Farmers & Merchants Bancorp, Inc. (FMAO) Dividend History
FMAO latest dividend
The next dividend has not been announced yet.
- 8 yearsof dividend increases
- 2004paying since
- Quarterly4 payments a year
- +6.4%5-year growth a year
- 2.72%forward yield
FMAO dividend income calculator
- Dividend income a year
- $96
- Each payment
- $24
- Value of the shares
- $3,532
- Dividend yield
- 2.72%
At the latest close; forward annual dividend $0.96 per share, before tax.
FMAO dividends per share by year
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
FMAO dividend safety
Descriptive bands, not a rating.
FMAO yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $23.68 | 4.05% | $0.94 | 4.0% |
| 3 years ago | $17.51 | 5.48% | $2.71 | 15.5% |
| 5 years ago | $23.50 | 4.09% | $4.34 | 18.5% |
| 10 years ago | $16.25 | 5.91% | $7.31 | 45.0% |
| 20 years ago | $10.70 | 8.97% | $11.64 | 108.8% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
FMAO dividend payments
Each bar is one payment, by ex-dividend month (last 40 payments).
FMAO dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $0.90 | +2.0% | 3.64% | 4 |
| 2024 | $0.88 | +3.8% | 2.99% | 4 |
| 2023 | $0.85 | +4.6% | 3.43% | 4 |
| 2022 | $0.81 | +14.5% | 2.99% | 4 |
| 2021 | $0.71 | +7.6% | 2.16% | 4 |
| 2020 | $0.66 | +8.2% | 2.87% | 4 |
| 2019 | $0.61 | +8.9% | 2.02% | 4 |
| 2018 | $0.56 | +12.0% | 1.45% | 4 |
| 2017 | $0.50 | −27.0% | 1.23% | 4 |
| 2016 | $0.69 | — | 3.91% | 5 |
| 2015 | $0.55 | +29.8% | 4.05% | 4 |
| 2014 | $0.42 | +3.7% | 3.14% | 4 |
| 2013 | $0.41 | +3.8% | 3.67% | 4 |
| 2012 | $0.39 | +2.6% | 3.90% | 4 |
| 2011 | $0.38 | +4.1% | 4.33% | 4 |
| 2010 | $0.36 | +1.4% | 4.06% | 4 |
| 2009 | $0.36 | −37.9% | 4.41% | 4 |
| 2008 | $0.58 | — | 5.80% | 6 |
| 2007 | $0.24 | −16.5% | 2.37% | 3 |
| 2006 | $0.29 | — | 2.57% | 4 |
FMAO dividend history
90 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-10-09 | 2026-10-20 | $0.25 | +8.7% | Quarterly |
| 2026-07-10 | 2026-07-20 | $0.23 | — | Quarterly |
| 2026-04-02 | 2026-04-20 | $0.23 | — | Quarterly |
| 2025-12-29 | 2026-01-20 | $0.23 | +0.9% | Quarterly |
| 2025-10-10 | 2025-10-20 | $0.228 | +3.2% | Quarterly |
| 2025-07-07 | 2025-07-20 | $0.221 | — | Quarterly |
| 2025-04-04 | 2025-04-20 | $0.221 | — | Quarterly |
| 2024-12-27 | 2025-01-20 | $0.221 | — | Quarterly |
| 2024-10-04 | 2024-10-20 | $0.221 | +0.5% | Quarterly |
| 2024-07-05 | 2024-07-20 | $0.22 | — | Quarterly |
| 2024-03-27 | 2024-04-20 | $0.22 | — | Quarterly |
| 2023-12-28 | 2024-01-20 | $0.22 | +4.8% | Quarterly |
| 2023-10-05 | 2023-10-20 | $0.21 | — | Quarterly |
| 2023-07-06 | 2023-07-20 | $0.21 | — | Quarterly |
| 2023-03-30 | 2023-04-20 | $0.21 | — | Quarterly |
| 2022-12-29 | 2023-01-20 | $0.21 | — | Quarterly |
Show all 90 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-09-23 | 2022-10-20 | $0.21 | +3.4% | Quarterly |
