Highlights
- Farmers & Merchants Bancorp declared a quarterly cash dividend of $5.35 per share.
- This represents a 4.9% increase from the previous quarter's $5.10 per share.
- The dividend is payable on July 1, 2026, to shareholders of record on June 12, 2026.
- Total cash dividend declared over the trailing twelve months was $20.50, up from $18.60 a year earlier.
- Trailing twelve months net income was $94.7 million, up from $88.7 million a year earlier.
- Trailing twelve months diluted EPS was $136.49, a 10.7% increase from $123.32 a year ago.
- The company reported record net income of $24.1 million, or $35.34 per diluted share, for Q1 2026.
- This marks the 91st consecutive year of cash dividends and 61st consecutive year of dividend increases, maintaining its "Dividend King" status.
Price Impact
More from FMCB