| 2022-07-07 | 2022-07-20 | $0.203 | +6.8% | Quarterly |
| 2022-03-31 | 2022-04-20 | $0.19 | — | Quarterly |
| 2021-12-27 | 2022-01-20 | $0.19 | +5.6% | Quarterly |
| 2021-09-27 | 2021-10-20 | $0.18 | +5.9% | Quarterly |
| 2021-06-25 | 2021-07-20 | $0.17 | — | Quarterly |
| 2021-03-30 | 2021-04-20 | $0.17 | — | Quarterly |
| 2020-12-28 | 2021-01-20 | $0.17 | — | Quarterly |
| 2020-09-28 | 2020-10-20 | $0.17 | +6.2% | Quarterly |
| 2020-06-26 | 2020-07-20 | $0.16 | — | Quarterly |
| 2020-03-30 | 2020-04-20 | $0.16 | — | Quarterly |
| 2019-12-30 | 2020-01-20 | $0.16 | +6.7% | Quarterly |
| 2019-09-30 | 2019-10-20 | $0.15 | — | Quarterly |
| 2019-06-14 | 2019-07-20 | $0.15 | — | Quarterly |
| 2019-03-25 | 2019-04-20 | $0.15 | — | Quarterly |
| 2018-12-28 | 2019-01-20 | $0.15 | +7.1% | Quarterly |
| 2018-10-01 | 2018-10-20 | $0.14 | — | Quarterly |
| 2018-06-25 | 2018-07-20 | $0.14 | +7.7% | Quarterly |
| 2018-03-26 | 2018-04-20 | $0.13 | — | Quarterly |
| 2017-12-22 | 2018-01-20 | $0.13 | — | Quarterly |
| 2017-09-25 | 2017-10-20 | $0.13 | +4.0% | Quarterly |
| 2017-06-22 | 2017-07-20 | $0.125 | +8.7% | Quarterly |
| 2017-03-24 | 2017-04-20 | $0.115 | — | Quarterly |
| 2016-12-22 | 2017-01-20 | $0.115 | — | Quarterly |
| 2016-09-23 | 2016-10-20 | $0.115 | −50.0% | Quarterly |
| 2016-06-29 | 2016-07-20 | $0.23 | +100.0% | Quarterly |
| 2016-06-24 | 2016-07-20 | $0.115 | +4.5% | |
| 2016-03-24 | 2016-04-20 | $0.11 | −50.0% | Quarterly |
| 2015-12-24 | 2016-01-20 | $0.22 | +100.0% | Quarterly |
| 2015-09-25 | 2015-10-20 | $0.11 | — | Quarterly |
| 2015-06-26 | 2015-07-20 | $0.11 | +4.8% | Quarterly |
| 2015-03-27 | 2015-04-20 | $0.105 | — | Quarterly |
| 2014-12-29 | 2015-01-20 | $0.105 | — | Quarterly |
| 2014-09-29 | 2014-10-20 | $0.105 | — | Quarterly |
| 2014-06-27 | 2014-07-20 | $0.105 | — | Quarterly |
| 2014-03-28 | 2014-04-20 | $0.105 | — | Quarterly |
| 2013-12-27 | 2014-01-20 | $0.105 | +5.0% | Quarterly |
| 2013-09-27 | 2013-10-20 | $0.1 | — | Quarterly |
| 2013-06-28 | 2013-07-20 | $0.1 | — | Quarterly |
| 2013-03-26 | 2013-04-20 | $0.1 | — | Quarterly |
| 2012-12-28 | 2013-01-20 | $0.1 | — | Quarterly |
| 2012-09-28 | 2012-10-20 | $0.1 | +5.3% | Quarterly |
| 2012-06-22 | 2012-07-20 | $0.095 | — | Quarterly |
| 2012-03-23 | 2012-04-20 | $0.095 | — | Quarterly |
| 2011-12-23 | 2012-01-20 | $0.095 | — | Quarterly |
| 2011-09-23 | 2011-10-20 | $0.095 | — | Quarterly |
| 2011-06-24 | 2011-07-20 | $0.095 | — | Quarterly |
| 2011-03-25 | 2011-04-20 | $0.095 | — | Quarterly |
| 2010-12-23 | 2011-01-20 | $0.095 | +5.6% | Quarterly |
| 2010-09-21 | 2010-10-20 | $0.09 | — | Quarterly |
| 2010-06-22 | 2010-07-20 | $0.09 | — | Quarterly |
| 2010-03-23 | 2010-04-20 | $0.09 | — | Quarterly |
| 2009-12-22 | 2010-01-20 | $0.09 | — | Quarterly |
| 2009-09-21 | 2009-10-20 | $0.09 | — | Quarterly |
| 2009-06-22 | 2009-07-20 | $0.09 | — | Quarterly |
| 2009-03-23 | 2009-04-20 | $0.09 | — | Quarterly |
| 2008-12-22 | 2009-01-20 | $0.09 | — | Quarterly |
| 2008-09-24 | 2008-10-20 | $0.09 | +12.5% | Quarterly |
| 2008-06-24 | 2008-07-20 | $0.08 | — | Quarterly |
| 2008-03-25 | 2008-04-20 | $0.08 | −50.0% | Quarterly |
| 2008-03-18 | — | $0.16 | +100.0% | |
| 2008-01-28 | 2008-01-20 | $0.08 | — | Quarterly |
| 2007-09-24 | 2007-10-20 | $0.08 | — | Quarterly |
| 2007-07-13 | 2007-07-20 | $0.08 | — | Quarterly |
| 2007-03-20 | 2007-04-20 | $0.08 | +6.7% | Quarterly |
| 2006-12-19 | 2007-01-20 | $0.075 | — | Quarterly |
| 2006-09-19 | 2006-10-20 | $0.075 | — | Quarterly |
| 2006-06-20 | 2006-07-20 | $0.075 | +20.0% | Quarterly |
| 2006-03-21 | 2006-04-20 | $0.0625 | −23.1% | Quarterly |
| 2005-12-20 | 2006-01-20 | $0.0813 | +44.4% | Quarterly |
| 2005-09-20 | 2005-10-20 | $0.0563 | — | Quarterly |
| 2005-06-15 | 2005-07-20 | $0.0563 | — | Quarterly |
| 2005-03-29 | 2005-04-20 | $0.0563 | −18.2% | Quarterly |
| 2004-12-28 | 2005-01-20 | $0.0688 | — | Quarterly |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
FMAO stock split history
- 2:1September 21, 2017
- 4:1May 15, 2006
FMAO dividend overview
Farmers & Merchants Bancorp pays an annual dividend of $0.96 per share, a yield of 2.72% at the latest close, paid quarterly. It paid $0.90 per share in 2025, up 2.0% from 2024. It has raised its dividend for 8 consecutive years. Over five years the dividend grew 6.4% a year on average and over ten years 5.1% a year. The payout ratio is 32.1% of trailing earnings.
Related: FMAO cash flow statement, FMAO key metrics, FMAO chart. See the FMAO stock overview for the latest quote and news.
FMAO dividends FAQ
Does Farmers & Merchants Bancorp pay a dividend?
Yes. Farmers & Merchants Bancorp has paid a regular dividend since 2004, quarterly, most recently $0.25 per share with an ex-dividend date of October 9, 2026.
What is Farmers & Merchants Bancorp's dividend yield?
Farmers & Merchants Bancorp's forward annual dividend is $0.96 per share, a dividend yield of 2.72% at the latest close of $35.32.
How often does Farmers & Merchants Bancorp pay dividends?
Farmers & Merchants Bancorp pays dividends quarterly.
How fast is Farmers & Merchants Bancorp's dividend growing?
Farmers & Merchants Bancorp's dividend per share grew from $0.66 in 2020 to $0.90 in 2025, 6.4% a year on average over five years; it has increased for 8 years in a row.
What is Farmers & Merchants Bancorp's dividend payout ratio?
Farmers & Merchants Bancorp pays out 32.1% of its trailing earnings as dividends and 34.9% of its free cash flow (fiscal 2025).
Has Farmers & Merchants Bancorp split its stock?
Farmers & Merchants Bancorp has split its stock 2 times: 2:1 on September 21, 2017, 4:1 on May 15, 2006. Dividends per share on this page are adjusted for splits.